1027 16Th St Washington, DC 20002

This exceptional two-story apartment building, located at 1027 16th Street NE in Washington, DC, presents a compelling investment opportunity. Built in 1940, this 4-unit property sits on a 0.07-acre lot and is zoned RF-1. The asking price is $1,150,000, translating to $287,500 per unit. Each of the four units boasts two bedrooms and one bathroom. One unit, recently renovated last year, is currently vacant, offering immediate potential for rental income or owner occupancy. The remaining three units provide a steady stream of rental revenue. This property is ideally situated in the heart of Trinidad and Carver Langston, a vibrant neighborhood experiencing significant new development. Its proximity to H Street's dining and entertainment scene, Union Market, and Ivy City makes it highly attractive to renters. The location also offers convenient access to the Metro and trolley, appealing to those seeking a car-free lifestyle. The property's existing structure presents a solid foundation, with potential for future expansion, making it an excellent long-term investment for discerning buyers seeking a strong return in a rapidly appreciating area of Washington, DC. The property's zip code is 20002.