1941 16th St SE,WASHINGTON, DC 20020
WASHINGTON, DC 20020
Description
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!
Details
| MLS # | DCDC2206812 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract-bright |
| Year | 1929 |
| Days On Site | 480 |
| Listing Provided By | Keller Williams Capital Properties | Joseph Ewing Martin Jr. |
Features
| SQ Feet | 3,488 |
|---|---|
| Units | 4 |
| Zoning | R-3 |
| Acreage | 0.05 |
Interior
| Cooling | None |
|---|---|
| Heating | None |
| Interior Features | Bathroom - Tub Shower, Entry Level Bedroom |
Exterior
| Security Features | Main Entrance Lock |
|---|---|
| Construction Materials | Brick |
| Foundation Details | Other |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Natural Gas Available, Sewer Available, Water Available |
|---|
Taxes
| Tax Annual Amount | 5363 |
|---|
Area Information
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20020 |
| Area | WASHINGTON DC |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20020 |
| Area | WASHINGTON DC |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
