$ 500,000
-
$500,000
Price -
4
Bed - Bath
-
3,488
SqFt
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About the Listing KWCP1 - 3378327,92722
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!
Listing Highlights for 1941 16th St SE
Status
Active With Contingency
Days on Site
137
Property Type
Multi-Family
MLS ®
DCDC2206812
Year Built
1929
Total Square Footage
3,488
Lot/Acreage
0.05
County
Washington
School District
District Of Columbia Public Schools
Interior Details
- Bedrooms: 4
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor: Carpet,Hardwood
- Above Ground Sq Ft: 2448
- Below Ground Sq Ft: 1040
- Basement:
- Other: Bathroom - Tub Shower,Entry Level Bedroom
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: R-3
- Roof:
- Others: Below Average
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $5,363
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
1941 16th St SE Washington, DC 20020
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