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2326 Nicholson St
For Sale $600,000 ($227.88 per Sq Ft)
$600,000 ($227.88 per Sq Ft)
- 4 Bedrooms
- 2 Bathrooms
- 2,633 Sq Ft
- 4,500 Sq Ft
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!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $600,000 |
| Property Type | Single Family Homes |
| Usable Sqft | 2,633 |
| Number of Stories | 0 stories |
| Parking Spots | 1 spots |
| Year Built | 1907 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5560//0006 |
| MLS # | DCDC2198408 |
| Property ID | 319511089 |
| Lot Sqft | 4,500 |
| Zoning | RA-2 |
| Days on Market | 203 |
| Original List Price | Unknown |
| Date Updated | December 09, 2025 |
| Date Created | May 20, 2025 |
Listing Provided By
Deborah K Reynolds an agent of Keller Williams Chantilly Ventures. Lic #BR98374317
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Data last updated: December 09, 2025.
Robert Crawford
REAL ESTATE AGENT