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  • $2,400,000

    1451 Maryland Ave NE, Washington, DC 20002

    2beds
    2,000sqft
    : 
    Townhouse
    Built in 1900
    1,057 Square Feet Lot
    $-- Zestimate®
    $1,200/sqft
    $-- HOA

    What's special

    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.**
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    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#: DCDC2199272MLS Logo
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    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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