2,352 SqFt
2,352 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,352 sqft
Price per Sqft $318
Subdivision Brookland
MLS Listing ID DCDC2206012
Year Built 1925
Annual Tax Amount $5,159
Tax Year 2024
Lot Size 956 Sqft
Acres 0.02
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
The property currently has a voucher tenant in one residential unit, while the second unit is vacant. There is immediate value-add potential with one vacant residential unit and a vacant retail space. The pro forma CAP rate is projected at 8.38 percent, making this an attractive opportunity for both seasoned investors and those seeking a stable urban asset. The availability of seller financing further reduces acquisition barriers, enhancing the property's overall appeal.
Situated in the highly desirable and rapidly evolving Brookland neighborhood of Northeast D.C., the property is just steps from the commercial corridor along Rhode Island Avenue and minutes from the Brookland-CUA Metro Station. It is ideally positioned to benefit from neighborhood foot traffic and strong
connectivity to downtown Washington and the greater metropolitan area.
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, driven by new development, public investment, and an influx of young professionals attracted to its affordability, walkability, and strong sense of community. The nearby Monroe Street Market (0.09 miles away) has become a major destination, offering retail, art studios, dining, and year-round events that draw visitors from across the region.
Location
State DC
County Washington
Zoning MU-3
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer, Public Septic
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 3936//0042
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Seller Financing, Cash, Conventional
Listing Terms Seller Financing, Cash, Conventional
Financing Seller Financing,Cash,Conventional
Special Listing Condition Standard
