Rare opportunity to acquire a partially completed multifamily development in one of Washington, DC's most sought-after neighborhoods. This 14-unit condominium project offers investors and developers the chance to step into an advanced-stage development with significant construction already completed, reducing both timeline and execution risk.
Framing and roofing have been completed, allowing a new owner to focus on the remaining construction phases and accelerate the path to completion and sale. With much of the heavy structural work already in place, this project presents a compelling value-add opportunity for developers seeking to deploy capital efficiently.
Investment Highlights
14-unit condominium development
Framing completed
Roofing completed
Significant construction progress already achieved
Opportunity to complete and deliver a high-demand residential product
Located in the thriving Petworth neighborhood
Close proximity to Metro, retail, restaurants, and major commuter routes
Strong demand for new residential housing in Northwest DC
Potential for attractive returns through unit sales or long-term hold strategy
The Opportunity
For investors and developers looking to acquire a project beyond the entitlement and early construction stages, 827-829 Randolph Street NW offers a unique opportunity to take over and complete a well-positioned development. By acquiring a project with the structural shell already underway, buyers can save valuable time and focus on bringing the vision to market.
Situated in the heart of Petworth, one of DC's most established and rapidly appreciating neighborhoods, this asset combines location, scale, and existing construction progress to create an exceptional investment opportunity.
Development package, plans, permits, and additional project details available upon request.
Serious investor and developer inquiries only.
