2401 Martin Luther King Jr SE Ave Washington, DC 20020-5815
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.
/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…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MU-4 · Washington, DC/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 REVIEW CRITIERA CHAPTER 5 NAVAL OBSERVATORY MIXED-USE ZONE - MU-4/NO 500 PURPOSE AN
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.