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1212 16Th Street NE Washington, DC $ 1,099,000
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1212 16Th Street NE
$ 1,099,000
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1212 16Th Street NE

Washington, DC, 20002
$ 1,099,000
Bedrooms8 Baths0.0

Monthly Estimate*

$ 7,304

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Multi-Family Home for sale in Washington, DC

for $1,099,000 with 8 bedrooms. This home was built in 1942 on a lot size of 0.07.

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.

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Multi-Family Contingent

Price

$ 1,099,000

Bedrooms

8

Property Type

Multi-Family

Taxes

$ 5,570

Style

Federal

Lot Size

0.07

Year Built

1942

Town/City

Washington

County/Region

District of Columbia

MLS | Web ID

DCDC2137154
Features
Interior
Heating Fuel Natural Gas
Basement Rear Entrance Sump Pump Other
Flooring Laminated
Hot Water Natural Gas
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix STREET
Central Air Y/N Y
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General
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
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 N
Property Type Multi-Family
Subdivision Name TRINIDAD
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE UNDER CONTRACT
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.
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
Waterfront Y/N N
Street Name 16TH
Tax Annual Amount 5570.0
Home Warranty Y/N N
Property Condition Very Good
Two Bedroom 4
Structure Type Interior Row/Townhouse
Price Per Sq Ft Total 416.29
Rent Control Y/N N
Vacation Rental Y/N N
Days on Market 36
Lease Type None
Standard Status Active Under Contract
Year Built Source Assessor
Legal Subdivision Trinidad
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Pool No Pool
Parking Features Fenced
Water Source Public
Type of Parking On Street Off Street
Foundation Details Other
Spa N
Water View Y/N N
Lot Size Acres 0.07
Lot Size Units Square Feet
Lot Size Source Assessor
Soil Types Urban Land-Sassafras-Chillum
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1212
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* Excluded Features
List By
Compass

Broker

noelsesay@gmail.com

Email

Affordability Calculator

$7,768
Per Month
94%
6%
0%
Monthly Principal & Interest
$7,304
Monthly Property Taxes
$464
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3533234 Elementary School
3533273 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/15/2024$1,099,000 Listed Price

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1212 16Th Street NE, Washington, DC, 20002 is a Multi-Family Home for sale at $1,099,000 with a lot size of 0.07. 1212 16Th Street NE has 8 bedrooms, 0.0 baths, and was built in 1942. The property's zip code is 20002 which is in Washington, DC

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