1941 16TH St SE Washington, DC 20020

Building Details

Year Built

1929

Listing Agency Keller Williams Capital Prop. b*@menkitigroup.com Show Phone

Listed by Obiora I Menkiti · License #SP40003656 Show Phone

Source Elliman

Added: Mar 11 Checked: Jul 17 at 3:31 am

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Investment Insights

Based on property information with market context.

This four-unit quadruplex presents an investment opportunity in the Anacostia neighborhood. Each unit features one bedroom and one bathroom, along with a private kitchen. The building has a valid Certificate of Occupancy for four units. The property is located 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. Major systems, including the roof, electrical, and plumbing, were replaced in 2019. There is ample space for expansion. The property is being sold as is, with the owner making no repairs. It is suited for investors seeking cash flow or developers considering a condo conversion.

Key Highlights

• High‑potential cash flow: Projected 8%+ CAP rate achievable with stabilized rents.
• Legally compliant: Valid Certificate of Occupancy for four units.
• Major systems updated: Roof, electrical, and plumbing replaced in 2019.

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FAQs

What type of property is this?

Quadplex - Four-unit property in a rapidly growing neighborhood, ideal for investors.

Where is this quadplex located?

The property is located at 1941 16TH St SE Washington, DC.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: High‑potential cash flow: Projected 8%+ CAP rate achievable with stabilized rents.; Legally compliant: Valid Certificate of Occupancy for four units.; Major systems updated: Roof, electrical, and plumbing replaced in 2019.