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Hot Chinatown Properties

Washington D.C.’s Chinatown properties are in one of the city’s more eclectic neighborhoods, with flashing lights and that iconic and ornate “Friendship Archway” over H Street.

While Chinatown does have a good number of Asian eateries, this is an increasingly diverse pocket of the city and real estate here is in high demand. Chinatown properties are in a long-established developed area, so the majority of properties on the market are turnovers. But a few new projects are in the works, so home buyers or renters set on having a brand new space to break in may find some opportunities here, although they’re among the more expensive in the city.

Chinatown properties put residents quite close to the Verizon Center, which anchors the neighborhood.  The Spy Museum and National Portrait Gallery are here, as are so many restaurants and bars.

Active listings for Chinatown properties have been on the rise the past few months, with selections that include a two-bedroom, two-bath condo at 601 Pennsylvania Avenue NW. This condo is 1,118 square feet and has outstanding views of the Capitol from the rooftop decks. It lists for $574,999. Condo fees are $917 per month.

Nearby, a more affordable condo at 915 E St. NW lists for $389,000. At 668 square feet, it’s a one-bedroom, one bath unit with a walk-in closet, balcony and numerous luxury upgrades like granite countertops and bamboo floors. Its building includes a gym and a garage parking space may be sold separately. Condo fees for this unit are $487 per month.

The condos are Residences at Gallery Place at 777 7th Street NW are among the newer Chinatown properties. The building was built in 2005, but there are likely some condos on the market today. They range from the high $300s to the low $700s and include one- and two-bedrooms.

Chinatown is a lively and convenient place to live and there are plenty of options on the market now in hot Chinatown properties.

For More Information:

Rock Creek Real Estate: http://www.rcrdc.com/chinatown.php

Gallery Place: http://www.galleryplace.com/

601 Pennsylvania Avenue condo listing: http://www.rcrdc.com/listing/dc8100373-601-pennsylvania-ave-nw-401-washington-dc-20004/

915 E St. NW condo listing: http://www.rcrdc.com/listing/dc8126007-915-e-st-nw-1107-washington-dc-20004/

Chinatown, Wikipedia: http://en.wikipedia.org/wiki/Chinatown_(Washington,_D.C.)

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