Four-Unit Multifamily
1616 ISHERWOOD Street NE Washington, DC 20002
1616 ISHERWOOD Street NE, Washington, DC, 20002
$1,200,000
For Sale
$1,200,000
MULTI_FAMILY - Colonial - WASHINGTON, DC
Property Size3,202 SF
Lot Size0.08 Acres
Price / SF$374.77
Days on Market134
Property Features for 1616 ISHERWOOD Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Interior features
- Bathroom - Stall Shower, Bathroom - Tub Shower, Floor Plan - Traditional, Floor Plan - Open
- Appliances
- Refrigerator, Stove
- Standard status
- Active
- Size
- 3,202 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9516
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1932
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Colonial
Listing Agency
Real Broker, LLC
(855) 450-0442
1765 Greensboro Station Place unit: 900, NEW YORK, DC
Listed by
Norman Slye · License #SP98375116
(302) 480-0070
Added: Mar 10 Updated: Jun 9 at 12:16 pm Checked: Jul 21 at 4:06 am
MLS# DCDC2249580
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.
This four-unit multifamily property offers a strong starting income profile alongside clear repositioning potential. One unit is Section 8/HCV-subsidized, providing a stable, guaranteed rental income floor, while the remaining three units are currently vacant and present an opportunity for new leases. The building has been updated to current code standards, supporting straightforward re-leasing and tenant readiness. Select units have been virtually staged, and a rent roll is available upon request.
Set in Kingman Park, the property is on a quiet residential block with convenient access to everyday retail and dining options, as well as parks and transit. It is positioned just minutes from Capitol Hill and the H Street Corridor, with long-term growth drivers nearby, including the future RFK Stadium redevelopment site.
For investors, this is an income-producing asset designed for both near-term occupancy improvements and long-term market tailwinds. The combination of an occupied subsidized unit and available units makes it well-suited for an operator or buyer prepared to capitalize on lease-up momentum in a neighborhood with established demand.
Set in Kingman Park, the property is on a quiet residential block with convenient access to everyday retail and dining options, as well as parks and transit. It is positioned just minutes from Capitol Hill and the H Street Corridor, with long-term growth drivers nearby, including the future RFK Stadium redevelopment site.
For investors, this is an income-producing asset designed for both near-term occupancy improvements and long-term market tailwinds. The combination of an occupied subsidized unit and available units makes it well-suited for an operator or buyer prepared to capitalize on lease-up momentum in a neighborhood with established demand.
Key Highlights
- Four‑unit multifamily building at 1616 Isherwood St NE (Kingman Park), built in 1932.
- One unit is Section 8/HCV‑subsidized, providing guaranteed rental income; three units are currently vacant.
- All units have been updated to current code standards.
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 | $92.2k | $28.80 |
| − Vacancy | −$5.1k | −$1.58 |
| EGI | $87.1k | $27.22 |
| − OpEx | −$26.1k | −$8.16 |
| NOI | $61.0k | $19.05 |
3,202 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$871.5K
$762.5K – $1.02M
NOI $61,002 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$778.8K
$681.4K – $908.6K
NOI $54,513 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,724 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit rental with one Section 8/HCV subsidized unit and three vacant units ready for lease-up.
Where is this quadplex located?
The property is located at 1616 ISHERWOOD Street NE Washington, DC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four‑unit multifamily building at 1616 Isherwood St NE (Kingman Park), built in 1932.; One unit is Section 8/HCV‑subsidized, providing guaranteed rental income; three units are currently vacant.; All units have been updated to current code standards.
