• 3 Units
• Unknown Sq Ft
• 956 Sq Ft
• Unknown Cap Rate

Description

We are pleased to offer for sale the 1,800 square-foot mixed-use property located at 2702 12th Street NE in the Brookland submarket of Washington, D.C. This MU-3 zoned commercial building comprises two spacious three-bedroom, one-bath residential units and a street-facing retail space on the ground floor. Each unit is separately metered, allowing for efficient utility management. Recent capital improvements include upgrades to the windows, electrical and plumbing systems, and the installation of central HVAC for both the retail space and the top-floor residential unit.

The property currently has a voucher tenant in one residential unit, while the second unit is vacant. There is immediate value-add potential with one vacant residential unit and a vacant retail space. The pro forma CAP rate is projected at 8.38 percent, making this an attractive opportunity for both seasoned investors and those seeking a stable urban asset. The availability of seller financing further reduces acquisition barriers, enhancing the property's overall appeal.

Situated in the highly desirable and rapidly evolving Brookland neighborhood of Northeast D.C., the property is just steps from the commercial corridor along Rhode Island Avenue and minutes from the Brookland-CUA Metro Station. It is ideally positioned to benefit from neighborhood foot traffic and strong
connectivity to downtown Washington and the greater metropolitan area.

The Brookland neighborhood has undergone significant transformation over the past decade. Once known for its religious institutions and quiet residential character, Brookland has emerged as one of Northeast D.C.’s most sought-after enclaves, driven by new development, public investment, and an influx of young professionals attracted to its affordability, walkability, and strong sense of community. The nearby Monroe Street Market (0.09 miles away) has become a major destination, offering retail, art studios, dining, and year-round events that draw visitors from across the region.