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1829 Phelps Pl NW 5 Unit Apartment Building For Sale Washington, DC 20008
Investment Highlights
- Immediate Renovation Opportunity
- Historic Character with Modern Infrastructure
- Off-Street Parking
- Generational Ownership
- Limited Multifamily Supply in Kalorama
Executive Summary
KLNB Capital Markets is pleased to present 1829 Phelps Place NW, a 5-unit boutique multifamily asset in the Kalorama / Adams Morgan enclave—one of DC’s most supply-constrained and desirable residential corridors. Located just off Connecticut Avenue, the property offers walkable access to Dupont Circle, Adams Morgan, Woodley Park, and Embassy Row.
The four-story historic building features five oversized units, including a ~2,000 SF three-bedroom with a private backyard—an exceptionally rare offering in Kalorama. With four of five units vacant, investors can immediately execute a full renovation and repositioning strategy, creating a clear basis reset opportunity in a high-demand, low-supply submarket.
For more information Reach out to DSeitz@klnb.com
The four-story historic building features five oversized units, including a ~2,000 SF three-bedroom with a private backyard—an exceptionally rare offering in Kalorama. With four of five units vacant, investors can immediately execute a full renovation and repositioning strategy, creating a clear basis reset opportunity in a high-demand, low-supply submarket.
For more information Reach out to DSeitz@klnb.com
Property Facts
| Sale Type | Investment | Building Class | B |
| Sale Condition | High Vacancy Property | Lot Size | 0.12 AC |
| No. Units | 5 | Building Size | 5,032 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1900/1980 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.4/1,000 SF |
| Zoning | RA-2 | ||
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 5,032 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1900/1980 |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | RA-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $2,900 | 800 |
| 2+1 | 1 | $4,000 | 1,000 |
| 3+2 | 1 | $9,000 | 2,000 |
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Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 2530-0304 | Improvements Assessment | $750,220 |
| Land Assessment | $1,360,910 | Total Assessment | $2,111,130 |
Property Taxes
Parcel Number
2530-0304
Land Assessment
$1,360,910
Improvements Assessment
$750,220
Total Assessment
$2,111,130
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1829 Phelps Pl NW
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