1. District of Columbia
2. Washington
3. 2326 NICHOLSON STREET

2326 NICHOLSON STREET, Washington, DC 20020

• 4 beds |
• 2 baths |
• 2,633 sqft

Property Description

PRIME DEVELOPMENT OPPORTUNITY! Just 2 miles south of the recently announced $2.7 billion redevelopment of the 180 acre RFK campus, this unassuming tear down single family home carries the coveted RA-2 (Residential Apartment) zoning that touts a 1.8 floor area ratio that would potentially allow this 4,500 SF (30’x150’) rectangular lot to support 8,100 SF (4,500 x 1.8) of residential development that includes a 50-feet height restriction (4 floors @ 2,025 SF per floor) not including a rooftop deck structure. Ideally situated just one block off of Pennsylvania Avenue, it’s after repair value could easily exceed $3M (e.g. (8) - 1,000 SF 2BR, 2BA condos at $400K each = $3.2M) and is supported by recent sales across the street where the 968 SF 2305 Nicholson St SE #205 2BR 2BA condo sold for $460K in February this year. Location just far away enough from the hustle and bustle of the new RFK development but close enough proximity for maximum appreciation potential!

Listing Status:

Active

Date Added:

May 21, 2025 at 05:00AM

Listing Office:

Keller Williams Realty : 7036791700

Listing Agent:

Deborah K Reynolds : 2408856806

MLS ID:

DCDC2198408

Interior

• Basement: Full
• A/C: Central A/C
• Heating: YForced AirNatural Gas
• Disability Feature: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Deborah K Reynolds, Keller Williams Realty