Washington, DC 20002 1451 Maryland Avenue NE

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Presented By: TTR Sotheby's International Realty
  • MLS# DCDC2175008
  • 03/11/2025
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  • SQFT • 4,371

Home Details

An exceptional turn-key, mixed-use investment opportunity in Northeast DCs 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, DCs most dynamic and evolving neighborhoods.
Presented By: TTR Sotheby's International Realty

Interior Features for 1451 Maryland Avenue NE

Other Interior Features

Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric
Total Stories4

General for 1451 Maryland Avenue NE

Accessibility2+ Access Exits, Level Entry - Main
Association Fee0.00
Association Recreation FeeN
Business TypeRestaurant/Bar
Cap Rate6.30
CityWASHINGTON
Construction MaterialsBrick
Cool FuelElectric
CoolingCentral A/C
CountyWASHINGTON
DirectionsOn the corner of Maryland and 15th
Electric Expense0.00
Fuel Expense0.00
Gross Income165100.00
HeatingForced Air
Insurance Expense1800.00
Legal SubdivisionOld City 1
Lot Size Square Feet1057.00
Lot Size UnitsSquare Feet
MaintenanceExpense1500.00
ModificationTimestamp2025-03-26T10:33:16
Net Operating Income151600.00
New ConstructionNo
Number Of Units Total2
Operating Expense13500.00
OwnerPaysInsurance, Taxes - Real Estate
OwnershipFee Simple
PossessionSettlement
Possible UseRestaurant, Investment, Mixed Use, Residential
Price Per Sq Ft Total AG549.07
Property ConditionExcellent
Property SubtypeMixed Use
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount26516.0
Tax Assessed Value2364190.0
Tax Lot14
Tax Year2024
Total Actual Rent165100.00
TransportationMetro/Subway Station 1 to 3 miles, Bus Stop less than 1 mile
Trash Expense0.00
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1900
Year Built SourceAssessor
ZoningNMU-4/H-A

Exterior for 1451 Maryland Avenue NE

Building Area Total4371.00
Car Parking Spaces
Fencing Y/NN
Land Assessed Value304100.00
Land Use Code
Lot Size Acres0.02
Lot Size SourceAssessor
Navigable Water Y/NNo
Parking FeaturesPublic
Soil TypesUnknown
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $2,400,000
MLS#DCDC2175008
List Date 03/11/2025
Property Type Commercial
Phone 703.929.4729
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