1451 Maryland Avenue NE, Washington, District of Columbia

Property for Sale in Washington

1451 Maryland Avenue NE, Washington, DC

  • CA$2,964,869
    • CA$2,964,869

    Property for Sale in Washington

    1451 Maryland Avenue NE, Washington, DC

    • CA$2,964,869
      • CA$2,964,869

      Key Facts

      • MLS® #: DCDC2243332
      • Property ID: SIRC3077050
      • Original Price: USD 2,349,900
      • Property Type: Residential, Other
      • Year Built: 1900

      Property Description

      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.

      Amenities

      • Central Air

      Listing Agents

      • Daniel Heider

        C. 7037857820

        O. 7037857820

      • Thanasi Axaopoulos

        C. 2408557672

        O. 2408557672

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      Location

      1451 Maryland Avenue NE, Washington, District of Columbia, 20002 United States

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      Marketed By

      TTR Sotheby's International Realty
      1515 14th Street NW
      Washington, District of Columbia, 20005
      United States

      2022343344

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