1111 16TH St NE
washington, DC 20002$1,450,000
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Property for Auction. For interior access please allow 3 days to schedule. ***Submit an offer through Aution's portal.***
This well-maintained, 4-unit property presents an incredible opportunity for investors looking to generate strong returns. Situated in a thriving neighborhood with easy access to public transportation, dining, and shopping, this property offers both convenience and significant appreciation potential.
High-Income Potential: Generates over $150,000 in gross annual rent with an 8% cap rate.
Turnkey & Well-Maintained: The property undergoes continuous annual inspections, ensuring compliance, upkeep, and long-term value.
Ideal for Investors or House-Hackers: Expand your portfolio or live in one unit while generating passive income from the others.
Don’t miss this rare multi-unit gem—an investment opportunity that combines prime location, strong rental income, and long-term growth potential! Contact us today for more details.
Details
4,152 Sq Ft
2,500 Sq Ft Exterior Space
Investment
$6,229 Annual Tax
Built in 1952
MLS/Listing ID DCDC2176364
4 Units
Listing Courtesy of SMART REALTY, LLC, ASILA SAYEDI - 703-398-9355
Source of Data: BRIGHT MLS
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the BrightMLS. Real estate listings held by brokerage firms other than Douglas Elliman of VA are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last date updated: 05/02/2025.
Source: Bright Multiple Listing Service, Inc.
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