1445 Park Road NW Update 12/18/23

Columbia Heights Multifamily Acquired for $8.7M

Novo Development has acquired the multifamily property at 1445 Park Road NW for $8,782,000. The building, constructed in 1930, features 54 units. The property currently offers 15 studio units with 39 one-bedrooms. There is an additional opportunity to add 13 units to the cellar & penthouse levels of the property.

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