Multifamily Opportunity in Growing
1010-1012 16TH Street NE Washington, DC 20002
For Sale
Under Contract
$745,000
MULTI_FAMILY - Other - WASHINGTON, DC
Lot Size0.09 Acres
Days on Market88
Property Features for 1010-1012 16TH Street NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Standard status
Active Under Contract
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
5178
Utilities
Heating system
Other (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1940
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Samson Properties
(202) 938-0228
Listed By:
ivory nana frimpong
(703) 772-6365
Added: May 4
Changed: Jun 9
Last Checked: Jul 30 at 1:06AM
MLS# DCDC2259674
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Investment Insights
Based on property information with market context.
This multifamily property, located on a prime corner lot, features six units across two buildings. Each unit has a spacious one-bedroom, one-bathroom layout with a den, offering the potential to convert them into two-bedroom units. Located in Trinidad, the property is positioned within 0.6 miles of the H Street Corridor and approximately 1.0 mile from the Union Market District. The asset is also 0.8 miles to Gallaudet University and 1.2 miles to the NoMa submarket. The property currently contains three vacant units and three occupied units on month-to-month leases, presenting immediate value-add opportunities through lease-up and strategic repositioning. The property is also approximately 1 mile from the planned Washington Commanders stadium redevelopment at the RFK site. At full optimization, Section 8 rents are projected up to $2,545 for two-bedroom units at this address. The continued eastward expansion of Union Market and NoMa into Trinidad has supported strong rent growth and long-term appreciation in the area. The lot size is 0.0874 acres.
Key Highlights
- Significant rental upside potential by converting 1BD/1BA + den units into 2‑bedroom units.
- Immediate value‑add opportunity through lease‑up of vacant units and repositioning occupied units with below‑market rents.
- Projected stabilized NOI of $95,662+ (pro forma available upon request).
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily property with value-add potential in Trinidad neighborhood.
Where is this apartment building located?
The property is located at 1010-1012 16TH Street NE Washington, DC.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Significant rental upside potential by converting 1BD/1BA + den units into 2‑bedroom units.; Immediate value‑add opportunity through lease‑up of vacant units and repositioning occupied units with below‑market rents.; Projected stabilized NOI of $95,662+ (pro forma available upon request).
