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Property profile & analytics
OFF-MARKET Estimated value $805,000
Retail space

2401 Martin Luther King Jr SE Ave Washington, DC 20020-5815

5,784 SF 0.07 ac lot Built 1931
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US16-0140202
Property summary
AI-generated overview

This exceptional mixed-use building presents a compelling investment opportunity in Washington, D.C.'s burgeoning Barry Farms neighborhood. Spanning 5,784 square feet on a 0.07-acre lot, the property boasts a newly renovated design, offering both commercial and residential spaces. The ground floor currently houses a grocery store, generating consistent income via a lease extending to October 31, 2026. This provides immediate cash flow for the new owner. Upstairs, a completely renovated apartment awaits, featuring modern cabinetry, updated appliances, stylish flooring, and fresh paint. This space is ideal for immediate occupancy or rental, providing further income potential. A sizable basement offers ample storage, adding significant utility to the property. Located at 2401 Martin Luther King Jr Avenue SE, this property is strategically positioned within a vibrant and evolving community, promising strong long-term growth and return on investment. The asking price for this turnkey opportunity is $1,400,000. This is a rare chance to acquire a property that combines immediate income generation with the flexibility of residential use, making it an attractive proposition for both seasoned investors and those seeking a unique dual-purpose property.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1931
Construction BRICK
Total area 5,784 SF
Lot 0.07 ac (3,250 SF)
Zoning code MU-4
APN 5789 0017
UPID US16-0140202
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$805k
Owner & transaction history
2401 Mlk LLC · 1 yrs held
2401 Mlk LLC
since 2025
2 recorded transactions
2025
$1.2M
1969
Price N/A
Zoning & alternative use
MU-4 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

/DC, MU 4/DC, MU-5A/DC, MU-6B/DC, MU-8B/DC, MU-9B/DC, AND MU-10/DC 300 PURPOSE AND INTENT 301 PLANNED UNIT DEVELOPMENT 302 MISCELLANEOUS CHAPTER 4 CAPITOL INTEREST AND CAPITOL HILL COMMERCIAL MIXED-USE ZONES - MU-2/CAP, MU-4/CAP, MU-4/CHC, AND MU-4/CAP/CHC 400 PURPOSE AND INTENT 401 DENSITY 402 HEIGHT 403 PENTHOUSE AND ROOFTOP STRUCTURE 404 SPECIAL EXCEPTION…

Zone name Mixed Use
General category MIXED_USE
Zone area 778.69 ac
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