BANKRUPTCY SALE
Minnesota Commons Apartments
4069-4089 Minnesota Ave NE Washington, DC 20019

VALUE-ADD APARTMENTS - NORTHEAST DC

OFFERED FOR SALE BY

H. JASON GOLD, TRUSTEE

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COMING SOON - 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 2 bedrooms or 3 bedrooms with a full bathroom. Construction was initiated in approximately 30 units, and with a 12%+/- 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.

 

Minnesota Commons is located in Opportunity Zone (OZ) Tract 007803 (Central Northeast). The new owner will take advantage of tax benefits offered through the Opportunity Zone program. The property is zoned Mixed Use (MU-7B), and permitted uses within this zoning district primarily include a broad range of commercial, institutional, and multiple dwelling unit residential development at varying densities. MU-7 is for medium density development with max FAR of 4.0 for residential (4.8 with IZ units) and 2.5 for commercial.

 

Based on a third-party report, the property is believed to be 83 units with an average 840 SF unit size. 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.

 

Residents benefit from exceptional access to transit and amenities. The Minnesota Ave Metro Station (Orange Line) is across the street, offering quick connections to downtown DC, Capitol Hill, and regional employment centers. Several Metrobus routes serve the immediate area, and major commuter arteries like I-295 and Benning Road are easily accessible. Ronald Reagan Washington National Airport (DCA) is just a 20-minute drive away, while Union Station—offering Amtrak, MARC, and VRE rail service—is less than 15 minutes by car or Metro.

 

This property is being sold by a Chapter 11 Bankruptcy Trustee; therefore, the sales are exempt from DC’s Tenant Opportunity to Purchase Act (TOPA). This allows for an expedited acquisition process, including necessary Bankruptcy Court approval. With 83 units, flexible zoning, tax benefits from the Opportunity Zone, immediate cash flow from existing tenants, and a clear path to redevelopment or repositioning, this offering is a compelling acquisition. Whether your strategy is to create high-quality workforce housing, pursue a LIHTC redevelopment, or convert to modern market-rate units, this asset offers scale, location, and long-term growth potential in the heart of a transforming DC submarket.

 

Offered for sale by H. Jason Gold, Chapter 11 Trustee. Tour dates are available by request. Contact CENTURY 21 Commercial New Millennium for further information. All sales are subject to Bankruptcy Court approval.

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HIGHLIGHTED FEATURES

 

PRIME LOCATION & ACCESSIBILITY
• Directly across from a major DC Government employment services hub
• Steps from the Minnesota Ave Metro (Orange Line) and multiple bus routes
• Minutes to Downtown DC, Union Station, and National Airport

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VALUE-ADD POTENTIAL WITH FLEXIBLE RENOVATION STRATEGY
• 83-unit portfolio across 11 buildings with low occupancy (~12%)
• Renovation initiated in ~30 units, offering immediate repositioning potential
• Exempt from DC TOPA due to bankruptcy sale — enabling expedited acquisition

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SURROUNDING GROWTH & COMMUNITY AMENITIES
• Adjacent to Friendship Collegiate Academy and Sharks Plaza retail center
• Nearby new developments including The Atrium and revitalization efforts
• Backs to Fort Mahan Park; access to green space, Anacostia trails, and cultural sites