Quadplex with Enclosed
For Sale
$695,000
1018 16TH STREET NE, Washington, DC 20002
Four-unit property with two vacant units and two month-to-month occupancies.
Property Size3,296 SF
Price / SF$210.86
Days on Market40
Property Features for 1018 16TH STREET NE
General Information
Standard status
Active
Size
3,296 SF
Property subtype
Quadruplex
Additional Details
Public Transit
Yes
Multifamily Units
4
Building Details
Year Built
1940
Buildings
1
Tenancy
Multi
Listing Agency:
Michel Daley Realty
(202) 544-4445
Listed By:
Michel Daley · License #IB45362
(202) 744-3510
Source:
Cummingsrealtors
Added: Aug 28
Changed: Oct 6
Last Checked: Oct 5 at 6:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michel Daley Realty
Investment Insights
Based on property information with market context.
This 3,296-square-foot quadplex was built in 1940 and contains four residential units. Two units are vacant, while the remaining two are occupied by month-to-month tenants. Enclosed porches, separate front and rear entrances, and a sizable rear lot provide useful existing features for the property.
The building is located at 1018 16th Street NE in Washington, DC’s Trinidad neighborhood. The property is near the H Street corridor and the NoMa-Gallaudet U Metro Station, with Union Market, Joseph H. Cole Recreation Center, Langston Golf Course, and Kingman Island also identified in the surrounding area. The rear lot connects to a wide alley, adding practical access to the property.
The building is located at 1018 16th Street NE in Washington, DC’s Trinidad neighborhood. The property is near the H Street corridor and the NoMa-Gallaudet U Metro Station, with Union Market, Joseph H. Cole Recreation Center, Langston Golf Course, and Kingman Island also identified in the surrounding area. The rear lot connects to a wide alley, adding practical access to the property.
Key Highlights
- Four‑unit quadplex with two vacant units and two occupied units
- 3,296 square feet; built in 1940
- Enclosed porches with front and rear entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,793
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,860
$1.3M
Cap Rate 7%
$897,043
$897.0K
Cap Rate 9%
$697,700
$697.7K
Market Conditions
NOI Build-Up for 3,296 SF
Gross rent
$94.9K $28.80/SF
− Vacancy
−$5.2K −$1.58/SF
EGI
$89.7K $27.22/SF
− OpEx
−$26.9K −$8.16/SF
NOI
$62.8K $19.05/SF
Area
ZIP 20002
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,860
Cap Rate 7%
$897,043
Cap Rate 9%
$697,700
Alternative Uses
Best Use
Multifamily LT 5
$897.0K
$784.9K – $1.05M
NOI $62,793 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$801.6K
$701.4K – $935.2K
NOI $56,113 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,121 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,604
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with two vacant units and two month-to-month occupancies.
Where is this quadplex located?
The property is located at 1018 16TH STREET NE Washington, DC.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Four‑unit quadplex with two vacant units and two occupied units; 3,296 square feet; built in 1940; Enclosed porches with front and rear entrances
