Back to Search
Four-Unit Residential Income Property

1608 17TH Place SE Washington, DC 20020

1608 17TH Place SE, Washington, DC, 20020
$550,000
For Sale
Under Contract
Claim this Listing
$550,000

MULTI_FAMILY - WASHINGTON, DC

Property Size2,720 SF
Lot Size0.07 Acres
Price / SF$202.21
AddedApr 17
Days on Market91
Last RefreshJul 16 at 6:06 am

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

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.


Investment Insights

Based on property information with market context.

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.

Key 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.

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 Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

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.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message