1451 Maryland Ave NE - Apartments FOR SALE


Washington, DC 20002- Capitol Hill
$2,400,000 USD
202-938-3685
1451 Maryland Ave NE, Washington, DC for Sale
$2,400,000 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

1451 Maryland Ave NE
Washington, DC 20002
Capitol Hill


OVERVIEW

An exceptional turn-key, mixed-use investment opportunity in Northeast DC’s rapidly growing Starburst Intersection. Situated on a prominent corner lot, this fully renovated 2021 asset offers stable, long-term income with minimal owner expenses, generating $151,600 in annual NOI. With meticulously maintained spaces, built-in rental escalations, and high-caliber tenants in place, this property presents a rare opportunity for investors seeking both immediate cash flow and long-term appreciation. Anchoring the ground floor is Daru, a Michelin Bib Gourmand-awarded Indian-Nepalese restaurant, celebrated for its innovative cuisine and strong local following. Daru is three years into a 10-year NNN lease at $9,670/month, with a 3.5% annual rent escalation (April 1st). The restaurant fully maintains its space, covers 61.5% of property taxes and insurance, and funds trash services. Recognizing their success, Daru expanded operations by adding a covered outdoor dining area last year and has recently opened a second location down the street. Above, the luxurious residential penthouse is leased at $4,088/month until 5/1/2025 (tenants are highly interested in renewing). Designed for modern urban living, this open-concept loft showcases wide plank white oak floors, a striking hexagonal sunroom, high-end JennAir appliances, spa-inspired baths, and two private outdoor terraces. The property underwent a comprehensive $1M modernization in 2021, including all new MEP systems, full basement excavation to accommodate a commercial kitchen, a top-floor penthouse addition, new windows, a reimagined storefront, enhanced entryways, and the creation of two rooftop decks. With both units paying their own utilities, minimal maintenance requirements, and a high-quality NNN tenant ensuring predictable income growth, this is a truly hands-off, low-risk investment in one of Washington, DC’s most dynamic and evolving neighborhoods.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$545 USD /SF

# OF UNITS

-

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

871 SF

ZONING

NC-14

APN/PARCEL ID

1050-0014

ASK ABOUT THIS PROPERTY

Daniel HeiderTTR Sotheby's International RealtyMore Info
202-938-3685

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Daniel HeiderTTR Sotheby's International RealtyMore Info
202-938-3685

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.