Investment opportunity! A tremendous chance to purchase, renovate, and stabilize this 4-unit, 1-bedroom/1-bathroom quadruplex in the heart of Anacostia—ideal for investors seeking strong cash flow or developers eyeing a condo conversion.
Each unit includes a private kitchen, and the building holds a valid Certificate of Occupancy for four units, ensuring legal compliance and flexibility. With potential rents of \$1,500 per unit, the property offers an excellent path to achieving an 8% or higher CAP rate once stabilized.
Major systems—including the roof, electrical, and plumbing—were replaced in 2019, so the building now only needs interior cosmetic renovations. There’s also ample space for expansion, adding even more long-term upside.
Located just one block from Martin Luther King Jr. Avenue, three blocks from the Anacostia Gateway, and near the future Anacostia Arts & Business District and I-295, this property sits in a rapidly growing neighborhood with tremendous rental demand.
Sold strictly as is. Owner will make no repairs.
Don't miss this opportunity to unlock serious value and long-term returns in one of DC’s most promising neighborhoods!
Listed by Joseph Ewing Martin Jr.
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License #SP40003656
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Keller Williams Capital Properties
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5617165970
Last updated September 04, 2025
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Source: BrightMLS #DCDC2206812
Listing Facts
TypeMulti-family
NeighborhoodHistoric Anacostia
Days on Prevu78
Taxes$5,363/year
Size3,488 sqft
Price per sqft$143
Location
Mortgage Calculator
Listing History
09/04/2025
Price Decreased
$500,000
06/20/2025
Listed by Keller Williams Capital Properties
$750,000
Property Details for 1941 16TH Street SE
Exterior
Construction
New Construction: No
Number Of Units Total: 4
Property Condition: Below Average
Year Built: 1929
Architectural Style: Traditional
Construction Materials: Brick
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Size Acres: 0.05
Lot Size Source: Assessor
Lot Size Square Feet: 2,256
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $5,363.00
Tax Year: 2024
Interior
Features
Fireplace: No
Flooring: Carpet, Hardwood
Interior Features: Bathroom - Tub Shower, Entry Level Bedroom
Spa: No
Measurements
Living Area: 3,488
Living Area Source: Assessor
Other
Location
Tax Lot: 810
Parking
Parking
Garage: No
Utilities
Equipment
Sewer: Public Sewer
Utilities: Natural Gas Available, Sewer Available, Water Available
Water Source: Public
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