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Listed by ivory frimpong • Samson Properties
$ 745,000
Est. payment /mo
New
1010-1012 16TH ST NE Washington, DC 20002
3,808 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID DCDC2259674
Style Dwelling with Rental
Year Built 1940
Annual Tax Amount $5,178
Tax Year 2025
Lot Size 3,808 Sqft
Acres 0.09
Property Sub-Type Other
Source BRIGHT
Property Description
Prime corner-lot multifamily opportunity (1010 & 1012 16th St NE) positioned directly in the path of growth. This 6-unit asset spans across two buildings and features (6) spacious 1BD/1BA + den layouts, each with the potential to be converted into 2-bedroom units—unlocking significant rental upside.
At full optimization, Section 8 rents are projected up to $2,545 for 2-bedroom units at this address. The property currently contains 3 vacant units and 3 occupied units at below-market rents. The (3) occupied units are all on month-to-month leases. This asset offers immediate value-add through lease-up and strategic repositioning. Projected stabilized NOI is approximately $95,662+ (pro forma available upon request).
Located in Trinidad, the property is within 0.6 miles of the H Street Corridor and approximately 1.0 mile from the Union Market District, a rapidly expanding mixed-use hub with over $2B+ in investment. The asset is also 0.8 miles to Gallaudet University and 1.2 miles to the NoMa submarket, both key drivers of tenant demand. The continued eastward expansion of Union Market and NoMa into Trinidad has supported strong rent growth and long-term appreciation in the area.
The property is also approximately 1 mile from the planned Washington Commanders stadium redevelopment at the RFK site, one of the largest long-term redevelopment projects in Washington, DC, expected to drive significant economic growth, infrastructure improvements, and neighborhood appreciation.
Investor Open House Scheduled for Thursday 5/7 12-2PM. Call listing agent to reserve your time.
At full optimization, Section 8 rents are projected up to $2,545 for 2-bedroom units at this address. The property currently contains 3 vacant units and 3 occupied units at below-market rents. The (3) occupied units are all on month-to-month leases. This asset offers immediate value-add through lease-up and strategic repositioning. Projected stabilized NOI is approximately $95,662+ (pro forma available upon request).
Located in Trinidad, the property is within 0.6 miles of the H Street Corridor and approximately 1.0 mile from the Union Market District, a rapidly expanding mixed-use hub with over $2B+ in investment. The asset is also 0.8 miles to Gallaudet University and 1.2 miles to the NoMa submarket, both key drivers of tenant demand. The continued eastward expansion of Union Market and NoMa into Trinidad has supported strong rent growth and long-term appreciation in the area.
The property is also approximately 1 mile from the planned Washington Commanders stadium redevelopment at the RFK site, one of the largest long-term redevelopment projects in Washington, DC, expected to drive significant economic growth, infrastructure improvements, and neighborhood appreciation.
Investor Open House Scheduled for Thursday 5/7 12-2PM. Call listing agent to reserve your time.
Location
State DC
County Washington
Zoning RF-1
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Dwelling with Rental
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 4075//0176
Ownership Fee Simple
Special Listing Condition Standard
