Mixed-Use Office and Residential
For Sale
$3,575,000
517-519 11th Street Se, Washington, DC 20003
Renovated 1933 Art Deco building with office and self-storage components plus two updated three-bedroom, two-bath residences.
Property Size10,090 SF
Price / SF$354.31
Days on Market360
Property Features for 517-519 11th Street Se
General Information
Standard status
Active
Size
10,090 SF
Property subtype
Mixed Use
Zoning
MU-4
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Amenities
shared rooftop terrace
high ceilings
oversized windows
skylights
large open meeting rooms
collaborative work spaces
Building Details
Year Built
1933
Construction
Art Deco
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
(202) 270-6368
Listed By:
Peter Grimm · License #SP98366089
(202) 270-6368
Source:
Xome
Added: Aug 5, 2025
Changed: Jul 21
Last Checked: Jul 30 at 2:46AM
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 Berkshire Hathaway HomeServices PenFed Realty
Investment Insights
Based on property information with market context.
This turn-key mixed-use property is housed in a beautifully renovated 1933 Art Deco building and offers a combination of commercial and residential space. The building is zoned MU-4 and includes commercial use space that the offering states supports office and self storage. Interior highlights include high ceilings, oversized windows, and skylights, along with large open meeting rooms and an abundance of collaborative work spaces.
The residential component consists of two updated and spacious three-bedroom, two-bath apartment units, which share a rooftop terrace.
The property is positioned near prominent government and transit destinations, including the U.S. Capitol area, House and Senate offices, Eastern Market, Barracks Row, and Union Station, and is described as being just off Pennsylvania Avenue between two three-line Metro stations (O, B, S).
The residential component consists of two updated and spacious three-bedroom, two-bath apartment units, which share a rooftop terrace.
The property is positioned near prominent government and transit destinations, including the U.S. Capitol area, House and Senate offices, Eastern Market, Barracks Row, and Union Station, and is described as being just off Pennsylvania Avenue between two three-line Metro stations (O, B, S).
Key Highlights
- Renovated 1933 Art Deco mixed‑use building with office and self‑storage components plus two residential units
- Zoned MU‑4, offering a variety of commercial uses including office and self‑storage
- Includes two updated 3‑bedroom, 2‑bath residential apartment units with a shared rooftop terrace
Financial Insights For Office B
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 | $508.5k | $50.40 |
| − Vacancy | −$81.4k | −$8.06 |
| EGI | $427.2k | $42.34 |
| − OpEx | −$106.8k | −$10.58 |
| NOI | $320.4k | $31.75 |
10,090 SF · lease $50.40/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.58M
$4.00M – $5.34M
NOI $320,378 @ 7.0% cap · market cap 8.96%
Second Best
Multifamily LT 5
$2.58M
$2.26M – $3.01M
NOI $180,785 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$5.19M
$4.54M – $6.05M
NOI $363,298 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,064
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
Market
Vacancy Rate% for Office in Washington, DC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated 1933 Art Deco building with office and self-storage components plus two updated three-bedroom, two-bath residences.
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 $3,575,000.
What are key features of this property?
This property features: Renovated 1933 Art Deco mixed‑use building with office and self‑storage components plus two residential units; Zoned MU‑4, offering a variety of commercial uses including office and self‑storage; Includes two updated 3‑bedroom, 2‑bath residential apartment units with a shared rooftop terrace
