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22266161
22266174

1451 Maryland Ave NE, Washington, DC 20002

DH
DC SP98373256
HEIDER HQ - TTR SOTHEBY'S INTERNATIONAL REALTY
Listed by HEIDER HQ - TTR SOTHEBY'S INTERNATIONAL REALTY
$2,400,000
482 days on market
Updated 43 days ago

1451 Maryland Ave NE

Details
Property Type Mixed Use, Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 4,371
Cap Rate 6.30%
Lot Size (SqFt) 1,057

Mixed Use | Investment Opportunity

Marketing description

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.

Listing Contacts

DH
DC SP98373256
HEIDER HQ - TTR SOTHEBY'S INTERNATIONAL REALTY
Listed by HEIDER HQ - TTR SOTHEBY'S INTERNATIONAL REALTY

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Zoning

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NMU-4/H-A MixedMixed UseNeighborhood Mixed Use H Street
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View all 21 uses
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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