1451 Maryland Ave NE

1451 Maryland Ave NE Washington, DC

List Price
$2,400,000

1451 Maryland Ave NE

1451 Maryland Ave NE Washington, DC

List Price
$2,400,000

An exceptional turn-key, mixed-use 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.

4,371 Sq.Ft. LIVING AREA

1,057 Sq.Ft. lot

Daniel Heider

Daniel Heider

Thanasi  Anagnostopoulos

Thanasi Anagnostopoulos

Features & Amenities

Interior

  • APPLIANCES Electric Water Heater

Area & Lot

  • Status For Sale
  • Living Area4,371 Sq.Ft.
  • Lot Area1,057 Sq.Ft.
  • MLS® IDDCDC2175008
  • TypeCommercial
  • YEAR BUILT1900
  • NeighborhoodWashington, DC

Exterior

  • STORIES4
  • water SourcePublic
  • parkingOn Street
  • HEAT TYPEForced Air, Natural Gas
  • AIR CONDITIONINGCentral Air
  • sewerPublic Sewer

Financial

  • Sales Price$2,400,000
  • Real Estate Tax $26,516/yr
image

Schedule a Tour

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 1451 Maryland Ave NE, Washington, DC 20002. We are reviewing your request and will be in touch shortly!

Washington, DC

Explore

Your Home Is
Just The Start

link