Mixed-Use Building with Street
2703 12th Street Northeast Washington, DC 20018
For Sale
Contact for pricing
Street-level retail under a long-term NNN lease with two renovated residential units above.
Property Size2,406 SF
Price / SF$319.20
Days on Market84
Property Features for 2703 12th Street Northeast
General Information
- Standard status
- Active
- Size
- 2,406 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1927
Listing Agency:
Marcus & Millichap - Washington, D.C.
(202) 536-3742
Listed By:
Krystin Gambrell · License #SP40004522
Source:
Crexi
Added: May 4
Changed: Jul 22
Last Checked: Jul 25 at 11:18AM
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 Marcus & Millichap - Washington, D.C.
Investment Insights
Based on property information with market context.
This mixed-use building offers street-level retail and two residential units on the second and third levels. The commercial space is currently occupied under a long-term NNN lease, and the two apartments include one-bedroom and two-bedroom layouts. Each unit and the retail space were renovated in 2021.
The property also features new HVAC units and an updated roof. It is positioned just steps from the commercial corridor along Rhode Island Avenue NE and is minutes from the Brookland-CUA Metro Station.
At 2,406 square feet, the configuration supports an in-place income stream from the stabilized retail tenant while providing residential lease-up flexibility through the available apartment unit.
The property also features new HVAC units and an updated roof. It is positioned just steps from the commercial corridor along Rhode Island Avenue NE and is minutes from the Brookland-CUA Metro Station.
At 2,406 square feet, the configuration supports an in-place income stream from the stabilized retail tenant while providing residential lease-up flexibility through the available apartment unit.
Key Highlights
- 2,406 SF mixed‑use building with street‑level retail plus two residential units (1BR and 2BR)
- Street‑level retail is occupied by a long‑term NNN lease tenant
- Residential units and commercial space renovated in 2021
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 | $65.0k | $27.00 |
| − Vacancy | −$3.4k | −$1.40 |
| EGI | $61.6k | $25.60 |
| − OpEx | −$18.5k | −$7.68 |
| NOI | $43.1k | $17.92 |
2,406 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$615.8K
$538.9K – $718.5K
NOI $43,109 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$571.1K
$499.7K – $666.3K
NOI $39,977 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,630 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Salumeria 2703
Food Market
Pizza In Teglia
Restaurant
FAQs
What type of property is this?
Duplex - Street-level retail under a long-term NNN lease with two renovated residential units above.
Where is this duplex located?
The property is located at 2703 12th Street Northeast Washington, DC.
What is the asking price?
The asking price for this property is $768,000.
What are key features of this property?
This property features: 2,406 SF mixed‑use building with street‑level retail plus two residential units (1BR and 2BR); Street‑level retail is occupied by a long‑term NNN lease tenant; Residential units and commercial space renovated in 2021
