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Final Tours Wednesday: 39 Unit Logan Circle Apartment Building For Sale | Listed by UrbanLand Company

Final Tours Wednesday: 39 Unit Logan Circle Apartment Building For Sale

The final building tours for this 39 unit apartment building are Wednesday, 7/31 starting at 9:30am, followed by a call for offers. Email us or Text/call 202.320.9976 to participate.

The Henrietta Condominium, located at 933 N St, NW in the premium Logan Circle neighborhood is drawing lots of attention since its launch. “We saw several interested parties in this $10 million listing during last week’s tours and are open again this Friday due to interest in the property,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “This building offers 39 units worth of NW DC rental income while still being a very buyable size acquisition for the individual real estate investor.”

933 N Street, NW – Building Details

Located in one the most active real estate sub-markets in Washington, the property consists of a 39-unit condominium project situated on a 5,880 square-foot lot (49’ x 120’), with a side lot of approximately 2,940 square feet (24.5’ x 120’). The building is 5 floors plus a lower level. The property is zoned RF-1, with a certificate of occupancy for 39 units (Square 0367, Lots 2001-2039). It abuts a 20’ alley at the rear. The building is currently listed for sale at $10 million (see it on Loopnet).

“The buyer of this building can generate an ROI a number of different ways.  A summary follows with some of the ways you make this property make a return for you,” continued Gerard. “Feel free to reach out if you can’t make it by on the tour day and still want to explore purchasing.”

Email us or Text/call 202.320.9976 to participate

Final Tours Wednesday: 39 Unit Logan Circle Apartment Building For Sale | Listed by UrbanLand Company



The listing represents a fabulous opportunity in an area that has experienced a tremendous influx of new residents in recent years. This lovely, 5-story brick Victorian in the Shaw Historic District has curb appeal, a deep lot, and windows on all sides, all in a prime location. The property was converted to condominiums in 1986, and held and operated as a rental property investment by a small group of investors. The major systems are in place. Of note, it has an elevator, individual HVAC units, and hookups for individual washers and dryers. It has been updated with modern wiring, plumbing, HVAC, kitchens and baths. There is a side lot for potential development.

The property is fully leased. The prospective purchaser could take several approaches to this investment opportunity, each of which involves working successfully with the tenants’ association, so experience in that regard is essential.

1)The purchaser could purchase with cash or private financing in conjunction with an agreement with the tenants to vacate, then sell the individual units to owner occupants at market prices.

2) The buyer could purchase (possibly in a 1031 exchange) while retaining the tenants, increase the below-market rents to market rents over time, and continue to operate the property as an investment rental property.

3) The buyer could secure financing via DHCD’s LIHTC program or other public financing mechanism and continue to operate the property as a rental investment under the terms of that financing in exchange for low income tax credits or other benefits.

Final Tours Wednesday: 39 Unit Logan Circle Apartment Building For Sale | Listed by UrbanLand Company


933 N Street, NW is located in the Logan Circle / Shaw section of DC, with its upscale retail and vibrant urban scene, within a historic neighborhood of lovely Victorians and tasteful, modern new construction. This is a prime location for urban living. Grocery stores, eateries, coffee shops, yoga studios, and retail boutiques abound. Blagden Alley and Naylor Court provide a glimpse into the city’s past, with stables, carriage houses, and shops situated behind grand row houses.

The Washington Convention Center is only 1 block away, as is the new City Market at O Street, and the shining, new Marriott Marquis is 3 blocks away. The booming 14th Street corridor is 5 blocks away and City Center, with its high end shops, hip dining, and cultural spaces is within 6 blocks. Chinatown, the Verizon Center, the National Portrait Gallery, and the National Building Museum are also close by.

Final Tours Wednesday: 39 Unit Logan Circle Apartment Building For Sale | Listed by UrbanLand Company


The subject location is considered a 96 “Walker’s Paradise” and 95 “Biker’s Paradise” by WalkScore, and is in the 6th most walkable neighborhood in Washington. It is also a 97 “Rider’s Paradise” due to its world-class public transportation; it is 0.2 miles from the METRO Green and Yellow lines, car sharing is available from Zipcar, Hertz On Demand and RelayRides, and there are excellent bike lanes.





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