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650-652 Morton St NW
Washington, DC 20010
Multifamily Property For Sale
·
1 Unit
Executive Summary
TOWNHOUSE / MULTI-FAMILY DEVELOPMENT @ PARK MORTON. SELLER FINANCING OR SETTLEMENT UPON ENTITLEMENT AVAILABLE. Prime Residential Development Opportunity Across from the newly-built Park Morton Apartments! This expansive 6,740 SQF flat lot with an existing end-of-row rowhouse presents a rare chance to capitalize on RA-3 zoning, allowing moderate-density residential development. Key zoning highlights include an FAR of 3.0, lot occupancy of 75%, and a building height allowance of up to 60 feet. This property offers versatile options for developers, including (9) townhouse or "2 over 2" condos , a traditional 24-unit multifamily building, or even assisted and senior-living facilities. By-right development provides upwards of 25,520 total square feet (20,220 above grade + 5,055 below grade). Development above (9) units is subject to additional bonuses and covenants required by the IZ+ program overlay. Contact the listing agent for more detailed studies, including a massing study for a 24-unit apartment concept. Renderings and documentation are available for review but are for informational purposes only. Buyers are encouraged to perform their own due diligence with zoning attorneys, architects, and civil engineers.
Property Facts
| Price Per Unit | $2,207,685 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| No. Units | 1 | Building Size | 1,774 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1909 |
| Apartment Style | Townhome | ||
| Zoning | RA-3 | ||
| Price Per Unit | $2,207,685 CAD |
| Sale Type | Investment |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 1,774 SF |
| No. Stories | 2 |
| Year Built | 1909 |
| Zoning | RA-3 |
Property Taxes
| Parcel Number | 3040-0034 | Improvements Assessment | $323,048 CAD |
| Land Assessment | $850,722 CAD | Total Assessment | $1,173,771 CAD |
Property Taxes
Parcel Number
3040-0034
Land Assessment
$850,722 CAD
Improvements Assessment
$323,048 CAD
Total Assessment
$1,173,771 CAD
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