An exceptional turn-key, mixed-use residential/commercial investment opportunity in Northeast DC’s 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, DC’s most dynamic and evolving neighborhoods. **The price listed reflects the sale of the entire building, which includes both the residential penthouse and the ground-floor commercial unit—offered together as a single, income-producing asset (see MLS #DCDC2175008 for full scope). The square footage in this listing pertains specifically to the residential unit - the building's total finished square footage is approximately 4,400sqft.**
Coming soon
$2,400,000
1451 Maryland Ave NE, Washington, DC 20002
2beds
2,000sqft
Est.:
Townhouse
Built in 1900
1,057 Square Feet Lot
$-- Zestimate®
$1,200/sqft
$-- HOA
What's special
- 1 day
- on Zillow |
- 48 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: May 07, 2025 at 03:32am
Listed by:
Daniel Heider 202-938-3685,
TTR Sotheby's International Realty,
Co-Listing Agent: Thanasi Anagnostopoulos 240-855-7672,
TTR Sotheby's International Realty
Source: Bright MLS,MLS#: DCDC2199272

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,000
- Total interior livable area: 2,000 sqft
- Finished area above ground: 2,000
Property
Parking
- Parking features: Public, On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Patio & porch: Roof Deck
- Exterior features: Balcony
- Pool features: None
Lot
- Size: 1,057 Square Feet
- Features: Unknown Soil Type
Details
- Additional structures: Above Grade
- Parcel number: 1050//0014
- Zoning: NMU-4/H-A
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Brick
- Foundation: Slab, Other
Condition
- Excellent,Very Good
- New construction: No
- Year built: 1900
- Major remodel year: 2021
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Old City #1
HOA
- Has HOA: No
Location
- Region: Washington
Financial & listing details
- Price per square foot: $1,200/sqft
- Tax assessed value: $2,364,190
- Annual tax amount: $26,516
- Date on market: 5/9/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
- Total actual rent: 165100
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