4839 Jay Ne Street NE, Washington, DC 20019

Property 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.