For sale
  • $750,000

    1941 16th St SE, Washington, DC 20020

    4beds
    --baths
    3,488sqft
    : 
    Quadruplex
    Built in 1929
    -- sqft lot
    $742,900 Zestimate®
    $215/sqft
    $-- HOA

    What's special

    Interior cosmetic renovationsPrivate kitchen
    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!
    65 days
    on Zillow
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