Prime Dupont Circle Multi-Family Redevelopment Opportunity in Washington, D.C. To Be Sold at Foreclosure Auction on November 12, 2025

22 Oct, 2025 - Tranzon Key

As seen on BISWIRE

Oct. 22, 2025 — Tranzon Key, a leader in real estate auctions and accelerated marketing, today announced the forthcoming foreclosure auction of a significant vacant property located at 1322-1326 18th Street NW in Washington, D.C.’s highly desirable Dupont Circle neighborhood. This offering represents a rare and substantial value-add opportunity for experienced real estate investors and developers seeking a high-density, multi-family project in a core urban market.

The three-story structure, originally built in 1870 and previously utilized as a school, is ideally positioned for a comprehensive gut renovation and expansion. Plans are in place to redevelop the asset into a residential building featuring 56 units across an estimated gross building area of 24,754 square feet.

A Prime Value-Add Asset

The property’s location in Dupont Circle—a historic, high-traffic, and amenity-rich neighborhood—is a critical factor in its appeal. This highly sought-after D.C. neighborhood consistently commands strong rental and sales rates, providing a compelling foundation for the projected 56-unit development.

“This is a blue-chip asset in one of Washington D.C.’s most dynamic submarkets,” stated Jeff Stein, a managing partner and broker for Tranzon Key. “The combination of a prime, historic location and the existing plans for 56 units offers immediate scale and a clear path to generating exceptional value. We anticipate strong interest from developers looking to establish a premier residential footprint in the heart of the city.”

Foreclosure Auction Details

The Foreclosure Auction is being conducted by Tranzon Key on behalf of Substitute Trustee Michael G. Gallerizzo, pursuant to a Deed of Trust. The foreclosure auction will be held November 12, 2025, at 12:00 PM ET at 1725 I Street NW, Suite 300, Metro Offices, Washington, DC 20006. All interested parties are strongly encouraged to conduct thorough due diligence and review the Property Information Package, which contains terms and conditions of the auction and the sales contract.

Property Summary: 

Address: 1322-1326 18th Street NW, Washington, DC 20036

Asset Type: Vacant three-story structure for multi-family conversion

Proposed Scope: 56 residential units, 24,754± SF gross building area

Neighborhood: Dupont Circle

2024 Assessed Value: $5,558,670

Contact:

Jeff Stein, Tranzon Key, 703-539-8111

jstein@tranzon.com

For More Information: www.tranzon.com/key5135

Contact Jeff Stein at jstein@tranzon.com