Adams Morgan Mount Pleasant 2920 Ontario Rd NW 36 Unit Apartment Building $8,500,000 ($236,111/Unit) Washington, DC 20009

Horvath & Tremblay is pleased to present the exclusive sale of 2920 Ontario Road NW, a 100% vacant multi-family building in shell condition in Washington, DC (the “Property”). Located in between the Adams Morgan and Mt. Pleasant neighborhoods of Northwest Washington, DC, the Property is situated at the intersection of Ontario Road NW and Clydesdale Place NW and is a short walk from a number of prominent commercial corridors including: Columbia Road NW, Mt. Pleasant Street NW, 18th Street NW, and Connecticut Avenue NW. The Property is steps from the Smithsonian National Zoo. The asset is proximate to a good number of public and charter schools, as well as major DC highways and the Columbia Heights & Woodley Park- Zoo/Adams Morgan Metro Stations, which are both 0.6-miles away. The Property consists of a 100% vacant four-story (including a partial cellar level with utilities), fully detached, brick building with a certificate of occupancy for thirty-six (36) apartment units. The subject property has 31,229 square feet of gross building area and sits on an 11,302-squarefoot RA-2 zoned parcel. The building offers the possibility of expansion to approximately 43,556 square feet of gross building area through the build out of a penthouse level and the extension of the partial cellar to encompass the entire lower level. Also, the building’s location in between the Adams Morgan and Mt. Pleasant neighborhoods is expected to consistently drive rental demand and cause the asset, upon renovation, to serve as a reliable and appreciating investment for years to come.