2326 Nicholson St SE Washington, DC 20020
Fairlawn NeighborhoodEstimated payment $3,854/month
Total Views
5,935
4
Beds
2
Baths
2,633
Sq Ft
$247
Price per Sq Ft
Highlights
- Tudor Architecture
- 1 Car Detached Garage
- Forced Air Heating and Cooling System
- No HOA
- Porch
About This Home
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!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,542
Year Built
- Built in 1907
Lot Details
- 4,500 Sq Ft Lot
- Property is zoned RA-2
Parking
- 1 Car Detached Garage
- Rear-Facing Garage
Home Design
- Tudor Architecture
- Brick Exterior Construction
Interior Spaces
- Property has 2 Levels
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
Outdoor Features
- Porch
Schools
- Orr Elementary School
- Kramer Middle School
- Anacostia Senior High School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Community Details
- No Home Owners Association
- Anacostia Subdivision
Listing and Financial Details
- Tax Lot 6
- Assessor Parcel Number 5560//0006
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,542 | $416,750 | $169,340 | $247,410 |
| 2023 | $3,416 | $401,830 | $164,160 | $237,670 |
| 2022 | $3,112 | $366,100 | $157,770 | $208,330 |
| 2021 | $2,914 | $342,800 | $153,810 | $188,990 |
| 2020 | $2,853 | $335,610 | $148,050 | $187,560 |
| 2019 | $2,657 | $312,530 | $144,500 | $168,030 |
| 2018 | $2,403 | $282,750 | $0 | $0 |
| 2017 | $2,287 | $269,050 | $0 | $0 |
| 2016 | $1,730 | $203,490 | $0 | $0 |
| 2015 | $1,641 | $193,080 | $0 | $0 |
| 2014 | $1,452 | $170,780 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | Price Changed | $650,000 | -13.3% | $247 / Sq Ft |
| 05/21/2025 05/21/25 | For Sale | $750,000 | -- | $285 / Sq Ft |
Source: Bright MLS
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $193,500 | New Conventional | |
| Closed | $216,000 | New Conventional |
Source: Public Records
Similar Homes in Washington, DC
Source: Bright MLS
MLS Number: DCDC2198408
APN: 5560-0006
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