Washington, DC 20002,1451 MARYLAND AVE NE
Washington, DC 20002,1451 MARYLAND AVE NE
Washington, DC 20002,1451 MARYLAND AVE NE
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Giovanni Maggipinto

Giovanni Maggipinto

+1(908) 872-7635
Listed by Daniel Heider • TTR Sotheby's International Realty
$2,349,900
Est. payment /mo
4,400 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 4,400 sqft

Price per Sqft $534

Subdivision Old City #1

MLS Listing ID DCDC2243332

Style Other

Abv Grd Liv Area 3,150

Year Built 1900

Available Date 2026-02-20

Annual Tax Amount $29,963

Tax Year 2025

Lot Size 1,057 Sqft

Acres 0.02

Property Sub-Type Other

Source BRIGHT

Property Description

An exceptional turn-key, mixed-use investment opportunity in Northeast DC's rapidly growing Starburst Intersection, just minutes from the newly approved $3.7 billion RFK Stadium redevelopment that will transform the area with a new stadium, retail, housing, and expansive green space. Situated on a prominent corner lot, this fully renovated 2021 asset offers stable, long-term income with minimal owner expenses, generating $156,935 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 $10,114.93/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 5/1/2026 (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.

Location

State DC

County Washington

Zoning NMU-4/H-A

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 2+ Access Exits, Level Entry - Main

Garage N

Building

Above Ground Finished SqFt 3150

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

High Schools Dunbar Senior

School District District Of Columbia Public Schools

Others

Tax ID 1050//0014

Ownership Fee Simple

SqFt Source 4400

Special Listing Condition Standard

Virtual Tour https://vimeo.com/1098203943?share=copy#t=0

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Bright MLS (BMLS)

Nearby Schools and Properties

SCHOOLS PROPERTIES
Elementary Schools 20
  • 9

    D C Preparatory Edgewood Elementary Public Charter School

    Public | PK - 3

  • 9

    Maury Elementary School

    Public | EE - 5

  • 8

    Thomson Elementary School

    Public | EE - 5

  • 8

    Center City Shaw Campus Public Charter School

    Public | PK - 8

  • 8

    Washington Yu Ying Public Charter School

    Public | PK - 6

  • 8

    Brent Elementary School

    Public | EE - 5

  • 8

    Two Rivers Public Charter School Elementary School

    Public | PK - 8

  • 8

    Ludlow-Taylor Elementary School

    Public | EE - 5

  • 8

    D C Preparatory Edgewood Middle Campus Public Charter School

    Public | 4 - 8

  • 8

    Watkins/Peabody Elementary School

    Public | EE - 5

  • 8

    Kipp Dc Spring Academy

    Public | KG - KG

  • 8

    D C Preparatory Benning Elementary Public Charter School

    Public | PK - 3

  • 7

    Seaton Elementary School

    Public | EE - 5

  • 7

    Basis Dc Public Charter School

    Public | 5 - 9

  • 7

    Kipp Dc Aim Public Charter School Academy Public Charter School

    Public | 5 - 8

  • 6

    Bridges Public Charter School

    Public | PK - 1

  • 6

    Center City Petworth Campus Public Charter School

    Public | PK - 8

  • 6

    Bruce Monroe Elementary School @ Park View

    Public | EE - 5

  • 6

    Elsie Whitlow Stokes Communtiy Freedom Public Charter School

    Public | PK - 6

  • 6

    Randle Highlands Elementary School

    Public | EE - 5

Middle Schools 20
  • 6

    Howard University Middle School of Math and Science

    Public | 6 - 8

  • 6

    Stuart Hobson Middle School

    Public | 6 - 8

  • 5

    Cesar Chavez Public Charter School for Public Policy Chavez Preparatory

    Public | 6 - 9

  • 5

    Richard Wright Public Charter School for Journalism and Media Arts

    Public | 8 - 11

  • 5

    Seed Public Charter School of Washington Dc

    Public | 6 - 12

  • 4

    Walker-Jones Education Campus

    Public | EE - 8

  • 4

    Wheatley Education Campus

    Public | EE - 8

  • 4

    Browne Education Campus

    Public | EE - 8

  • 4

    Sousa Middle School

    Public | 6 - 8

  • 4

    Cesar Chavez Public Charter School for Public Policy-Parkside High School

    Public | 6 - 8

  • 3

    Eliot-Hine Middle School

    Public | 6 - 8

  • 1

    Kramer Middle School

    Public | 6 - 8

  • 0

    MacFarland Middle School

    Public | 6 - 8

  • 0

    Shaw Middle School

    Public | 6 - 8

  • 0

    Jefferson Middle School Academy

    Public | 6 - 8

  • 0

    Choice Academy at Emery

    Public | 7 - 11

  • 0

    Kirov Academy of Ballet of Washington D.C.

    Private | 7 - 12

  • 0

    McKinley Middle School

    Public | 6 - 8

  • 0

    Youth Services Center

    Public | 7 - 12

  • 0

    Friendship Public Charter School Chamberlain Middle School

    Public | 6 - 8

High Schools 20
  • 10

    Benjamin Banneker Academy High School

    Public | 9 - 12

  • 10

    McKinley Technology High School

    Public | 9 - 12

  • 8

    Thurgood Marshall Academy Public Charter School

    Public | 9 - 12

  • 8

    Kipp Dc College Preparatory Public Charter School

    Public | 9 - 12

  • 7

    E L Haynes Public Charter School Kansas Ave High School

    Public | 9 - 11

  • 7

    Phelps Architecture Construction and Engineering H

    Public | 9 - 12

  • 6

    Washington Math Science Tech Public Charter School

    Public | 9 - 12

  • 6

    Friendship Public Charter School Woodson Collegiate Campus

    Public | 9 - 12

  • 5

    Cesar Chavez for Public Policy Capitol Hill Public Charter School

    Public | 9 - 12

  • 5

    Eastern High School

    Public | 9 - 12

  • 5

    Cesar Chavez for Public Policy Parkside Middle School Public Charter School

    Public | 9 - 12

  • 4

    Dunbar High School

    Public | 9 - 12

  • 3

    Cardozo Education Campus

    Public | 9 - 12

  • 2

    Roosevelt High School

    Public | 9 - 12

  • 1

    Anacostia High School

    Public | 9 - 12

  • 0

    Hospitality Public Charter School

    Public | 9 - 12

  • 0

    Washington Metropolitan High School Formerly Yea

    Public | 9 - 12

  • 0

    Gonzaga College High School

    Private | 9 - 12

  • 0

    Archbishop Carroll High School

    Private | 9 - 12

  • 0

    Model Secondary School for the Deaf

    Private | 9 - 12

School and business data provided by Attom Data.

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Giovanni Maggipinto

Giovanni Maggipinto

+1(908) 872-7635

Realtor Associate | License ID: 1644529

Realtor Associate License ID: 1644529

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