Turnkey Three-Unit Multifamily
1417 Maryland Avenue NE Washington, DC 20002
For Sale
$1,524,000
Brand-new 3-unit boutique building with separately metered units and turnkey furnishing for immediate use.
Property Size2,380 SF
Price / SF$640.34
Days on Market348
Property Features for 1417 Maryland Avenue NE
General Information
Standard status
Active
Size
2,380 SF
Property subtype
Multi-family
Building Details
Year Built
1916
Listing Agency:
Serhant
Listed By:
Barak Sky
Source:
Deepcreeklake
Added: Aug 17, 2025
Changed: Jul 10
Last Checked: Jul 29 at 12:47AM
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 Serhant
Investment Insights
Based on property information with market context.
Brand-new construction completed in late 2023, offered as a turnkey three-unit boutique building with all furnishings, supplies, décor, and systems conveying. The property includes three separately metered condo-quality units designed with reclaimed and custom finishes throughout. Each unit is configured as a distinct rental space, with options for indoor/outdoor living across multiple levels and private outdoor areas.
The property is located at 1417 Maryland Avenue NE in Washington, DC, and is described as being about one block from the H Street Corridor. Access and day-to-day convenience are supported by the walkability noted in the materials provided.
This offering supports multiple ownership or tenant strategies, including operation as short-term rentals or use as a multi-unit residential property. Unit 1 is configured as a two-bedroom, two-bath loft-style unit with two levels and front and rear porches. Unit 2 offers a one-bedroom, 1.5-bath layout with a balcony and in-unit laundry. Unit 3 is a three-level two-bedroom, 2.5-bath sky-loft arrangement with three private outdoor spaces, including rooftop decks, plus multiple interior living and flex areas. Condominium documents are described as almost complete, with the use potentially able to be changed back to a three-unit apartment building for sale as condos.
The property is located at 1417 Maryland Avenue NE in Washington, DC, and is described as being about one block from the H Street Corridor. Access and day-to-day convenience are supported by the walkability noted in the materials provided.
This offering supports multiple ownership or tenant strategies, including operation as short-term rentals or use as a multi-unit residential property. Unit 1 is configured as a two-bedroom, two-bath loft-style unit with two levels and front and rear porches. Unit 2 offers a one-bedroom, 1.5-bath layout with a balcony and in-unit laundry. Unit 3 is a three-level two-bedroom, 2.5-bath sky-loft arrangement with three private outdoor spaces, including rooftop decks, plus multiple interior living and flex areas. Condominium documents are described as almost complete, with the use potentially able to be changed back to a three-unit apartment building for sale as condos.
Key Highlights
- Brand‑new 3‑unit boutique building completed in late 2023
- Turnkey, fully furnished and stocked for immediate Airbnb operation; hosting account can transfer with the sale
- All three units are separately metered and currently actively marketed and rented on Airbnb
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.5k | $28.80 |
| − Vacancy | −$3.8k | −$1.58 |
| EGI | $64.8k | $27.22 |
| − OpEx | −$19.4k | −$8.16 |
| NOI | $45.3k | $19.05 |
2,380 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$647.7K
$566.8K – $755.7K
NOI $45,342 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$578.8K
$506.5K – $675.3K
NOI $40,519 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M
NOI $86,016 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Brand-new 3-unit boutique building with separately metered units and turnkey furnishing for immediate use.
Where is this triplex located?
The property is located at 1417 Maryland Avenue NE Washington, DC.
What is the asking price?
The asking price for this property is $1,524,000.
What are key features of this property?
This property features: Brand‑new 3‑unit boutique building completed in late 2023; Turnkey, fully furnished and stocked for immediate Airbnb operation; hosting account can transfer with the sale; All three units are separately metered and currently actively marketed and rented on Airbnb
