This Multifamily Property is For Sale.

1375 Maryland Ave NE
Washington, DC 20002 ·

10 Units · Multifamily For Sale



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Pierce School Lofts

Price $6,890,000 Commission Split 3%
No. Units 10 Cap Rate 5.50%
Building Size 25,000 SF Occupancy 100%
Price/Unit $689,000 No. Stories 3
Property Type Multifamily Year Built 1894
Property Sub-type Garden/Low-Rise Lot Size 23,000 SF
Property Use Type Investment APN / Parcel ID 1028-0193
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Listing ID: 19957403 Date Created: 09/07/2016 Last Updated: 01/31/2017


This fully leased 10 unit building was transformed from a former school house into lofts ranging from 1,100 square feet to 1,400 square feet plus a 2 story penthouse of 9,500 square feet. The main building is being sold with the an annex structure that creates a private rear courtyard where a 38,000 gallon heated pool is located for tenants. Other tenant amenities include a fitness room, grill/bar area, outdoor fireplace & spa. This unique 25,000+/- square foot buildings is located on the highly desirable H Street corridor. H Street is currently undergoing a massive transformation with over 1,400 new residential units, a newly completed DC Metro Street Car and high end retailers like Whole Foods. Street Car and high end retailers like Whole Foods.

Located one block from the highly-trafficked starburst intersection with major commuter avenues including Benning Road NE, Bladensburg Road NE, Maryland Ave NE and Florida Avenue NE. H Street continues to undergo a massive transformation with over 1,400 new residential units coming on-line, a newly completed DC Metro Street Car and high-end retailers like Whole Foods set to open in the near future. H Street NE continues to be one of DC' s most traveled destinations for trendy restaurants & shops.


1375 Maryland Ave NE, Washington, DC 20002 (District of Columbia County)

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