Turnkey Airbnb Investment
For Sale
$1,349,000
1417 Maryland Avenue NE, Washington, DC 20002
Fully furnished, income-generating 3-unit building in Washington, DC.
Property Size2,380 SF
Price / SF$566.81
Days on Market426
Property Features for 1417 Maryland Avenue NE
General Information
Standard status
Active
Size
2,380 SF
Property subtype
Multi-family
Lease Term
[]
Site & Location
Neighborhood
Ft. Washington
Building Details
Year Built
1916
Listing Agency:
Serhant
Listed By:
Barak Sky · License #SP600552
(301) 742-5759
Source:
Deepcreeklake
Added: Aug 29, 2025
Changed: Oct 27
Last Checked: Oct 28 at 8:38AM
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
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Investment Insights
Based on property information with market context.
This brand-new construction, completed in late 2023, is a fully furnished, meticulously designed 3-unit boutique building. It has been operating as an Airbnb since March 2024, achieving Superhost status with a 4.9 average rating and over 147 reviews. This property is suited for investors seeking a cash-flowing short-term rental portfolio with bookings through the end of 2025. It also presents an opportunity for buyers looking to house hack by living in one unit and renting the others, or for traditional landlords seeking a premium 3-unit long-term rental. Condominium documents are almost complete, allowing for a potential change back to a 3-unit apartment building for condominium sales. All furnishings, supplies, decor, and systems convey with the sale. Full T12 financials and booking records are available upon request.
Key Highlights
- Turnkey Airbnb investment property with proven income, Superhost status, a 4.9 average rating, and 147+ reviews since March 2024.
- Fully furnished, meticulously designed 3‑unit boutique building with all furnishings, supplies, décor, and systems included.
- Existing Airbnb bookings through the end of 2025.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,519
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,380
$810.4K
Cap Rate 7%
$578,843
$578.8K
Cap Rate 9%
$450,211
$450.2K
Market Conditions
NOI Build-Up for 2,380 SF
Gross rent
$78.5K $33.00/SF
− Vacancy
−$4.9K −$2.05/SF
EGI
$73.7K $30.95/SF
− OpEx
−$33.2K −$13.93/SF
NOI
$40.5K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,380
Cap Rate 7%
$578,843
Cap Rate 9%
$450,211
Alternative Uses
Best Use
Apartment 5plus
$578.8K
$506.5K – $675.3K
NOI $40,519 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M
NOI $86,016 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,287
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Fully furnished, income-generating 3-unit building in Washington, DC.
Where is this short term rental property located?
The property is located at 1417 Maryland Avenue NE Washington, DC.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Turnkey Airbnb investment property with proven income, Superhost status, a 4.9 average rating, and 147+ reviews since March 2024.; Fully furnished, meticulously designed 3‑unit boutique building with all furnishings, supplies, décor, and systems included.; Existing Airbnb bookings through the end of 2025.
