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MLS: #DCDC2223452, Listed By: George Giamas, Long & Foster Real Estate, Inc., Source:Bright MLS

1234 New Jersey Avenue

WASHINGTON, DC 20001

$995,000 $4,194/Mo

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Overview

0.08

Acre(Lot)

Description

Just reduced!! Prime Development Opportunity An exceptional opportunity to acquire one of the very few remaining vacant lots in the heart of downtown Washington, DC’s vibrant Mt. Vernon Square neighborhood. 1234 New Jersey Avenue NW offers matter-of-right development potential for two residential units (purchaser to verify zoning and development capabilities). Historically comprised of three separate lots improved with three row homes, the property is now consolidated into a single lot — presenting intriguing redevelopment possibilities in a highly desirable urban core location. Investment Highlights Matter-of-Right Development – Potential for two residential units (buyer to confirm zoning). Rare Vacant Lot – One of the last remaining undeveloped parcels in this prime downtown neighborhoo d. Central Location – Positioned in the dynamic Mt. Vernon Square corridor. Transit-Oriented – Convenient access to multiple Metro stations and major commuter routes. Walkable Urban Lifestyle – Steps from parks, acclaimed restaurants, retail, and neighborhood amenities. Strong Residential Demand – Surrounded by established row homes, new condominium developments, and luxury apartments. Premier Downtown Setting Located in the heart of Mt. Vernon Square, the property benefits from immediate proximity to the Walter E. Washington Convention Center, CityCenterDC, and the Shaw corridor. The neighborhood continues to experience sustained residential growth, retail expansion, and long-term investment stability. This is a rare opportunity for a developer or investor to secure a foothold in one of Washington, DC’s most centrally located and supply-constrained neighborhoods.

Property Details

Property Type : Land

Price : $995,000

AD Id : 72412454

MLS Id : DCDC2223452

Lot Size : 0.08 Acre(Lot)

County : WASHINGTON

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Features

Lot Information

Lot Size Acres: 0.08 Lot Size Source: Assessor Lot Size Square Feet: 3600

Listing Price Information

Listing Price: $995000

Tax Information

Parcel Number: 0523//0871 Tax Lot: 871 Tax Year: 2024 Annual Tax: $92299

Location Information

Direction: New Jersey Avenue Just north of M Street NW WaterSource: Public

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ByOwner last updated this listing 06/14/2026 @ 14:38

MLS: DCDC2223452 LISTED BY: George Giamas, Long & Foster Real Estate, Inc. 202-966-1400 SOURCE: Bright MLS