Listed By:
Compass
Address
1212 16Th Street NE, Washington, DC
Price
$ 1,099,000
Property Attributes
  • MLS#DCDC2137154
  • TypeMulti-Family
  • CountyWASHINGTON
  • CityWashington
  • NeighborhoodTrinidad
  • Zip20002
  • StyleFederal
  • Year Built1942
  • Taxes$ 5570
  • Price$ 1,099,000
  • Bedrooms8
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3,049 SqFt
Data Source:
Bright MLS
Property Description

We are proud to present a rare investment opportunity with this fully vacant turn-key multi-family building, recently renovated and ready for immediate move-in. This property is ideal for a variety of investment strategies. Option 1: Buy as a primary residence, live in one unit, and rent out the rest. Option 2: Buy & hold, and rent out all four units at a good Cap Rate. All units are separately metered with their own Certificate of Occupancy. The Voucher Assistance Program pays $1680 per unit. Non-Voucher Market rent is $1500 per unit. Option 3: Purchase and redevelop as a condo conversion. There is room to build up, and allow for two-car parking in the back. The location is great, and in close proximity to new developments, Union Market, Gallaudet University, The National Arboretum, KIPP Academy, H Street Corridor, and Capitol Hill. The street is quiet and lined with mostly renovated and redeveloped homes and apartments. Off-Street Parking is possible.

Price History
4/15/2024 Listed $1,099,000

General Features

Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Utilities Natural Gas Available,Water Available,Electric Available
Possession Settlement
Roof Flat
Appliances Dishwasher,Disposal,Washer,Dryer,Refrigerator,Oven/Range - Gas
Zoning RESIDENTIAL
Pool Y/N No Pool
Architectural Style Federal
Construction Materials Brick
Year Built 1942
Property SubType Quadruplex
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Natural Gas
Accessibility Other
County WASHINGTON
New Construction No
Property Type Multi-Family
Subdivision Name TRINIDAD
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Transportation Bus Stop less than 1 mile
Status ACTIVE
Directions From Mount Olivet Rd NE,make a Right onto Holbrook St NE,make a Left onto Meigs Pl NE,then Left onto 16th St NE.
ModificationTimestamp 2024-04-21T08:41:14
City WASHINGTON
Buyer Agent Compensation 2.5
Disclosures Lead Based Paint - Federal,Lead Based Paint - State,Prop Disclosure
Total Units 4
Lot Size Square Feet 3041.00
Tax Assessed Value 714210.0
Waterfront Y/N No
Street Name 16TH
Tax Annual Amount 5570.0
Home Warranty Y/N No
Property Condition Very Good
Two Bedroom 4
Structure Type Interior Row/Townhouse
Price Per Sq Ft 416.29
Rent Control Y/N No
Vacation Rental Y/N No
Total SQFT 2960
Days on Market 7
Lease Type None
Standard Status Active
Year Built Source Assessor
Legal Subdivision Trinidad
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee No

Interior Features

Heating Fuel Natural Gas
Basement Rear Entrance,Sump Pump,Other
Flooring Laminated
Hot Water Natural Gas
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix STREET
Central Air Y/N Yes
LivingAreaSource Assessor

Exterior Features

Parking Features Fenced
Water Source Public
Type of Parking On Street,Off Street
Foundation Details Other
Spa No
Water View Y/N No
Lot Size Acres 0.07
Lot Size Units Square Feet
Lot Size Source Assessor
Soil Types Urban Land-Sassafras-Chillum
Navigable Water Y/N No
Water Oriented Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 20002

Price
AVG $1.24M
$1.1M
Taxes
AVG $7,465
$5,570
Visits
AVG 279
66
Data Provided by Inside Real Estate®
Year Built
AVG 1934
1942

Areas We Cover