Washington, DC 20019,4069-4089 MINNESOTA AVE NE
Washington, DC 20019,4069-4089 MINNESOTA AVE NE
Washington, DC 20019,4069-4089 MINNESOTA AVE NE
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Listed by Stephanie A Young • CENTURY 21 New Millennium
$6,500,000
Est. payment /mo
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1.19 Acres Lot
Open Tue 10AM-12PM

4069-4089 MINNESOTA AVE NE Washington, DC 20019

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Open House

Tue Sep 16, 10:00am - 12:00pm

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Deanwood

MLS Listing ID DCDC2222142

Year Built 1942

Annual Tax Amount $49,554

Tax Year 2025

Lot Size 1.194 Acres

Acres 1.19

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

CHAPTER 11 BANKRUPTCY SALE – Pursuant to Court Order, the Bid Deadline is Monday, October 6, 2025 @ 3pm EST.

Tour Date – Tuesday, September 16, 2025 from 10am – 12pm.

Minnesota Commons Apartments, 4069-4089 Minnesota Avenue NE, offers a rare opportunity for buyers with a track record of successfully repositioning multifamily properties to acquire a sizable, multi-building portfolio in a high-visibility commercial and residential corridor in an Opportunity Zone in Northeast Washington, DC. This complex is comprised of eleven brick buildings with a total of 83 apartments. Each building has three levels with 6, 9, or 12 units, some with basement storage and one building with a resident laundry room. Prior to renovations, all apartments were believed to be 1 bedroom or 2 bedrooms, each with a full bathroom. Construction was initiated in 48 units, and with a 30%+/- occupancy rate, a new owner has great flexibility to perform renovations and the potential to reconfigure units to add additional bedrooms. The lot size is 52,030 SF (est.), or 1.19 acres, with approximately 212' road frontage along Minnesota Avenue.

Based on a third-party report, the property is believed to be 83 units with an average 840 SF unit size. However, based on a recent site inspection, two apartment units are a combination of two individual apartments, resulting in 83 potential units but 81 physical units. This property offers a Total Net Rentable Area of 103,308 SF within a Gross Building Area of 122,109 SF. The buyer should verify all counts and sizes when performing their due diligence. Originally constructed in 1942, the property features durable wood and masonry construction, with a reinforced concrete slab foundation supporting concrete block exterior and demising walls. The buildings have brick exteriors, with concrete block exterior and demising walls, and wood frame floor structures and interior walls. The flat deck roof holds built-up assemblies with a tar and gravel cover. The HVAC is provided by electric PTAC units in living areas and bedrooms (where available), along with electric baseboard heating.

Offered for sale by H. Jason Gold, Trustee. Contact CENTURY 21 Commercial New Millennium for tour dates, bidding procedures and further information.

Location

State DC

County Washington

Zoning MU-7B

Interior

Hot Water Electric

Heating Other

Cooling Other

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Lot Description Backs - Parkland, Backs to Trees

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Smothers

Middle Schools Kelly Miller

High Schools Woodson

School District District Of Columbia Public Schools

Others

Tax ID 5080-0031, 5080-0809, PAR-0176-0091

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Bankruptcy, Third Party Approval


Bright MLS (BMLS)

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Chris Fleming

Chris Fleming

NJ - Sales Assoicate | License ID: 2298483

+1(908) 283-0602

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4069-4089 MINNESOTA AVE NE