TOWNHOUSE / MULTI-FAMILY DEVELOPMENT @ PARK MORTON. SELLER FINANCING OR SETTLEMENT UPON ENTITLEMENT AVAILABLE. Prime Residential Development Opportunity Across from the newly-built Park Morton Apartments! This expansive 6,740 SQF flat lot with an existing end-of-row rowhouse presents a rare chance to capitalize on RA-3 zoning, allowing moderate-density residential development. Key zoning highlights include an FAR of 3.0, lot occupancy of 75%, and a building height allowance of up to 60 feet. This property offers versatile options for developers, including (9) townhouse or "2 over 2" condos , a traditional 24-unit multifamily building, or even assisted and senior-living facilities. By-right development provides upwards of 25,520 total square feet (20,220 above grade + 5,055 below grade). Development above (9) units is subject to additional bonuses and covenants required by the IZ+ program overlay. Contact the listing agent for more detailed studies, including a massing study for a 24-unit apartment concept. Renderings and documentation are available for review but are for informational purposes only. Buyers are encouraged to perform their own due diligence with zoning attorneys, architects, and civil engineers.
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Zillow last checked:
Listing updated:
Listed by:
Chris Burns202-251-7465,
TTR Sotheby's International Realty
Source: Bright MLS,MLS#: DCDC2262246
Facts & features
Property
Lot
Size: 6,740 Square Feet
Dimensions: 41'6 x 162'7
Features: Unknown Soil Type
Details
Parcel number: 3040//0034
Zoning: RA-3
Special conditions: Standard
Utilities & green energy
Sewer: Public Septic
Water: Public
Community & HOA
Community
Subdivision: Park View
HOA
Has HOA: No
Location
Region: Washington
Financial & listing details
Tax assessed value: $845,830
Annual tax amount: $7,190
Date on market: 5/15/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Negotiable,Seller Financing,Private Financing Available