Washington, DC 20002,1216 RAUM ST NE
Washington, DC 20002,1216 RAUM ST NE
Washington, DC 20002,1216 RAUM ST NE
Washington, DC 20002,1216 RAUM ST NE
Washington, DC 20002,1216 RAUM ST NE
Washington, DC 20002,1216 RAUM ST NE
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$ 850,000
Est. payment | /mo

8,260 SqFt


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$ 850,000
Est. payment | /mo
Save

8,260 SqFt

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 8,260 sqft

Price per Sqft $102

MLS Listing ID DCDC2150192

Style Other

Abv Grd Liv Area 8,260

Originating Board BRIGHT

Year Built 1936

Annual Tax Amount $1,130

Tax Year 2004

Lot Size 3,485 Sqft

Acres 0.08

Property Description

The Centurion Group presents a high-yield gut job development opportunity at 1216 Raum Street NE, Washington, DC 20002. Located in the active Trinidad area of Northeast DC, this .08-acre property is ideal for investors focused on maximizing return.

This 3,900 SF structure is ready for conversion into a pre-permitted, modern 4-level, 4-unit apartment complex totaling 8,340 SF. The proposed layout includes:

Two lower units: 2120 SF each, with 4 bedrooms and 3.5 bathrooms.
Top-floor units: 2120 SF each, featuring 4 bedrooms and 3 bathrooms.
With construction costs anticipated to exceed $800K, the project offers a projected stabilization CAP rate of approximately 6.5%.

Location

State DC

County Washington

Zoning R4

Rooms

Basement Connecting Stairway, Other

Interior

Hot Water Other

Heating Other

Cooling Other

Fireplace N

Heat Source Other

Exterior

Waterfront N

Water Access N

Accessibility Other

Parking Type Other

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 4052//0849

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by David H Park • TTR Sotheby's International Realty
agent-avatar

+1(610) 420-7506

mk@movewithpridephl.com

1619 Walnut St 4th FL, Philadelphia, PA, 19103, United States

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1216 RAUM ST NE