1941 16TH ST SE, Washington, DC 20020
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Graceann Tinney

Graceann Tinney

+1(267) 373-8244
Listed by Joe Martin • Keller Williams Capital Properties
$500,000
Est. payment /mo
3,488 SqFt
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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

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Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

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Graceann Tinney

Graceann Tinney

Agent RSRS344523

+1(267) 373-8244

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1941 16TH ST SE

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