Description

???? Unique Washington, DC Development Opportunity: 2 Homes for 1 Price!

The list PRICE REPRESENTS THE OPENING OFFER AMOUNT. AGENTS - PLEASE VIEW AGENT REMARKS IN BRIGHT MLS.

Please schedule all showings online through ShowingTime.

Offers will be accepted through Monday, September 22, 2025, at 5:00 pm.

AT SELLER'S DISCRETION, AN OFFER MAY BE ACCEPTED AT ANY TIME.

???? Address: 4839 Jay Street NE, Washington, DC 20019
????? Includes: Existing Home + Two Additional Buildable Lots
???? Total Land Area: Approx. 11,524 sq ft (Combined)
????? Zoning: R-2 (Residential, Semi/Detached)
???? Ideal for: Developers & FHA 203(k) Homebuyers

???? At-A-Glance
Don’t miss this rare opportunity to own not just a home, but a future development site. For one bundled price, you get:

? A classic 3-bedroom, 2-bathroom detached home on two lots (0032 & 0033)
? Two adjacent vacant lots (0034 & 0801) zoned R-2 and ready for new construction
? A combined assemblage totaling over 11,500 sq ft of land
? Perfect for new builds, additions, guest homes, or long-term investments
? Located in sought-after Deanwood, one of DC’s most promising growth zones

???? Existing Home — 4839 Jay Street NE
Type: Detached, 2-story + Basement
Bedrooms/Baths: 3 BR / 2 BA
Living Area: 1,200–1,602 sq ft
Lot Size: 4,762 sq ft
Year Built: 1924
Features: Brick exterior, original hardwoods, hot water heating
Condition: Livable and eligible for FHA 203(k) renovation financing
With some updates and TLC, this home has fantastic value-add potential—perfect for a homebuyer looking to build equity or an investor seeking returns.

???? Vacant Lots — Jay Street NE (Lots 0034 & 0801)
Zoning: R-2 (Low-Density Residential)
Size: Combined approx. 6,762 sq ft
Zoning Potential: Detached or Semi-Detached Homes
Build Guidelines:
Minimum Lot Area: 4,000 sq ft
Max Height: 40 ft (3 stories)
Max Lot Occupancy: 40%
Setbacks: 20 ft rear, 8 ft side
Developers can build new housing in a neighborhood that is already experiencing growth and revitalization. The site offers flexible configurations and excellent scale possibilities.

???? Development + Financing Scenarios
For Developers:

Build & Sell: Construct 1–2 new homes next to an income-producing unit
Live & Build: Renovate the main house and develop additional lots in phases
For FHA 203(k) Buyers:

Finance Renovations: Use HUD’s renovation program to upgrade the existing home
Future Expansion: One loan can fund purchase and renovation, or even site work on adjacent lots

???? Location Highlights:
Minutes to Minnesota Ave & Benning Road Metro Stations
Easy commute to Capitol Hill or downtown DC
Nearby amenities: Marvin Gaye Park, Deanwood Library, schools, & shopping
Located on a quiet, residential block with upward neighborhood trends
???? One Property. Two Houses. Limitless Potential.
Whether you're a developer seeking new build opportunities or a homebuyer ready to design your dream home with expansion potential, this property delivers uncommon flexibility and long-term upside.

? Two houses for the price of one. Renovate and build your future. ?

???? Schedule a Tour or Strategy Consult Today!
???? Anthony R. Bolling, JD, CCIM
???? Associate Broker | Keller Williams Preferred Properties
Let’s explore how your next home—or investment—starts right here on Jay Street NE.