Renovated Quadplex with Central
For Sale
$799,000
2011 16TH STREET SE, Washington, DC 20020
Fully vacant four-unit quadplex with three 3BR units and one 2BR unit, renovated and ready for occupancy.
Property Size3,416 SF
Lot Size0.09 Acres
Price / SF$233.90
Days on Market17
Property Features for 2011 16TH STREET SE
General Information
Standard status
Active
Size
3,416 SF
Lot size
0.09 Acres
Property subtype
Quadruplex
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$5,576
Building Details
Building Size
3,416 SF
Year Built
1936
Buildings
1
Tenancy
Multi
Listing Agency:
Fairfax Realty Premier
(202) 422-8881
Listed By:
Amit Magdieli · License #98367803
(202) 422-8881
Source:
Kerishull
Added: Jul 29
Changed: Aug 8
Last Checked: Aug 14 at 1:12PM
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 Fairfax Realty Premier
Investment Insights
Based on property information with market context.
This fully vacant quadplex was completely renovated and is turn-key ready for tenants or owners to move in. The building includes four units: three 3BR units and one 2BR unit, each with an updated kitchen and finished wood or composite wood floors. Upgraded windows are included, and one unit features central air/heat.
The property is a stand-alone building on a deep 3,800 SF lot, built in 1936. It is positioned in an Opportunity Zone (OZ) in Historic Anacostia, a few close blocks to the heart of downtown Anacostia, and near multiple bus lines, retail, and commercial.
There is no TOPA indicated in the remarks, and a four-unit C of O is described as transferrable at sale. With strong on-site readiness for immediate occupancy, the configuration supports straightforward rental use for either a landlord or an owner-occupant.
The property is a stand-alone building on a deep 3,800 SF lot, built in 1936. It is positioned in an Opportunity Zone (OZ) in Historic Anacostia, a few close blocks to the heart of downtown Anacostia, and near multiple bus lines, retail, and commercial.
There is no TOPA indicated in the remarks, and a four-unit C of O is described as transferrable at sale. With strong on-site readiness for immediate occupancy, the configuration supports straightforward rental use for either a landlord or an owner-occupant.
Key Highlights
- Fully vacant four‑unit quadplex, renovated and turn‑key ready
- Three 3BR units and one 2BR unit
- Each unit includes an updated kitchen and finished wood or composite wood floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,366
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,207,320
$1.2M
Cap Rate 7%
$862,371
$862.4K
Cap Rate 9%
$670,733
$670.7K
Market Conditions
NOI Build-Up for 3,416 SF
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.
Gross rent
$92.2K $27.00/SF
− Vacancy
−$6.0K −$1.76/SF
EGI
$86.2K $25.25/SF
− OpEx
−$25.9K −$7.57/SF
NOI
$60.4K $17.67/SF
Area
ZIP 20020
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,207,320
Cap Rate 7%
$862,371
Cap Rate 9%
$670,733
Alternative Uses
Best Use
Multifamily LT 5
$862.4K
$754.6K – $1.01M
NOI $60,366 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$770.4K
$674.1K – $898.8K
NOI $53,927 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,458 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,140
Businesses Nearby
Explore this area
Business Placement
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully vacant four-unit quadplex with three 3BR units and one 2BR unit, renovated and ready for occupancy.
Where is this quadplex located?
The property is located at 2011 16TH STREET SE Washington, DC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fully vacant four‑unit quadplex, renovated and turn‑key ready; Three 3BR units and one 2BR unit; Each unit includes an updated kitchen and finished wood or composite wood floors
