1018 16th Street NEWashington, DC 20002

Description

MAKE AN OFFER. Owner is downsizing and willing to negotiate a strong offer with proof of funds. This well-maintained, value-added four-unit building is nestled withing the redeveloped and thriving Trinidad neighborhood. Two units are vacant; two are occupied with well-paying, month-to-month tenants who have expressed no interest to purchase. Est. rent potential: $105,600.00 annually (Based on DC Fair Market Rental Rates) The building features enclosed porches, front and rear entrances and a large back lot with access to a wide alley. Priced for quick sale, this building is a great opportunity for a first-time investor to buy and hold, or for a developer seeking to increase the FAR by adding new additions and amenities. Trinidad is a vibrant and historic Northeast Washington, D.C. neighborhood where rich heritage meets modern city living. The neighborhood features classic 20th-century brick rowhouses, lovely Victorians, and multifamily buildings on quiet, tree-lined streets just blocks away from the bustling H Street corridor for nightlife, the arts and world-class dining. It is also easily accessible via the Capital Bikeshare network, and close to the NoMa-Gallaudet U Metro Station. In addition, the property is minutes away from Union Market, the Joseph H. Cole Recreation Center, Langston Golf Course and Kingman Island.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Style

Dwelling with Rental

Year built

1940

Stories

2

Living area

3,296 Sq Ft

Lot size

0.06 acres

Zoning

RA-1

Days on market

57

MLS^® Listing#

DCDC2280250

Property Features

Interior

Ceiling Fan(s)

Appliances

Gas Range · Gas Oven · Gas Water Heater · Water Heater · Refrigerator

Cooling

Ceiling Fan(s) · None

Heating

Hot Water

Flooring

Carpet · Ceramic Tile · Hardwood

Pool

None

Parking

On Street

Lot features

Back Yard

Construction

Brick

Utilities

Natural Gas Available · Water Available · Electricity Available

Sewer

Public Sewer

Water source

Public

Schools

District

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Financial Details

Annual taxes

$5,938Tax year 2026

Assessed value

$690,270

Parcel number

4075//0174

Directions

Use GPS.