Shell-Ready
1616 E Street NE Washington, DC 20002
New
1616 E Street NE, Washington, DC, 20002
$850,000
For Sale
$850,000
MULTI_FAMILY - WASHINGTON, DC
Property Size3,278 SF
Lot Size0.07 Acres
Price / SF$259.30
Days on Market4
Property Features for 1616 E Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Parking features
- On Street
- Standard status
- Active
- Size
- 3,278 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 103267
Building Details
- Year built
- 1936
- Number of units
- 4
- Building materials
- Brick
Listing Agency
CENTURY 21 Envision
(240) 232-7005
1318 Crain Highway, UPPER MARLBORO, DC
Listed by
Corey E Morgan · License #SP98367483
(202) 277-5179
Added: Jul 18 Checked: Jul 21 at 1:06 am
MLS# DCDC2274188
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 quadplex is being offered as a complete shell, ready for renovation. The property is positioned for a buyer looking to build out the interior following the existing shell condition.
The asset is located at 1616 E Street NE in Washington, DC 20002, and is described as being blocks from the newly planned Commanders Stadium. An approved short sale is noted in the public remarks.
With 3,278 square feet of total property size indicated, this is a compact multifamily opportunity for a renovation-focused buyer.
The asset is located at 1616 E Street NE in Washington, DC 20002, and is described as being blocks from the newly planned Commanders Stadium. An approved short sale is noted in the public remarks.
With 3,278 square feet of total property size indicated, this is a compact multifamily opportunity for a renovation-focused buyer.
Key Highlights
- Brick construction with on‑street parking
- Year built: 1936
- Approved short sale
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 | $94.4k | $28.80 |
| − Vacancy | −$5.2k | −$1.58 |
| EGI | $89.2k | $27.22 |
| − OpEx | −$26.8k | −$8.16 |
| NOI | $62.4k | $19.05 |
3,278 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$892.1K
$780.6K – $1.04M
NOI $62,450 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$797.2K
$697.6K – $930.1K
NOI $55,807 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,471 @ 7.0% cap · market cap 13.94%
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 - Complete shell-ready quadplex available for renovation, with an approved short sale and close proximity to the newly planned Commanders Stadium.
Where is this quadplex located?
The property is located at 1616 E Street NE Washington, DC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Brick construction with on‑street parking; Year built: 1936; Approved short sale
