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    Four-Unit Residential Income Property Title is generated by Realmo AI

    1608 17TH Place SE, Washington, DC 20020

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    Claim this Listing
    For Sale
    Under Contract
    $550,000

    MULTI_FAMILY - WASHINGTON, DC

    Property size:
    2,720 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $202/SF
    Added:
    Apr 17, 2026
    Days on Market:
    83
    Last Refresh:
    Jul 8 at 10:06 pm

    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

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    Contact an agent
    Abel M Gebremichael

    Listing agent Abel M Gebremichael License #SP98377913

    Listing office Keller Williams Capital Properties 519 C Street, WASHINGTON, DC

    Listing date Apr 17, 2026

    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.

    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.
    • Opportunity to set market‑rate rents: Maximize rental income.
    • Ideal for house‑hacking: Live in one unit and offset mortgage costs.
    • Brick construction: Durable building.

    Overview

    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.

    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 (±1% cap)
    NOI $48,066 @ 7.0% cap · market cap 8.74%
    Second Best
    Apartment 5plus
    $613.4K
    $536.7K – $715.7K (±1% cap)
    NOI $42,939 @ 7.0% cap · market cap 7.81%
    Theoretical Best
    Office A
    $1.40M
    $1.23M – $1.64M (±1% cap)
    NOI $98,304 @ 7.0% cap · market cap 17.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -76.97964
    Latitude
    38.87032

    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.
    More about this property
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