Multi-Family $ 500,000

1941 16TH ST SE

Washington, DC 20020

  • 3,488 SqFt
  • 2,256 Lot Size
  • 1929 Year Built
Investment opportunity! A tremendous chance to purchase, renovate, and stabilize this 4-unit, 1-bedroom/1-bathroom quadruplex in the heart of Anacostia—ideal for investors seeking strong cash flow or developers eyeing a condo conversion.

Each unit includes a private kitchen, and the building holds a valid Certificate of Occupancy for four units, ensuring legal compliance and flexibility. With potential rents of \$1,500 per unit, the property offers an excellent path to achieving an 8% or higher CAP rate once stabilized.

Major systems—including the roof, electrical, and plumbing—were replaced in 2019, so the building now only needs interior cosmetic renovations. There's also ample space for expansion, adding even more long-term upside.

Located just one block from Martin Luther King Jr. Avenue, three blocks from the Anacostia Gateway, and near the future Anacostia Arts & Business District and I-295, this property sits in a rapidly growing neighborhood with tremendous rental demand.

Sold strictly as is. Owner will make no repairs.

Don't miss this opportunity to unlock serious value and long-term returns in one of DC's most promising neighborhoods!
Listed by Joseph Ewing Martin Jr. of Keller Williams Capital Properties

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Detached

    Listing Status Under Contract

    Purchase Type For Sale

    Square Footage 3, 488 sqft

    Price per Sqft $143

    MLS Listing ID DCDC2206812

    Style Traditional

    Abv Grd Liv Area 2,448

    Year Built 1929

    Annual Tax Amount $5,363

    Tax Year 2024

    Lot Size 2,256 Sqft

    Acres 0.05

    Property Sub-Type Detached

    Source BRIGHT

  • Location

    State DC

    County Washington

    Zoning R-3

  • Building

    Foundation Other

    Above Ground Finished SqFt 2448

    Sewer Public Sewer

    Water Public

    Architectural Style Traditional

    Additional Building Above Grade, Below Grade

    Structure Type Dry Wall

    New Construction N

  • Interior

    Interior Features Bathroom - Tub Shower, Entry Level Bedroom

    Hot Water None

    Heating None

    Cooling None

    Flooring Carpet, Hardwood

    Fireplace N

    Heat Source Natural Gas

  • Exterior

    Utilities Available Natural Gas Available, Sewer Available, Water Available

    Water Access N

    Accessibility None

    Garage N

  • Schools

    School District District Of Columbia Public Schools

  • Others

    Tax ID 5766//0810

    Ownership Fee Simple

    SqFt Source 3488

    Security Features Main Entrance Lock

    Acceptable Financing Cash, Private

    Listing Terms Cash, Private

    Financing Cash,Private

    Special Listing Condition Standard

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