Marcus & Millichap is pleased to exclusively present 2703 12th Street NE, a mixed-use asset located in the highly desirable and rapidly evolving Brookland neighborhood of Northeast Washington, D.C. Offered at $768,000, this property presents a compelling opportunity to acquire a partially leased, income-producing asset with immediate cash flow and clear upside through residential lease-up. This 2,406 SF mixed-use property consists of a street-level retail space, currently occupied with a long-term NNN lease, and two residential units (a one-bedroom unit and a two-bedroom unit) on the second and third level. Each of the residential units and the commercial space were renovated in 2021. The building also has new HVAC units and an updated roof. These renovations and balanced income stream offer investors the opportunity to acquire a mixed-use asset with in-place income and a property with no immediate capital improvement needs. After executing a lease-up strategy with the one two-bedroom residential unit, the property is projected to achieve a Pro Forma CAP rate of approximately 7.0%, driven by full occupancy and optimized rental income. The presence of a stabilized retail tenant enhances the asset’s income durability, while the residential component offers flexibility and continued demand from renters seeking well-located housing in Northeast D.C. Situated just steps from the commercial corridor along Rhode Island Avenue NE and minutes from the Brookland-CUA Metro Station, the property benefits from strong connectivity to downtown Washington, D.C. and the broader metropolitan area. The surrounding neighborhood supports a mix of retail, service-oriented businesses, and residential demand driven by proximity to transit and employment centers. The Brookland neighborhood has undergone significant transformation over the past decade, emerging as one of Northeast D.C.’s most sought-after submarkets. The nearby Monroe Street Market has become a central hub for retail, dining, and community activity, further enhancing the area’s appeal and long-term growth trajectory. With its mixed-use layout, in-place income, and clear path to stabilization, 2703 12th Street NE represents an ideal opportunity for investors seeking a value-add asset in one of Washington, D.C.’s most dynamic and expanding neighborhoods.