Washington, DC 20020,1941 16TH ST SE
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Listed by Joe Martin • Keller Williams Capital Properties
$ 500,000
Est. payment | /mo

3,488 SqFt


Save
$ 500,000
Est. payment | /mo
Save

3,488 SqFt

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Under Contract

Purchase Type For Sale

Square Footage 3,488 sqft

Price per Sqft $143

MLS Listing ID DCDC2206812

Style Traditional

Abv Grd Liv Area 2,448

Year Built 1929

Annual Tax Amount $5,363

Tax Year 2024

Lot Size 2,256 Sqft

Acres 0.05

Property Sub-Type Detached

Source BRIGHT

Property Description

Investment opportunity! A tremendous chance to purchase, renovate, and stabilize this 4-unit, 1-bedroom/1-bathroom quadruplex in the heart of Anacostia—ideal for investors seeking strong cash flow or developers eyeing a condo conversion.

Each unit includes a private kitchen, and the building holds a valid Certificate of Occupancy for four units, ensuring legal compliance and flexibility. With potential rents of \$1,500 per unit, the property offers an excellent path to achieving an 8% or higher CAP rate once stabilized.

Major systems—including the roof, electrical, and plumbing—were replaced in 2019, so the building now only needs interior cosmetic renovations. There's also ample space for expansion, adding even more long-term upside.

Located just one block from Martin Luther King Jr. Avenue, three blocks from the Anacostia Gateway, and near the future Anacostia Arts & Business District and I-295, this property sits in a rapidly growing neighborhood with tremendous rental demand.

Sold strictly as is. Owner will make no repairs.

Don't miss this opportunity to unlock serious value and long-term returns in one of DC's most promising neighborhoods!

Location

State DC

County Washington

Zoning R-3

Interior

Interior Features Bathroom - Tub Shower, Entry Level Bedroom

Hot Water None

Heating None

Cooling None

Flooring Carpet, Hardwood

Fireplace N

Heat Source Natural Gas

Exterior

Utilities Available Natural Gas Available, Sewer Available, Water Available

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Above Ground Finished SqFt 2448

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 5766//0810

Ownership Fee Simple

SqFt Source 3488

Security Features Main Entrance Lock

Acceptable Financing Cash, Private

Listing Terms Cash, Private

Financing Cash,Private

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Maury Elementary School

    Public | EE - 5

  • 8

    Center City Shaw Campus Public Charter School

    Public | PK - 8

  • 8

    Brent Elementary School

    Public | EE - 5

  • 8

    Two Rivers Public Charter School Elementary School

    Public | PK - 8

  • 8

    Ludlow-Taylor Elementary School

    Public | EE - 5

  • 8

    Watkins/Peabody Elementary School

    Public | EE - 5

  • 8

    Kipp Dc Spring Academy

    Public | KG - KG

  • 8

    D C Preparatory Benning Elementary Public Charter School

    Public | PK - 3

  • 7

    Seaton Elementary School

    Public | EE - 5

  • 7

    Basis Dc Public Charter School

    Public | 5 - 9

  • 7

    Kipp Dc Aim Public Charter School Academy Public Charter School

    Public | 5 - 8

  • 6

    Center City Congress Heights Campus Public Charter School

    Public | PK - 8

  • 6

    Randle Highlands Elementary School

    Public | EE - 5

  • 5

    Kipp Dc Will Academy Public Charter School

    Public | 4 - 8

  • 5

    J. O. Wilson Elementary School

    Public | EE - 5

  • 5

    Eagle Academy Public Charter School Eagle Center at Mcgogney

    Public | PK - 3

  • 5

    Excel Academy Public Charter School

    Public | PK - 5

  • 5

    Achievement Preparatory Academy Public Charter School

    Public | 4 - 8

  • 5

    Tyler Elementary School

    Public | EE - 5

  • 5

    Payne Elementary School

    Public | EE - 5

Middle Schools 20
  • 6

    Stuart Hobson Middle School

    Public | 6 - 8

  • 5

    Friendship Public Charter School Tech Preparatory

    Public | 6 - 11

  • 5

    Richard Wright Public Charter School for Journalism and Media Arts

    Public | 8 - 11

  • 5

    Seed Public Charter School of Washington Dc

    Public | 6 - 12

  • 4

    Walker-Jones Education Campus

    Public | EE - 8

  • 4

    Wheatley Education Campus

    Public | EE - 8

  • 4

    Browne Education Campus

    Public | EE - 8

  • 4

    Sousa Middle School

    Public | 6 - 8

  • 4

    Cesar Chavez Public Charter School for Public Policy-Parkside High School

    Public | 6 - 8

  • 3

    Eliot-Hine Middle School

    Public | 6 - 8

  • 3

    Benjamin Stoddert Middle School

    Public | 6 - 8

  • 2

    Hart Middle School

    Public | 6 - 8

  • 1

    Johnson Middle School

    Public | 6 - 8

  • 1

    Kramer Middle School

    Public | 6 - 8

  • 0

    Jefferson Middle School Academy

    Public | 6 - 8

  • 0

    Somerset Preparatory Academy Public Charter School

    Public | 6 - 8

  • 0

    McKinley Middle School

    Public | 6 - 8

  • 0

    Friendship Public Charter School Chamberlain Middle School

    Public | 6 - 8

  • 0

    Options Public Charter School

    Public | 6 - 12

  • 0

    Friendship Public Charter School Blow-Pierce Middle School

    Public | 6 - 8

High Schools 15
  • 8

    Thurgood Marshall Academy Public Charter School

    Public | 9 - 12

  • 8

    Kipp Dc College Preparatory Public Charter School

    Public | 9 - 12

  • 7

    Phelps Architecture Construction and Engineering H

    Public | 9 - 12

  • 6

    Friendship Public Charter School Woodson Collegiate Campus

    Public | 9 - 12

  • 5

    Cesar Chavez for Public Policy Capitol Hill Public Charter School

    Public | 9 - 12

  • 5

    Eastern High School

    Public | 9 - 12

  • 5

    Cesar Chavez for Public Policy Parkside Middle School Public Charter School

    Public | 9 - 12

  • 5

    Idea Public Charter School

    Public | 9 - 12

  • 3

    National Collegiate Preparatory Public Charter School

    Public | 9 - 12

  • 1

    Ballou High School

    Public | 9 - 12

  • 1

    Anacostia High School

    Public | 9 - 12

  • 1

    Potomac High School

    Public | 9 - 12

  • 0

    Gonzaga College High School

    Private | 9 - 12

  • 0

    Ballou Stay

    Public | 9 - 11

  • 0

    Model Secondary School for the Deaf

    Private | 9 - 12

School and business data provided by Attom Data.
Dagmar Torres

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+1(540) 919-1600

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1765 Greensboro Station Pl Suite #900 McLean, McLean, VA, 22102

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1941 16TH ST SE