$10,000 Closing Credit¹
Ryan Butler, Listing Office: Keller Williams Capital Properties
$10,000
closing credit¹
1938 I St NE Washington, DC 20002
$1,299,999 List price
$10,000
Closing credit¹
2,368 sqft
0.06 acres
$549 / sqft
Multi-Family
Property details
About 1938 I St NE
Discover a prime condo conversion development opportunity in NE DC, strategically positioned near the vibrant H Street corridor. This VACANT (NO TOPA) 4-unit multi-family building comes ready for transformation, with Approved Plans and a recently issued Building Permit to construct 10 luxury condo units spanning a cellar, four floors, and a penthouse (PH) level. Additionally, the property includes two dedicated parking spaces. The development is designed to attract discerning buyers and investors, featuring: Two expansive three-bedroom penthouse units, each spread over the 4th floor and penthouse level. Six thoughtfully designed two-bedroom units. Two stylish one-bedroom units. With a projected construction cost estimated between $1.2M - $1.5M, this development offers a potential sales range from $3.4M - $3.9M. The anticipated ARV is based on $580/sqft to $670/sqft, ensuring a strong return on investment. The total gross area for the 10 units is 7,414 sqft, with a net living space of 5,862 sqft. Plans have been meticulously prepared by 2Plys Architecture, a firm renowned for their expertise in multifamily condo conversions in DC. This project is truly shovel-ready with all plans and permits in place, making it an exceptional opportunity for developers looking to make an immediate impact in one of DC’s most desirable locations. Act now to seize this turn-key development opportunity and position yourself for impressive returns in the dynamic NE DC market. Contact us today for more details and to schedule a viewing.
Highlights
Home typeQuadruplex
HeatingHot Water
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air
Size2,368 sqft
Lot size0.06 Acres
Year builtNew Const., 1942
ParkingOn Street
MLS #DCDC2175750
Summary
- MLS Number: DCDC2175750
- MLS Name: BRIGHT
- Office Name: EXP Realty, LLC
- Office Phone: (833) 335-7433
- Office Email: dc.broker@exprealty.net
- Listing Agent: Nicola C Taylor
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/27/2025, 9:23:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,299,999
1938 I St NE
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 03, 2014 | Home Sold | $340,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $774,210 | $6,787 |
| 2022 | $736,510 | $6,260 |
| 2021 | $658,250 | $5,595 |
| 2020 | $603,580 | $5,130 |
History based on county public records data.
Nearby schools
8
School-Within-School at Goding
Public District PK-5
0.2 mi
•704 26th St NE
4
Two Rivers Public Charter School - Young Elementary School
Public Charter PK-5
0.2 mi
•820 26th St NE
6
Kipp Dc - Spring Academy Public Charter School
Public Charter 1-4
0.5 mi
•1375 Mount Olivet Rd NE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,069. Most Washington, DC residents have annual incomes less than $<35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
54%
<35k
41%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
69%
Single, No Kids
20%
Single, with Kids
6%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
8%
12-17 yrs old
25%
18-34 yrs old
44%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Popeyes
What do the neighbors drive?
Honda
Kia
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
News
All data provided by Home Junction and Claritas
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This home is located at 1938 I St NE in Washington, DC and zip code 20002 in the Northeast neighborhood. This 2,368 square foot home, which was built in 1942, sits on a 0.06 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since January 23, 2025 and is currently priced at $1,299,999.
In December 2024 more than 103 listings in Washington, DC were sold above the asking price. During the same period more than 113 listings were sold at asking price, while more than 258 were sold below. The number of homes for sale in Washington, DC increased by 0.4% between November and December 2024. While the average time on the market in December 2024 was 58 days, the median list price was $676,667.
From Rocket Homes Real Estate and based on county public records data.