1941 16th St Se, Washington, DC 20020

$500,000
: 2,448
SqFt

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List Price: $500,000
Price Change: ▼ $250,000 1757002349
Days on Market: 85
Status: ACTIVE UNDER CONTRACT
MLS#: DCDC2206812
Living Area: 2,448
Lot Size (Acres): 0.05
Style: Traditional
Year Built: 1929
County: Washington DC
School District: District Of Columbia Public Schools

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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!

(301) 943-0355

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