$750,000

1941 16TH ST SE, Washington, DC 20020

  • 3,488 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1929
  • Property Lot Size Icon2,178sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $215/sqft
  • Property List Date Icon Listed 17 days ago

Property 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!

Listing Status:
Active
Listing Office:
Keller Williams Capital Properties : 2022437700
Listing Agent:
Joseph Ewing Martin Jr. : 5617165970
MLS ID:
DCDC2206812
  • General: Bathroom - Tub ShowerEntry Level Bedroom
  • Flooring: CarpetHardwood
  • A/C: None
  • Heating: Natural Gas
  • Disability Feature: None

This listing courtesy of Joseph Ewing Martin Jr., Keller Williams Capital Properties

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

K

Ketcham Elementary School

1919 15th St SE, Washington, DC, 20020

Grades EE-5

0.08 miles away

K

Kramer Middle School

1700 Q St SE, Washington, DC, 20020

Grades 6-8

0.40 miles away

A

Anacostia High School

1601 16th St SE, Washington, DC, 20020

Grades 9-12

0.29 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.

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