2400-2406 Minnesota Ave Se, Washington, DC 20020

Washington
Local realty services provided by:ERA Reed Realty, Inc.
2400-2406 Minnesota Ave Se,Washington, DC 20020
$1,100,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: kenn b blagburn
Office: dc real property,llc
MLS#:DCDC2197800
Source:BRIGHTMLS

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Price summary

  • Price:$1,100,000

About this home

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 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

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Home facts

  • Year built:1900
  • Listing ID #:DCDC2197800
  • Added:306 day(s) ago
  • Updated:March 01, 2026 at 11:19 AM

Heating and cooling

  • Cooling:Central A/C
  • Heating:Natural Gas

Structure and exterior

  • Year built:1900
  • Lot Features:Corner Lot/Unit
  • Architectural Style:Victorian
  • Construction Materials:Brick, Stone
  • Foundation Description:Brick/Mortar, Slab

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,100,000
  • Tax amount:$2,279 (2002)

Features and amenities

  • Amenities:Electric Alarm, Security Gate

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