Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision 16Th Street Heights
MLS Listing ID DCDC2267460
Year Built 1936
Annual Tax Amount $7,007
Tax Year 2024
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Rare opportunity to acquire a well-maintained six-unit apartment building in the highly desirable 16th Street Heights / Brightwood Park area of Northwest Washington, DC. Built in 1936, this classic brick apartment building consists of six one-bedroom, one-bath units and offers investors stable income with significant long-term upside in one of DC's most established residential neighborhoods.
The property features spacious one-bedroom floor plans, hardwood flooring, updated kitchens in select units, on-site laundry facilities, basement storage, and off-street parking availability. Residents enjoy convenient access to Rock Creek Park, 16th Street, public transportation, neighborhood shopping, dining, and major commuter routes throughout the District and surrounding metropolitan area.
Current operations include a mix of market-rate and voucher-assisted tenancy, creating a diversified income stream. Based on current rents, the property generates approximately $148,164 in annual gross income. After operating expenses of approximately $30,445 annually, the building produces an estimated Net Operating Income (NOI) of $117,719, resulting in an attractive 8.7% capitalization rate at the asking price of $1,350,000. This represents a compelling opportunity for investors seeking immediate cash flow and long-term appreciation potential in the Washington, DC market. All numbers based on 2025 full year expenses.
Investment Highlights
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Location
State DC
County Washington
Zoning R-5-A
Interior
Hot Water Natural Gas, Electric
Heating Forced Air, Heat Pump(s)
Cooling Central A/C, Heat Pump(s)
Inclusions All appliances As-Is, Where-Is
Heat Source Electric
Exterior
Garage Spaces 2.0
Water Access N
View City
Accessibility None
Total Parking Spaces 2
Garage N
Building
Lot Description Corner, Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 2798//0016
Ownership Other
Security Features Main Entrance Lock
Acceptable Financing Cash, Exchange, Conventional, Negotiable
Listing Terms Cash, Exchange, Conventional, Negotiable
Financing Cash,Exchange,Conventional,Negotiable
Special Listing Condition Standard
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