Mixed-Use Building with
New
For Sale
$1,550,000
1389 QUINCY STREET NW, Washington, DC 20011
Street-level dining space is paired with two one-bedroom apartments and outdoor seating.
Property Size2,300 SF
Price / SF$673.91
Days on Market7
Property Features for 1389 QUINCY STREET NW
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Commercial
Zoning
MU-4
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Patio
Yes
Amenities
outdoor patio dining space
deck
Building Details
Year Built
1907
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Arlington Realty, Inc.
(703) 836-6000
Listed By:
Virginia S Smith · License #BR101238
(703) 836-1116
Source:
Cummingsrealtors
Added: Sep 30
Changed: Oct 6
Last Checked: Oct 5 at 7:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Arlington Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 1907, this mixed-use property has a restaurant and carryout layout on the ground floor, with an outdoor dining patio. Two one-bedroom, one-bathroom apartments occupy the second and third floors; the second floor also has a rear deck. The building sits on a corner with frontage along 14th Street NW and Quincy Street NW and is zoned MU-4.
The property is about four blocks from the Georgia Avenue-Petworth Metro station and six blocks from Columbia Heights Metro. Retail shops, cafes, pubs, restaurants, and residences are in the surrounding area. The restaurant and one apartment are leased month-to-month, while the third-floor apartment lease runs through June 2027. Zoning parameters cited for the site include a 50-foot maximum building height and maximum FAR of 2.5 for residential or 1.5 for non-residential use; an additional level is described as a possibility.
The property is about four blocks from the Georgia Avenue-Petworth Metro station and six blocks from Columbia Heights Metro. Retail shops, cafes, pubs, restaurants, and residences are in the surrounding area. The restaurant and one apartment are leased month-to-month, while the third-floor apartment lease runs through June 2027. Zoning parameters cited for the site include a 50-foot maximum building height and maximum FAR of 2.5 for residential or 1.5 for non-residential use; an additional level is described as a possibility.
Key Highlights
- Ground‑floor restaurant and carryout space with outdoor patio dining
- Two 1‑bedroom, 1‑bathroom apartments; rear deck off the second floor
- Corner frontage on 14th St. NW and Quincy St. NW
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,616
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,192,320
$1.2M
Cap Rate 7%
$851,657
$851.7K
Cap Rate 9%
$662,400
$662.4K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$82.8K $36.00/SF
− Vacancy
−$3.3K −$1.44/SF
EGI
$79.5K $34.56/SF
− OpEx
−$19.9K −$8.64/SF
NOI
$59.6K $25.92/SF
Area
ZIP 20011
Vacancy
4.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,192,320
Cap Rate 7%
$851,657
Cap Rate 9%
$662,400
Alternative Uses
Best Use
Specialty Retail
$851.7K
$745.2K – $993.6K
NOI $59,616 @ 7.0% cap · market cap 3.85%
Second Best
Mixed Use
$650.6K
$569.3K – $759.0K
NOI $45,540 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,125 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,549
Businesses Nearby
66k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Home Improvements & Furnishings 12%
Dining 6%
Electronics 3%
Exxon
Shops & Services
13,952 visits/mo
0.2 miles
Exxon
Shops & Services
8,172 visits/mo
0.4 miles
Petworth Ace Hardware
Home Improvements & Furnishings
7,747 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,996 visits/mo
0.4 miles
Exxon
Shops & Services
6,230 visits/mo
0.5 miles
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Washington, DC
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level dining space is paired with two one-bedroom apartments and outdoor seating.
Where is this mixed-use property located?
The property is located at 1389 QUINCY STREET NW Washington, DC.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Ground‑floor restaurant and carryout space with outdoor patio dining; Two 1‑bedroom, 1‑bathroom apartments; rear deck off the second floor; Corner frontage on 14th St. NW and Quincy St. NW
