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3408 18th Street Northeast, Washington, DC 20018

KG
DC SP40004522, MD MD 5020798
Marcus & Millichap - Washington, D.C.
Marcus & Millichap - Washington, D.C.
Listed by Marcus & Millichap - Washington, D.C.
$450,000
42 days on market
Updated 39 days ago

3408 18th Street Northeast

Details
Property Type Retail, Multifamily
Square Footage 1,750
Net Rentable (SqFt) 1,750
Cap Rate 5.57%
NOI $25,051
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 5.94%
Pro-Forma NOI $26,727
Year Built 1925
Year Renovated 2015
Buildings 1
Stories 2
Zoning MU-3A
Ground Lease No

Fully Leased Mixed-Use Asset in Brookland

Marketing description

Marcus & Millichap is pleased to exclusively present 3408 18th Street NE, a mixed-use asset located in the highly desirable and rapidly evolving Brookland neighborhood of Northeast Washington, D.C. Offered at $450,000, this fully leased property presents a compelling opportunity to acquire a stable, income-producing asset with a strong in-place return in one of the District’s most dynamic submarkets.

This 1,750 SF property consists of a street-level retail space and a one-bedroom residential unit on the 2nd level, providing a diversified income stream across both commercial and residential tenancy. This asset is currently 100% occupied, delivering immediate and consistent cash flow with no near-term vacancy exposure. Based on current operations, the property offers a current NOI of $25,051 and $26,727 with Year 1 rental increases.

Situated just steps from the commercial corridor along Rhode Island Avenue NE and minutes from the Brookland-CUA Metro Station, the property benefits from strong foot traffic and excellent connectivity to downtown Washington, D.C. and the greater metropolitan area. The retail

space is well-positioned to serve the surrounding residential population, while the upper-level apartment provides stable housing demand driven by proximity to transit and employment centers.

The Brookland neighborhood has undergone significant transformation over the past decade. Once known for its religious institutions and quiet residential character, Brookland has emerged as one of Northeast D.C.’s most sought-after enclaves, fueled by new development, public investment, and an influx of young professionals. The nearby Monroe Street Market has become a major destination, offering retail, dining, art studios, and community events that attract visitors from across the region. With its full occupancy, strong in-place return, and mixed-use income profile, 3408 18th Street NE represents a rare opportunity to acquire a turnkey investment in a rapidly growing and supply-constrained Washington, D.C. neighborhood.

Investment highlights

  • Mixed-Use Asset Featuring Street-Level Retail and One Residential Unit Above
  • $25,051 in Current NOI and $26,727 with Year 1 rental increases
  • 100% Occupied with Stable, Immediate Cash Flow

Listing Contacts

KG
DC SP40004522, MD MD 5020798
Marcus & Millichap - Washington, D.C.
Marcus & Millichap - Washington, D.C.
Listed by Marcus & Millichap - Washington, D.C.

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$25,051.00
$2,087.58/mo

Valuation Metrics

0
DSCR
5.57%
Cap Rate
5.57%
ROI

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Additional Information

Name
Brian Hosey
License
DC BR200201612
Title
Broker of Record
Name
Krystin Gambrell
License
SP40004522
Brokerage
Marcus & Millichap
Brokerage Phone
202-536-3729
Title
Associate Investments
Brokerage Address
7200 Wisconsin Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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