Neighborhood Profile - River Terrace, DC
As the name alludes, River Terrace is located along the banks of the Anacostia river to the west and bordered by major roadways - Benning Rd to the north, East Capitol to the south, and 295 to the east. This location is a key factor in making the neighborhood what is is today, and my prediction is that it will play an equally significant role in the future of the neighborhood, although in a very different way.
Despite its close proximity to downtown DC, River Terrace has historically seemed isolated from the “mainland” and other surrounding NE neighborhoods by the river and framework of roadways that route large volumes of traffic around its borders, but offer few entry and exit points to the neighborhood. Today, this geography provides a unique connection to the surrounding neighborhoods and all signs point to future development increasing transportation options and connectivity.
Located 3 miles east of Union Station, River Terrace has a similar proximity to Downtown as Petworth or Cleveland Park. Historically, the options for coming and going from the neighborhood have been limited to car or bus, but recent developments have and will continue to improve mobility for River Terrace residents.
The Anacostia Riverwalk trail is one of these options and offers miles of off-street biking trails connecting River Terrace to destinations such as Nationals Park (4.3 miles), Eastern Market (2.8 miles), and Capitol Riverfront (3.7 miles). The H Street/Benning Streetcar line has a stop less than a mile away at Oklahoma Ave and Benning Rd, and future planned expansion will bring a stop to the neighborhood and provide a quick connection to the Benning Rd Metro located 1.5 miles east.
A nearby major development likely to have a significant impact on River Terrace is the redevelopment of RFK, located 1 mile away across the East Capitol Street Bridge. The planned redevelopment includes the construction of pedestrian bridges across the Anacostia directly connecting the neighborhood to Kingman Island and the RFK campus.
River Terrace was recently featured in the Washington Post’s “Where We Live” series, where it is appropriately described as a “modest, under-the-radar neighborhood of neat rowhouses, duplexes and a few rental apartment buildings”. The majority of these residential properties were built between 1937 and 1958 with little development in the last 60 years. River Terrace has also made the news recently as the location for a planned 59 unit multifamily development at the intersection of Eads Street and 36th St NE.
Between July 2016 and July 2017 there were 30 home sales ranging in price from $152,500 to $372,500 with an average sales price of $263,528. Most homes are 2-3 level rowhouses ranging in size from 800-1300 square feet with 2-3 bedrooms and 1-2 bathrooms. Many homes have off street parking accessed via an alley.
Interested in seeing what’s on the market today in River Terrace and Lily Ponds? Click here to see all of the active listings.