Do Real Estate on the Go!
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$1,199,000
-- Bed
-- Bath
4,865sqft
2400-2406 Minnesota Ave Se, Washington, DC 20020
$1,199,000
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Multi Family
Built in 1900
$-- HOA
2,285 sqft lot
$246/sq.ft
Description
Current/Projected Rent Roll:
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 Operatin...
- Houzeo last checked: 15 Minutes ago
- Listing updated: November 13, 2025 at 5:13 pm
- Listing Provided by: Kenn B Blagburn (202) 468-5917 | DC Real Property,LLC (202) 800-8389
- Source: Bright MLS-NJ | MLS#: DCDC2197800
Property Details
Status
Pending
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1900
HOA Fees
-
Finished Area
4,865 sqft
Lot Size
2,285 sqft lot
Basement Area
- sqft
MLS Name
Bright MLS
MLS Number
DCDC2197800
MLS Status
PENDING-BRIGHT
Days on Market
-
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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