$2,349,900

1451 Maryland Avenue Ne, Washington, DC, 20002

  • 2 Beds
  • 4,400 Sqft
  • 1
    Views for last 30 days
  • 2
  • MLS#DCDC2243332

About the Property

An exceptional turn-key, mixed-use investment opportunity in Northeast DC’s rapidly growing Starburst Intersection, just minutes from the newly approved $3.7 billion RFK Stadium redevelopment that will transform the area with a new stadium, retail, housing, and expansive green space. Situated on a prominent corner lot, this fully renovated 2021 asset offers stable, long-term income with minimal ow
An exceptional turn-key, mixed-use investment opportunity in Northeast DC’s rapidly growing Starburst Intersection, just minutes from the newly approved $3.7 billion RFK Stadium redevelopment that will transform the area with a new stadium, retail, housing, and expansive green space. Situated on a prominent corner lot, this fully renovated 2021 asset offers stable, long-term income with minimal owner expenses, generating $156,935 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 in a Triple Net lease until 4/1/2031. 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 until 5/1/2026. 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.
  • Property type

    Other

  • Year built

    1900

  • Price/sqft

    $534

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1451 Maryland Avenue NE, Washington, DC 20002, District of Columbia, United States View on Google Maps
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Daniel Heider

Joined 11 years ago
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Daniel Heider
District of Columbia, United States
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27
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2017
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TTR Sotheby's International Realty
TTR Sotheby's International Realty
1400 16th St. NW Suite 730, 20036, Washington, District of Columbia, United States
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Since 1988, real estate professionals at TTR Sotheby’s International Realty have
ranked among the highest perfo
Since 1988, real estate professionals at TTR Sotheby’s International Realty have
ranked among the highest performing in the nation, and are regarded for their
integrity, professional service, and community leadership. 

Through our relationship with the venerable Sotheby’s auction house, TTR
Sotheby’s International Realty produces extraordinary results for our clients by
leveraging proprietary global marketing, cutting edge digital strategies, and
unrivaled access to the most affluent and discerning global clientele.
Last updated
February 24
First listed
Jan 28
Listing reference
4ZB644
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