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MJ Frazier

mj@razr.group +1(571) 263-4154

Listed by Daniel Heider • TTR Sotheby's International Realty

$ 2,349,900

Est. payment | -/mo

4,400 SqFt

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$ 2,349,900

Est. payment | -/mo

Save Virtual Tour

4,400 SqFt

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 4,400 sqft

Price per Sqft $534

Subdivision Old City #1

MLS Listing ID DCDC2243332

Style Other

Abv Grd Liv Area 3,150

Year Built 1900

Available Date 2026-09-19

Annual Tax Amount $29,963

Tax Year 2025

Lot Size 1,057 Sqft

Acres 0.02

Property Sub-Type Other

Source BRIGHT

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.

Location

State DC

County Washington

Zoning NMU-4/H-A

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 2+ Access Exits, Level Entry - Main

Garage N

Building

Above Ground Finished SqFt 3150

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

High Schools Dunbar Senior

School District District Of Columbia Public Schools

Others

Tax ID 1050//0014

Ownership Fee Simple

SqFt Source 4400

Special Listing Condition Standard

Virtual Tour https://vimeo.com/1098203943?share=copy#t=0

NEARBY SCHOOL & BUSINESS

+1(571) 263-4154

mj@razr.group

1765 Greensboro Station Pl, McLean, VA 22102-3464, USA

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1451 MARYLAND AVE NE Washington, DC 20002