4224 16Th St Washington, DC 20011
- Churches & religious facilities
- 6,669 SF
Current Use by Public Records
- Churches & religious facilities
Property Details for 4224 16Th St
- Year built
- 1921
- Property size
- 6,669 SF
- Property type
- Churches & religious facilities
- Property subtype
- Medical offices
Description
This exceptional property at 4224 16th Street NW, Washington, DC 20011, offers 6,669 square feet of versatile space across two buildings and four stories. Built in 1921 and renovated in 2013, this classic brick federal-style building boasts a desirable location near Rock Creek Park with easy access to public transportation and off-street parking. The property sits on a large, fenced 7,423 square foot lot, providing high visibility from its corner location. The interior features 10-foot ceilings and abundant natural light from all sides. Currently vacant, this property presents a unique opportunity for a variety of uses, including embassy/diplomatic housing, daycare/child care facilities, religious organizations, creative offices, or medical/dental/legal/association offices. Previously configured as a grand residence with nine bedrooms, five and a half bathrooms, and three kitchens, the adaptable layout offers significant potential. The asking price is $2,399,000, representing a pro-forma cap rate of 9.82% and a pro-forma NOI of $235,686. This offering is priced below the appraised value of $2.7 million, making it a rare value proposition for a property of this size and location in Northwest DC. The property's size, location, and versatility make it an attractive investment opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- District of Columbia
- Longitude
- -77.036684130857
- Latitude
- 38.942931556583
