311 East Capitol SE, Washington, DC 20003 - Photo 1

1/1

$3,000,000

Sold
Closed
Apartment

1/1

Property Description

We are pleased to present 311 East Capitol Street, SE, a four-level, 13-unit property in RF-1/CAP Zoning. The current configuration, layout, and condition offer an investor myriad options to reposition the asset in the marketplace. The property is nestled on one of the most coveted blocks on Capitol Hill, as it is situated a stone's throw from the United States Capitol, both the Senate and House of Representative Office Buildings (Hart, Russell and Dirksen, and Cannon, Longworth and Rayburn), The Folger Shakespeare Library, The Supreme Court, The Library of Congress, countless association headquarters, and vast restaurant and retail options. As a TOPA free asset, the property presents investors with an immediate opportunity to acquire a grandfathered-use, multi-family property for occupancy upon acquisition, redevelopment as a mid-level or luxury rental, or a condominium project. A present estimate of HCVP Rents for the current configuration, if fully leased is $31,930/mo (estimated). A preliminary zoning opinion (available upon request) has confirmed that the unit make-up could be modified to decrease density.

Full Property Details

Full Property Details for 311 East Capitol SE

General

Sold For: $3,000,000
Taxes: (2022)
Status: Closed
Type: Apartment
Source: BrightMLSMidAtlantic
MLS ID: DCDC2130534
Added to Site: 725 day(s) ago

Business

Business Type: Apartment Building

Parking

Parking Type: None

Location

County: Washington
Development Name: Capitol Hill
Subdivision: Capitol Hill
Driving Directions: 311 East Capitol Street SE is on the south side of East Capitol Street between 3rd and 4th Streets SE.
Location Details: Urban
City Limits: Yes

Heating & Cooling

Central air: Yes
Cooling Type: Window Unit(s), Central A/C
Cooling Fuel: Electric
Heating Type: Baseboard - Electric, Radiator, Forced Air
Heating Fuel: Natural Gas, Electric
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Electric Available, Natural Gas Available, Sewer Available, Water Available

Structural Information

Architect: George Gross, MD
Builder: Little
Construction: Brick
Foundation: Brick/Mortar
Roof: Flat, Built-Up, Asphalt
Entry Floor Number: 2
Stories/Levels: 4
Year Built: 1878
Year Built Source: Estimated
Property Condition: Below Average

Unit Information

# Tenants: Multiple

Lot Features

Property View: City, Street, Other
Lot Size (Acres): 0.06
Lot Size (Sq. Ft.): 2,470
Lot Size Source: Assessor
Fence: Yes
Zoning: RF-1/CAP

Financial Considerations

Price Per Sq. Ft.: $352.87
Assessment Year: 2022
City/TownTax Freq: Annually
County Tax Freq: Annually
Tax w/Assessment: $3,628,270
Tax Year: 2022

Disclosures and Reports

Ownership: Fee Simple
Investment: Yes
Lot Number: 814

Listed by Washington Fine Properties, LLC, Nathan J Guggenheim
Sold by Barley & Barley Real Estate, Tim Barley

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Listing agent

— 311 East Capitol SE —

Nathan J Guggenheim

Washington Fine Properties, LLC

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Schools

Schools serving 311 East Capitol SE

School District:District of Columbia Public Schools

Name	Grades	Distance
Brent Elementary School 301 North Carolina Avenue Southeast, Washington, DC 20003	K-5	0.3 mi
Jefferson Middle School Academy 801 7th Street Southwest, Washington, DC 20024	6-8	1.3 mi
Eastern High School 1700 East Capitol Street Southeast, Washington, DC 20003	9-12	1.2 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 311 East Capitol SE

Date

Details

Price

Change

Source

6/14/2024

Sold

$3,000,000

1.69%

MLS

2/29/2024

Listed

$2,950,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Beds
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Beds
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Beds
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Beds
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311 East Capitol SE, Washington, DC 20003 (MLS# DCDC2130534) is a Apartment property that was sold at $3,000,000 on June 14, 2024. Want to learn more about 311 East Capitol SE? Do you have questions about finding other Apartment real estate for sale in Washington? You can browse all Washington real estate or contact a Coldwell Banker agent to request more information.

311 East Capitol SE Washington, DC 20003