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Kingman Park Multifamily Investment

1616 Isherwood Street Northeast Washington, DC 20002

1616 Isherwood Street Northeast, Washington, DC, 20002
$1,200,000
For Sale
Claim this Listing
$1,200,000

Four-unit property in desirable location with income potential.

Property Size3,202 SF
Price / SF$374.77
AddedMar 10
Days on Market129
Last RefreshJul 15 at 3:04 pm

Property Features for 1616 Isherwood Street Northeast

General Information

Standard status
Active
Size
3,202 SF
Property subtype
Multi-Family / Fee Simple

Building Details

Year Built
1932

Listing office Real Broker, LLC

Listing date Mar 10, 2026

Source Compass

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 Real Broker, LLC


Investment Insights

Based on property information with market context.

Located in the Kingman Park neighborhood of Washington, DC, this four-unit multifamily property offers an investment opportunity with income potential. One unit is currently occupied, generating rental income. All units have been updated to current code standards. The property is located minutes from Capitol Hill and the H Street Corridor, with access to dining, nightlife, and retail destinations. The area is experiencing growth and investor interest, with return on investment and appreciation potential. The property is located near the site of the future redevelopment around RFK Stadium, with revitalization plans projected for completion around 2030. Situated on a residential block, the property offers tenants access to neighborhood amenities, shopping, parks, and transportation. The property size is 3202 square feet. The property is located within city limits. The school district is DISTRICT OF COLUMBIA PUBLIC SCHOOLS.

Key Highlights

  • Strong income potential with one unit generating guaranteed rental income.
  • Prime location in Kingman Park, minutes from Capitol Hill & H Street Corridor.
  • Proximity to the future RFK Stadium redevelopment project.

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 (±1% cap)
NOI $61,002 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$778.8K
$681.4K – $908.6K (±1% cap)
NOI $54,513 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M (±1% cap)
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

FAQs

What type of property is this?
Quadplex - Four-unit property in desirable location with income potential.
Where is this quadplex located?
The property is located at 1616 Isherwood Street Northeast 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: Strong income potential with one unit generating guaranteed rental income.; Prime location in Kingman Park, minutes from Capitol Hill & H Street Corridor.; Proximity to the future RFK Stadium redevelopment project.
Contact an agent
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