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Religious or Multifamily Property 831 Varnum St NE 29 Unit Dormitory $5,400,000 ($186,207/Unit) Washington, DC 20017
INVESTMENT HIGHLIGHTS
- Special use - student housing, group home, or religious house
- Full commercial kitchen with walk-in refrigerator/freezer space.
- Excellent move-in ready condition.
- Multiple (10+) offices, common areas, libraries, and storage rooms that could be utilized as additional bedrooms.
EXECUTIVE SUMMARY
831 Varnum St NE, Washington, DC is a four-story, 18,616± SF building ideal for student housing, group home, or religious
house. It boasts move-in ready condition, having been well maintained and recently renovated. Along with over 32 current
bedrooms and offices, the property’s extensive amenities include a full commercial kitchen, group dining area with
outdoor patio seating, existing chapel, various room layouts, multiple common areas and libraries, elevator service, excess
land for parking expansion, backup power generator, and a full sprinkler system. This meticulously maintained property, with
recent roof replacement and excess power capacity, presents an unparalleled opportunity for purchasers seeking a prestigious
and versatile asset in a prime Washington DC location.
house. It boasts move-in ready condition, having been well maintained and recently renovated. Along with over 32 current
bedrooms and offices, the property’s extensive amenities include a full commercial kitchen, group dining area with
outdoor patio seating, existing chapel, various room layouts, multiple common areas and libraries, elevator service, excess
land for parking expansion, backup power generator, and a full sprinkler system. This meticulously maintained property, with
recent roof replacement and excess power capacity, presents an unparalleled opportunity for purchasers seeking a prestigious
and versatile asset in a prime Washington DC location.
PROPERTY FACTS
| Price | $5,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $186,207 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.80 AC |
| No. Units | 29 | Building Size | 18,616 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Dormitory | Year Built | 1935 |
| Zoning | RA-1 | ||
| Price | $5,400,000 |
| Price Per Unit | $186,207 |
| Sale Type | Investment |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.80 AC |
| Building Size | 18,616 SF |
| No. Stories | 4 |
| Year Built | 1935 |
| Zoning | RA-1 |
AMENITIES
SITE AMENITIES
- Elevator
1 1
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 3810-0135 | Improvements Assessment | $1,899,080 |
| Land Assessment | $2,574,870 | Total Assessment | $4,473,950 |
PROPERTY TAXES
Parcel Number
3810-0135
Land Assessment
$2,574,870
Improvements Assessment
$1,899,080
Total Assessment
$4,473,950
CONTACTS
-
Sally Ludwig -
Kahu Ludwig -
Jonathan Reneau -
Jeffrey Ludwig -
NAI The Michael Companies, Inc.
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Religious or Multifamily Property | 831 Varnum St NE
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