Building Details

Building Size 2,640 SF

Year Built 1940

Units 4

Listing Agency: Equilibrium Realty, LLC

Listed By: Daniel T Crosby · License #SP98358919 Show Phone

Source: Elliman

Added: Apr 15 Changed: Oct 10 Last Checked: Oct 15 at 1:15AM

Report an Issue

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 Equilibrium Realty, LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Located in Trinidad, this vacant 4-unit multifamily building presents a value-add opportunity. Each unit features 2 bedrooms and 1 full bath. The property is suitable for investors, developers, or owner-operators looking to reposition and maximize returns. The property sustained a fire in June 2025 and is being sold as-is, making it ideal for renovation, restoration, or redevelopment. There is potential for rental income, condo conversion, or long-term hold in an area experiencing growth and demand. The location provides access to public transportation, neighborhood shopping, the H Street Corridor, Union Market, Gallaudet University, Langston Golf Course, the United States National Arboretum, Route 50, and 295. The bike score is 97, the walk score is 78, and the transit score is 72.

Key Highlights

• Fully vacant 4‑unit multifamily building: Ideal for renovation, restoration, or redevelopment.
• Strong upside potential: Explore rental income, condo conversion, or long‑term hold.
• Prime location in Trinidad: Convenient access to H Street Corridor, Union Market, and other attractions.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,295

Cap Rate

7.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,005,900 $1.0M

Cap Rate 7%

$718,500 $718.5K

Cap Rate 9%

$558,833 $558.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,640 SF

Gross rent

$76.0K $28.80/SF

− Vacancy

−$4.2K −$1.58/SF

EGI

$71.9K $27.22/SF

− OpEx

−$21.6K −$8.16/SF

NOI

$50.3K $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%

$1,005,900

Cap Rate 7%

$718,500

Cap Rate 9%

$558,833

Alternative Uses

Best Use

Multifamily LT 5

$718.5K

$628.7K – $838.3K (±1% cap)

NOI $50,295 @ 7.0% cap · market cap 7.74%

Second Best

Apartment 5plus

$642.1K

$561.8K – $749.1K (±1% cap)

NOI $44,945 @ 7.0% cap · market cap 6.91%

Theoretical Best

Office A

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,413 @ 7.0% cap · market cap 14.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Skin Care Clinic Acupuncture Home Appliance Store Furniture & Home Goods HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

See more

4-Unit Brick Quadplex

1322 DOWNING Place NE, Washington, DC 20018

$629,000

2,600 SF

View details

Brick Quadplex with Vacant Unit

1322 DOWNING NE, Washington, DC 20018

$629,000

View details

Brick Four-Unit Quadplex

1732 S Street SE, Washington, DC 20020

$689,000

2,720 SF

View details

4-Unit Apartment Building

4342 HALLEY TERRACE SE, Washington, DC 20032

$600,000

View details

Vacant Four-Unit Quadplex

133 35th St NE, Washington, DC 20019

$599,000

2,720 SF

View details

All-Brick Four-Unit Multifamily

1704 West Virginia Ave NE, Washington, DC 20002

$585,000

2,560 SF

View details

Vacant Four-Unit Brick Quadplex

3317 15TH Street SE, Washington, DC 20032

$599,000

2,520 SF

View details

Six-Unit Multifamily Property

2513-15 22ND STREET NE, Washington, DC 20018

$800,000

2,640 SF

View details

4-Unit Quadplex Shell

408 Newcomb St SE, Washington, DC 20032

$599,000

2,508 SF

View details

Four-Unit Multifamily Property

2029 E NE, Washington, DC 20002

$650,000

2,392 SF

View details

Two-Story Four-Unit Multifamily Building

2029 E St Ne, Washington, DC

$650,000

2,392 SF

View details

4-Unit Apartment Building

463 ORANGE Street SE, Washington, DC 20032

$559,000

2,574 SF

View details

Frequently Asked Questions

What type of property is this?

Quadplex - Vacant 4-unit building in prime location for renovation.

Where is this quadplex located?

The property is located at 1019 16TH St NE Washington, DC.

What is the asking price?

The asking price for this property is $649,999.

What are key features of this property?

This property features: Fully vacant 4‑unit multifamily building: Ideal for renovation, restoration, or redevelopment.; Strong upside potential: Explore rental income, condo conversion, or long‑term hold.; Prime location in Trinidad: Convenient access to H Street Corridor, Union Market, and other attractions.