Religious Multifamily Property | 831 Varnum St NE
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Religious Multifamily Property 831 Varnum St NE
29 Unit Dormitory $5,400,000 ($186,207/Unit) Washington, DC 20017
Investment Highlights
- Special use - student housing, group home, or religious house
- Full commercial kitchen with walk-in refrigerator/freezer space.
- Excellent move-in ready condition.
- Multiple (10+) offices, common areas, libraries, and storage rooms that could be utilized as additional bedrooms.
Executive Summary
831 Varnum St NE, Washington, DC is a four-story, 18,616± SF building ideal for student housing, group home, or religious
house. It boasts move-in ready condition, having been well maintained and recently renovated. Along with over 32 current
bedrooms and offices, the property’s extensive amenities include a full commercial kitchen, group dining area with
outdoor patio seating, existing chapel, various room layouts, multiple common areas and libraries, elevator service, excess
land for parking expansion, backup power generator, and a full sprinkler system. This meticulously maintained property, with
recent roof replacement and excess power capacity, presents an unparalleled opportunity for purchasers seeking a prestigious
and versatile asset in a prime Washington DC location.
house. It boasts move-in ready condition, having been well maintained and recently renovated. Along with over 32 current
bedrooms and offices, the property’s extensive amenities include a full commercial kitchen, group dining area with
outdoor patio seating, existing chapel, various room layouts, multiple common areas and libraries, elevator service, excess
land for parking expansion, backup power generator, and a full sprinkler system. This meticulously maintained property, with
recent roof replacement and excess power capacity, presents an unparalleled opportunity for purchasers seeking a prestigious
and versatile asset in a prime Washington DC location.
Property Facts
| Price | $5,400,000 | Building Class | B |
| Price Per Unit | $186,207 | Lot Size | 0.80 AC |
| Sale Type | Investment | Building Size | 18,616 SF |
| No. Units | 29 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Dormitory |
| Price | $5,400,000 |
| Price Per Unit | $186,207 |
| Sale Type | Investment |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Building Class | B |
| Lot Size | 0.80 AC |
| Building Size | 18,616 SF |
| No. Stories | 4 |
| Year Built | 1935 |
Site Amenities
- Elevator
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Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 3810-0135 | Improvements Assessment | $1,648,690 |
| Land Assessment | $2,524,450 | Total Assessment | $4,173,140 |
PROPERTY TAXES
Parcel Number
3810-0135
Land Assessment
$2,524,450
Improvements Assessment
$1,648,690
Total Assessment
$4,173,140
zoning
| Zoning Code | RA-1 |
| RA-1 |
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Power Broker Sally Ludwig -
Power Broker Kahu Ludwig -
Jonathan Reneau -
Power Broker Jeffrey Ludwig -
NAI The Michael Companies, Inc.
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Religious Multifamily Property | 831 Varnum St NE
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