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Investment Highlights
- Capitol Hill Historic District
- Convenient access to Metro
Executive Summary
Ideally located in the heart of Capitol Hill, 323 Maryland Avenue NE presents a rare opportunity to acquire a nearly 4,500 square foot residential building comprised of six separately titled condominium units. The unit mix includes four one-bedroom residences and two studio apartments, offering a flexible and well-balanced configuration for investors.
Offered for sale as one complete building, the property is a contributing structure within the Capitol Hill Historic District, with its exterior preserved in accordance with historic guidelines while allowing for thoughtful updates within. Originally constructed circa 1900, the building reflects the late 19th-century architecture that defines the character of the neighborhood.
The three-story plus basement masonry structure is built of red pressed brick, a hallmark of high-quality construction of the era, and retains its classic vertical proportions, large windows, and decorative cornices influenced by Italianate and Queen Anne design.
Historically, homes on this block were occupied by professionals connected to the nearby U.S. Capitol, a legacy that continues today given the property’s exceptional location just moments from the Capitol, Supreme Court, and House and Senate Office Buildings. Just a few blocks from Union Station, the property also offers convenient access to Metro, shopping, dining, and regional transportation.
A compelling combination of scale, historic character, and premier location, 323 Maryland Avenue NE represents a unique opportunity to own a significant Capitol Hill asset.
Offered for sale as one complete building, the property is a contributing structure within the Capitol Hill Historic District, with its exterior preserved in accordance with historic guidelines while allowing for thoughtful updates within. Originally constructed circa 1900, the building reflects the late 19th-century architecture that defines the character of the neighborhood.
The three-story plus basement masonry structure is built of red pressed brick, a hallmark of high-quality construction of the era, and retains its classic vertical proportions, large windows, and decorative cornices influenced by Italianate and Queen Anne design.
Historically, homes on this block were occupied by professionals connected to the nearby U.S. Capitol, a legacy that continues today given the property’s exceptional location just moments from the Capitol, Supreme Court, and House and Senate Office Buildings. Just a few blocks from Union Station, the property also offers convenient access to Metro, shopping, dining, and regional transportation.
A compelling combination of scale, historic character, and premier location, 323 Maryland Avenue NE represents a unique opportunity to own a significant Capitol Hill asset.
Property Facts
| Price | $2,395,000 | Building Class | C |
| Price Per Unit | $342,143 | Lot Size | 0.01 AC |
| Sale Type | Investment | Building Size | 4,420 SF |
| No. Units | 7 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | RF1 | ||
| Price | $2,395,000 |
| Price Per Unit | $342,143 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.01 AC |
| Building Size | 4,420 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Zoning | RF1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 360 |
| 1+1 | 1 | - | 485 |
| 1+1 | 1 | - | 640 |
| 1+1 | 1 | - | 440 |
| 1+1 | 1 | - | 645 |
| 1+1 | 1 | - | 500 |
| 1+1 | 1 | - | 605 |
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Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
90/100
Very bikeable
80/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,972,350 | |
| Land Assessment | $590,310 | Total Assessment | $2,562,660 |
Property Taxes
Parcel Numbers
Land Assessment
$590,310
Improvements Assessment
$1,972,350
Total Assessment
$2,562,660
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323 Maryland Ave NE
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