Vacant Multifamily Asset with
1419 Minnesota Avenue Southeast Washington, DC 20020
1419 Minnesota Avenue Southeast, Washington, DC, 20020
$799,900
Three-unit property with approved plans for immediate repositioning.
Property Size3,564 SF
Price / SF$224.44
AddedMay 27
Days on Market50
Last RefreshJul 15 at 4:53 pm
Property Features for 1419 Minnesota Avenue Southeast
General Information
- Standard status
- Active
- Size
- 3,564 SF
- Property subtype
- Residential / Fee Simple
Building Details
- Year Built
- 1939
Listing office Compass (301) 580-8101
Listing date May 27, 2026
Source Compass
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 Compass
Investment Insights
Based on property information with market context.
This is a 3-unit, all-brick detached multifamily asset offering 3,564 square feet across three levels. Delivered fully vacant with approved plans and permits in hand, it presents an opportunity for an incoming investor or owner-occupant to immediately reposition, lease, or occupy the property with no existing leases or tenant obligations to assume. The current configuration includes two upper-level one-bedroom units, each separately metered for gas and electric and featuring a dedicated kitchen, living area, and full bath, supporting efficient long-term operation and expense allocation. The third unit spans the main and lower levels with independent front and rear access. Approved and permitted plans support an 8+ bedroom, approximately 2,000 square foot high-occupancy layout within this portion of the property. A detached brick garage provides additional storage, parking, or operational flexibility. The approved 8+ bedroom configuration presents operational flexibility for co-living, group home, assisted living, workforce housing, or short-term rental use, asset classes that may generate yield premiums over conventional residential product in comparable DC submarkets. Alternatively, the property offers an opportunity for an owner-occupant to reside in one unit while generating supplemental income from the remaining units to offset monthly carrying costs. Adjacent to park space, the detached nature of the structure and placement of the existing improvements on the site may create future flexibility for expansion, vertical addition, or supplemental construction opportunities, subject to zoning, permitting, and all applicable approvals. Approved plans and permits may significantly reduce upfront planning and entitlement timelines for the next owner. The property is located in Washington, DC, within the boundaries of the DISTRICT OF COLUMBIA PUBLIC SCHOOLS.
Key Highlights
- Fully vacant 3‑unit detached brick building with approved plans and permits in hand for immediate repositioning, leasing, or occupancy.
- Approved plans support an 8+ bedroom, approximately 2,000 square foot high‑occupancy layout, ideal for co‑living, group home, or short‑term rental use.
- Opportunity for owner‑occupancy with supplemental income generation from the other units.
Local 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 | $96.2k | $27.00 |
| − Vacancy | −$6.3k | −$1.76 |
| EGI | $90.0k | $25.25 |
| − OpEx | −$27.0k | −$7.57 |
| NOI | $63.0k | $17.67 |
3,564 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$899.7K
$787.3K – $1.05M
NOI $62,981 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$803.8K
$703.3K – $937.7K
NOI $56,263 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,807 @ 7.0% cap · market cap 16.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit property with approved plans for immediate repositioning.
Where is this triplex located?
The property is located at 1419 Minnesota Avenue Southeast Washington, DC.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Fully vacant 3‑unit detached brick building with approved plans and permits in hand for immediate repositioning, leasing, or occupancy.; Approved plans support an 8+ bedroom, approximately 2,000 square foot high‑occupancy layout, ideal for co‑living, group home, or short‑term rental use.; Opportunity for owner‑occupancy with supplemental income generation from the other units.
