3408 18th St NE Local commercial 163 m² 100 % Loué À vendre Washington, DC 20018 387 621 € (2 384,18 €/m²)

Marcus & Millichap is pleased to exclusively present 3408 18th Street NE, a mixed-use asset located in the highly desirable and rapidly evolving
Brookland neighborhood of Northeast Washington, D.C. Offered at $450,000, this fully leased property presents a compelling opportunity to
acquire a stable, income-producing asset with a strong in-place return in one of the District’s most dynamic submarkets.
This 1,750 SF property consists of a street-level retail space and a one-bedroom residential unit on the 2nd level, providing a diversified
income stream across both commercial and residential tenancy. This asset is currently 100% occupied, delivering immediate and consistent
cash flow with no near-term vacancy exposure. Based on current operations, the property offers a current NOI of $25,051 and $26,727 with
Year 1 rental increases.
Situated just steps from the commercial corridor along Rhode Island Avenue NE and minutes from the Brookland-CUA Metro Station, the
property benefits from strong foot traffic and excellent connectivity to downtown Washington, D.C. and the greater metropolitan area. The retail
space is well-positioned to serve the surrounding residential population, while the upper-level apartment provides stable housing demand
driven by proximity to transit and employment centers.
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, fueled by new development, public
investment, and an influx of young professionals. The nearby Monroe Street Market has become a major destination, offering retail, dining, art
studios, and community events that attract visitors from across the region.
With its full occupancy, strong in-place return, and mixed-use income profile, 3408 18th Street NE represents a rare opportunity to acquire a
turnkey investment in a rapidly growing and supply-constrained Washington, D.C. neighborhood.