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    2401 Martin Luther King Jr Ave Washington, DC 20020

    For Sale
    $1,400,000

    Renovated Mixed-Use Property: Income & Living

    Property size:
    5,784 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional mixed-use building presents a compelling investment opportunity in Washington, D.C.'s burgeoning Barry Farms neighborhood. Spanning 5,784 square feet on a 0.07-acre lot, the property boasts a newly renovated design, offering both commercial and residential spaces. The ground floor currently houses a grocery store, generating consistent income via a lease extending to October 31, 2026. This provides immediate cash flow for the new owner. Upstairs, a completely renovated apartment awaits, featuring modern cabinetry, updated appliances, stylish flooring, and fresh paint. This space is ideal for immediate occupancy or rental, providing further income potential. A sizable basement offers ample storage, adding significant utility to the property. Located at 2401 Martin Luther King Jr Avenue SE, this property is strategically positioned within a vibrant and evolving community, promising strong long-term growth and return on investment. The asking price for this turnkey opportunity is $1,400,000. This is a rare chance to acquire a property that combines immediate income generation with the flexibility of residential use, making it an attractive proposition for both seasoned investors and those seeking a unique dual-purpose property.

    Property Features for 2401 Martin Luther King Jr Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,784 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1931
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -76.99249
    Latitude
    38.86288

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    FAQs

    What type of property is this?
    Mixed-use property - Renovated Mixed-Use Property: Income & Living
    Where is this mixed-use property located?
    The property is located at 2401 Martin Luther King Jr Ave Washington, DC.
    What is the asking price?
    The asking price for this property is $1,400,000.
    (301) 850-0255
    Request Owner's contact information
    2401 Martin Luther King Jr Ave Washington, DC 20020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2401 Martin Luther King Jr Ave Washington, DC 20020
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