2300 19th Street NW is a 7-unit multifamily asset located in DC’s Kalorama neighborhood (the “Property”). The Property is a short walk from Dupont Circle and a number of prominent DC commercial corridors including Columbia Road NW, Mt. Pleasant Street NW, 18th Street NW, U Street NW, and Connecticut Avenue NW. The Property is steps from Kalorama Park and a short walk from the Smithsonian National Zoo.
The Property consists of a three-story brick building (with cellar) and has approximately 5,600
gross square feet and sits on a 3,911 square foot parcel. The building has seven (7) units consisting of
three (3) studio units, three (3) one bedroom units, and one (1) 1,300+ square foot two bedroom unit.
The Property is flexibly zoned (RA-2) and the building’s location in the Kalorama neighborhood
is expected to consistently drive rental demand and cause the asset to serve as a reliable and
appreciating investment for years to come.
Also of note:
1.) TOPA process has already been completed.
2.) The Property is currently subject to approximately $1.26MM in assumable debt at a sub-3% interest rate.
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