District of Columbia
Washington
1111 16TH STREET

$1,450,000

1111 16TH STREET, Washington, DC 20002

4,152 sqft

Multi-Family Home
Built in 1952
2,614sqft lot
—— car garage
$349/sqft
Listed 4 months ago

Property Description

Property for Auction. For interior access please allow 3 days to schedule. ***Submit an offer through Aution's portal.*** This well-maintained, 4-unit property presents an incredible opportunity for investors looking to generate strong returns. Situated in a thriving neighborhood with easy access to public transportation, dining, and shopping, this property offers both convenience and significant appreciation potential. High-Income Potential: Generates over $150,000 in gross annual rent with an 8% cap rate. Turnkey & Well-Maintained: The property undergoes continuous annual inspections, ensuring compliance, upkeep, and long-term value. Ideal for Investors or House-Hackers: Expand your portfolio or live in one unit while generating passive income from the others. Don’t miss this rare multi-unit gem—an investment opportunity that combines prime location, strong rental income, and long-term growth potential! Contact us today for more details.

Listing Status:: Active
Date Added:: January 30, 2025 at 06:00AM
Listing Office:: Smart Realty, LLC : 3014451395
Listing Agent:: Asila Sayedi : 7033989355
MLS ID:: DCDC2176364

A/C: Central A/C
Heating: YForced AirElectric
Disability Feature: None

This listing courtesy of Asila Sayedi, Smart Realty, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Wheatley Education Campus

1299 Neal St NE, Washington, DC, 20002

Grades EE-8

0.40 miles away

Wheatley Education Campus

1299 Neal St NE, Washington, DC, 20002

Grades EE-8

0.40 miles away

Phelps Architecture Construction and Engineering High School

704 26th St NE, Washington, DC, 20002

Grades 9-12

0.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.