Four-Unit Residential Income
1608 17TH Place SE Washington, DC 20020
1608 17TH Place SE, Washington, DC, 20020
$550,000
For Sale
Under Contract
$550,000
MULTI_FAMILY - WASHINGTON, DC
Property Size2,720 SF
Lot Size0.07 Acres
Price / SF$202.21
Days on Market93
Property Features for 1608 17TH Place SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active Under Contract
- Size
- 2,720 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4830
Utilities
- Heating system
- Other (Heating)
Building Details
- Year built
- 1938
- Number of units
- 4
- Building materials
- Brick
Listing Agency
Keller Williams Capital Properties
(202) 243-7700
519 C Street, WASHINGTON, DC
Listed by
Abel M Gebremichael · License #SP98377913
(202) 601-0160
Added: Apr 17 Checked: Jul 18 at 5:06 am
MLS# DCDC2250322
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
1608 17th Place SE is a four-unit residential income property with four large 2-bedroom units. The building is listed as 100% vacant and positioned as turnkey, with interior updates described across modern flooring and updated kitchens. With approximately 2,720 square feet of total building area on a 0.0692-acre lot, the property presents a clean, single-owner takeover scenario where all units are available to lease or occupy.
The address is located in Washington, DC 20020 at 1608 17th Place SE. Interior pictures are noted as coming soon, but the offering highlights that the units have been refreshed throughout and are ready for immediate next steps.
For buyers and operators, the practical advantage here is simple: no unit-turn dependencies, since all four units are vacant. That can reduce the administrative friction that often comes with mixed occupancy, and it allows a new owner to plan leasing or move-in activity across the full building from the start. This is a small-scale multi-family asset designed for anyone seeking a fully available portfolio of units within a single property.
The address is located in Washington, DC 20020 at 1608 17th Place SE. Interior pictures are noted as coming soon, but the offering highlights that the units have been refreshed throughout and are ready for immediate next steps.
For buyers and operators, the practical advantage here is simple: no unit-turn dependencies, since all four units are vacant. That can reduce the administrative friction that often comes with mixed occupancy, and it allows a new owner to plan leasing or move-in activity across the full building from the start. This is a small-scale multi-family asset designed for anyone seeking a fully available portfolio of units within a single property.
Key Highlights
- 100% Vacant 4‑unit building: Immediate occupancy and income potential.
- Freshly updated units: Ready for immediate occupancy.
- Large 2‑bedroom units: Offers comfortable living spaces.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.4k | $27.00 |
| − Vacancy | −$4.8k | −$1.76 |
| EGI | $68.7k | $25.25 |
| − OpEx | −$20.6k | −$7.57 |
| NOI | $48.1k | $17.67 |
2,720 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$686.7K
$600.8K – $801.1K
NOI $48,066 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$613.4K
$536.7K – $715.7K
NOI $42,939 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,304 @ 7.0% cap · market cap 17.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - All four units are vacant and freshly updated, supporting immediate occupancy and streamlined transition for a new owner.
Where is this quadplex located?
The property is located at 1608 17TH Place SE Washington, DC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 100% Vacant 4‑unit building: Immediate occupancy and income potential.; Freshly updated units: Ready for immediate occupancy.; Large 2‑bedroom units: Offers comfortable living spaces.
