2400-2406 MINNESOTA AVE SE Washington, DC 20020
4,865 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Pending
Purchase Type For Sale
Square Footage 4,865 sqft
Price per Sqft $246
Subdivision Anacostia
MLS Listing ID DCDC2197800
Style Victorian
Abv Grd Liv Area 4,865
Year Built 1900
Annual Tax Amount $2,279
Tax Year 2002
Lot Size 2,285 Sqft
Acres 0.05
Property Sub-Type Detached
Source BRIGHT
Property Description
Upstairs apartments: $3,000 / month = $36,000 / year
Ground floor retail (leased convenience store): $2,650 / month = $31,800 / year
Vacant first-floor restaurant (market potential): $3,400–$3,700 / month = $40,800–$44,400 / year
Total Potential Gross Income (PGI):
Low case: $108,600 / year
High case: $112,200 / year
Expenses:
Taxes: Currently only $2,279 (but that's from a 2002 assessment, so expect much higher once reassessed; let's conservatively assume $10,000 after sale).
Other OPEX (insurance, maintenance, utilities common areas, etc.): $15,000–$20,000 annually (industry standard 15–20% of gross for mixed-use of this size).
Net Operating Income (NOI):
Low case NOI ≈ $78,600 – $83,600
High case NOI ≈ $82,200 – $87,200
Purchase Price: $1,199,000
Cap Rate:
Low NOI / Price = 6.6%
High NOI / Price = 7.3%
So marketed cap rate range = 6.5% – 7.25%, which is strong for DC mixed-use in Anacostia.
For Sale – 2400-2406 Minnesota Avenue SE, Washington, DC 20020
Offered at: $1,199,000
Prime opportunity in the heart of Anacostia! This mixed-use property features a versatile and income-producing layout, ideal for investors, developers, or owner-operators.
The property includes two ground-floor retail spaces:
Unit 1: A convenience store tenant currently leased at $2,625 per month, providing stable income from day one and 33% of property Tax
Unit 2: A vacant carryout restaurant equipped with a full commercial kitchen, hood system, fryer, and additional infrastructure in place—perfect for immediate restaurant or ghost kitchen operations.
Upstairs, the property offers flexible residential or commercial use with:
Three kitchens
Six rooms, ideal for multi-family conversion, short-term rental, or workforce housing.
Key Highlights:
Delivered vacant if desired—unlock maximum repositioning potential.
Highly visible corner location along a major commuter route.
Walking distance to bus stops, neighborhood amenities, and minutes from Downtown Anacostia, Barry Farm redevelopment, and the future 11th Street Bridge Park.
Perfect for investors seeking cash flow or entrepreneurs looking for a live/work or retail/hospitality operation.
Zoning and layout offer a variety of repositioning strategies—restaurant, convenience, residential rental, short-term rental, office suites, or co-living.
Location
State DC
County Washington
Zoning MU-4
Interior
Hot Water Natural Gas
Heating None
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar, Slab
Above Ground Finished SqFt 4865
Sewer Public Sewer
Water Public
Architectural Style Victorian
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5560//0818
Ownership Fee Simple
SqFt Source 4865
Security Features Electric Alarm,Security Gate
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
- 10
Kipp Dc Promise Public Charter School
Public | 1 - 4
- 9
Maury Elementary School
Public | EE - 5
- 8
Brent Elementary School
Public | EE - 5
- 8
Two Rivers Public Charter School Elementary School
Public | PK - 8
- 8
Ludlow-Taylor Elementary School
Public | EE - 5
- 8
Watkins/Peabody Elementary School
Public | EE - 5
- 8
Kipp Dc Spring Academy
Public | KG - KG
- 8
D C Preparatory Benning Elementary Public Charter School
Public | PK - 3
- 7
Kipp Dc Aim Public Charter School Academy Public Charter School
Public | 5 - 8
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Kipp Dc Key Academy Public Charter School
Public | 5 - 8
- 6
Center City Congress Heights Campus Public Charter School
Public | PK - 8
- 6
Randle Highlands Elementary School
Public | EE - 5
- 5
J. O. Wilson Elementary School
Public | EE - 5
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Eagle Academy Public Charter School Eagle Center at Mcgogney
Public | PK - 3
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Excel Academy Public Charter School
Public | PK - 5
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Achievement Preparatory Academy Public Charter School
Public | 4 - 8
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Tyler Elementary School
Public | EE - 5
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Payne Elementary School
Public | EE - 5
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Ketcham Elementary School
Public | EE - 5
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Garfield Elementary School
Public | EE - 5
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Stuart Hobson Middle School
Public | 6 - 8
- 5
Friendship Public Charter School Tech Preparatory
Public | 6 - 11
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Richard Wright Public Charter School for Journalism and Media Arts
Public | 8 - 11
- 5
Seed Public Charter School of Washington Dc
Public | 6 - 12
- 4
Walker-Jones Education Campus
Public | EE - 8
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Wheatley Education Campus
Public | EE - 8
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Browne Education Campus
Public | EE - 8
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Sousa Middle School
Public | 6 - 8
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Cesar Chavez Public Charter School for Public Policy-Parkside High School
Public | 6 - 8
- 4
Kelly Miller Middle School
Public | 6 - 8
- 3
Eliot-Hine Middle School
Public | 6 - 8
- 3
Benjamin Stoddert Middle School
Public | 6 - 8
- 2
Hart Middle School
Public | 6 - 8
- 1
Johnson Middle School
Public | 6 - 8
- 1
Kramer Middle School
Public | 6 - 8
- 0
Choice Academy at Emery
Public | 7 - 11
- 0
Somerset Preparatory Academy Public Charter School
Public | 6 - 8
- 0
McKinley Middle School
Public | 6 - 8
- 0
Youth Services Center
Public | 7 - 12
- 0
Friendship Public Charter School Chamberlain Middle School
Public | 6 - 8
- 10
McKinley Technology High School
Public | 9 - 12
- 8
Thurgood Marshall Academy Public Charter School
Public | 9 - 12
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Kipp Dc College Preparatory Public Charter School
Public | 9 - 12
- 7
Phelps Architecture Construction and Engineering H
Public | 9 - 12
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Washington Math Science Tech Public Charter School
Public | 9 - 12
- 6
Friendship Public Charter School Woodson Collegiate Campus
Public | 9 - 12
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Cesar Chavez for Public Policy Capitol Hill Public Charter School
Public | 9 - 12
- 5
Eastern High School
Public | 9 - 12
- 5
Cesar Chavez for Public Policy Parkside Middle School Public Charter School
Public | 9 - 12
- 5
Idea Public Charter School
Public | 9 - 12
- 4
Dunbar High School
Public | 9 - 12
- 1
Ballou High School
Public | 9 - 12
- 1
Anacostia High School
Public | 9 - 12
- 0
Gonzaga College High School
Private | 9 - 12
- 0
Ballou Stay
Public | 9 - 11
- 0
Model Secondary School for the Deaf
Private | 9 - 12