Some opportunities require vision. Others require timing. The rarest opportunities offer both, with nothing left standing between acquisition and execution. Introducing The Eastlight, a 10-unit boutique condominium development opportunity positioned just off the H Street Corridor, one of Washington's most active growth corridors where residential demand, retail expansion, and long-term neighborhood investment continue to converge. This is not a concept or a pursuit. This is a fully realized development opportunity where the hard work has already been completed. Zoning is secured. Architectural plans are complete. Construction permits are approved. The path forward is clear for a developer who understands the value of momentum. Designed by respected DC firm 2Plys Architecture, the building balances efficiency and market appeal with a unit mix proven to perform in this submarket. The program includes two three-bedroom penthouse residences, six two-bedroom homes designed for end-user demand, and two one-bedroom residences ideal for attainable price points. Two on-site parking spaces further strengthen resale positioning. With approximately 7,414 square feet of gross building area and 5,862 square feet of sellable residential space, the project is sized for execution without institutional complexity while still offering meaningful revenue potential. Estimated construction costs between $1.2M and $1.5M position the project for strong margins based on projected sellout values between $3.4M and $3.9M. Projects at this stage rarely trade. The entitlement process in Washington can take a year or more. Here, that timeline has already been absorbed. The next owner steps into a position of readiness, not risk. The Eastlight represents what experienced developers seek most: certainty, speed, and location strength. For the right buyer, this is not just another project. This is a chance to control a fully prepared development in a neighborhood still writing its growth story. (2) Expansive three-bedroom penthouses across the top two levels (6) Intelligently sized two-bedroom units (2) Boutique one-bedroom flats (2) On-site parking spaces Total gross area: 7,414 SF | Net living: 5,862 SF Nearby amenities and development drivers: H Street Corridor dining & nightlife, 0.3 miles Whole Foods Market, 0.6 miles Union Market District, 1.2 miles Union Station transportation hub, 1.4 miles Gallaudet University, 0.8 miles Streetcar access along H Street, 0.3 miles
Listed by Marc Cashin of Corcoran McEnearney

Listing Tools

Property Details of 1938 I Street NE

Property Details

Interior Features

Exterior Features

Utilities and Appliances

Community

Finance

Map Location

Copyright 2026 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Active Adults Realty® participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated May 16, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to be contacted by the Active Adults Realty® via call, email, and text. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Message and data rates may apply. For more information read our Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.