Renovated Two-Unit
For Sale
$579,000
1268 16TH ST NE, Washington, DC 20002
Both residences have separate meters and restored interiors with wood flooring, granite counters, and ceramic baths.
Property Size1,184 SF
Price / SF$489.02
Days on Market9
Property Features for 1268 16TH ST NE
General Information
Standard status
Active
Size
1,184 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
Long & Foster Real Estate, Inc.
(202) 483-6300
Listed By:
Andrew L Pariser · License #SP98373795
(410) 371-0581
Source:
Keygroupmd
Added: Sep 28
Last Checked: Oct 5 at 6:47PM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
At 1268 16th St NE, this renovated duplex contains two residences, each configured with 2 bedrooms and 2 baths. Separate meters serve the units. Interior details include recessed lighting, wood floors, granite counters, and ceramic baths.
The property is in Trinidad, near restaurants, bars, and coffee shops.
The property is in Trinidad, near restaurants, bars, and coffee shops.
Key Highlights
- Two residences, each with 2 bedrooms and 2 baths
- Units are separately metered
- Renovated interiors feature recessed lighting and wood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,557
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,140
$451.1K
Cap Rate 7%
$322,243
$322.2K
Cap Rate 9%
$250,633
$250.6K
Market Conditions
NOI Build-Up for 1,184 SF
Gross rent
$34.1K $28.80/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$32.2K $27.22/SF
− OpEx
−$9.7K −$8.16/SF
NOI
$22.6K $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%
$451,140
Cap Rate 7%
$322,243
Cap Rate 9%
$250,633
Alternative Uses
Best Use
Multifamily LT 5
$322.2K
$282.0K – $376.0K
NOI $22,557 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$288.0K
$252.0K – $336.0K
NOI $20,157 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$611.3K
$534.9K – $713.2K
NOI $42,791 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,452
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate meters and restored interiors with wood flooring, granite counters, and ceramic baths.
Where is this duplex located?
The property is located at 1268 16TH ST NE Washington, DC.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 baths; Units are separately metered; Renovated interiors feature recessed lighting and wood floors
