Mixed-Use Office and Storage
517-519 11Th Street SE Washington, DC 20003
517-519 11Th Street SE, Washington, DC, 20003
$2,850,000
For Sale
$2,850,000
Renovated 1933 Art Deco building with office and self-storage plus two residential apartment units.
Property Size11,000 SF
Price / SF$259.09
Days on Market316
Property Features for 517-519 11Th Street SE
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1933
Listing Agency
Compass
(856) 222-0077
Listed by
Ryan LeBon
Source
Thetristaterealestategroup
Added: Sep 8, 2025 Checked: Jul 19 at 1:51 am
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 mixed-use commercial building was built in 1933 and has been beautifully renovated, offering a combination of commercial and residential space. The building is zoned MU-4 and includes a variety of commercial uses such as office space and self-storage. Interior features include high ceilings, oversized windows, skylights, and large open meeting rooms with an abundance of collaborative work spaces.
The property also includes two updated and spacious residential apartment units, each with three bedrooms and two bathrooms, along with a shared rooftop terrace. Located near the U.S. Capitol, House and Senate offices, Eastern Market, Barracks Row, and Union Station, the property sits just off Pennsylvania Avenue between two three-line metro stations (O, B, S). The area is surrounded by local businesses and serves a mix of government-related tenants.
The property also includes two updated and spacious residential apartment units, each with three bedrooms and two bathrooms, along with a shared rooftop terrace. Located near the U.S. Capitol, House and Senate offices, Eastern Market, Barracks Row, and Union Station, the property sits just off Pennsylvania Avenue between two three-line metro stations (O, B, S). The area is surrounded by local businesses and serves a mix of government-related tenants.
Key Highlights
- Renovated 1933 Art Deco mixed‑use building with office and self‑storage plus 2 residential apartment units
- Zoned MU‑4 and offers multiple commercial uses including office and self storage
- Includes two updated 3‑bedroom, 2‑bath apartment units with a shared rooftop terrace
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 | $297.0k | $27.00 |
| − Vacancy | −$15.4k | −$1.40 |
| EGI | $281.6k | $25.60 |
| − OpEx | −$84.5k | −$7.68 |
| NOI | $197.1k | $17.92 |
11,000 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Office B
$4.99M
$4.37M – $5.82M
NOI $349,272 @ 7.0% cap · market cap 12.26%
Second Best
Multifamily LT 5
$2.82M
$2.46M – $3.28M
NOI $197,089 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$5.66M
$4.95M – $6.60M
NOI $396,063 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Renovated 1933 Art Deco building with office and self-storage plus two residential apartment units.
Where is this office building located?
The property is located at 517-519 11Th Street SE Washington, DC.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Renovated 1933 Art Deco mixed‑use building with office and self‑storage plus 2 residential apartment units; Zoned MU‑4 and offers multiple commercial uses including office and self storage; Includes two updated 3‑bedroom, 2‑bath apartment units with a shared rooftop terrace
