1010-1012 16TH Street NE - Apartments FOR SALE


Washington, DC 20002- Trinidad
$745,000 USD
202-963-0935
1010-1012 16TH Street NE, Washington, DC for Sale
$745,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

1010-1012 16TH Street NE
Washington, DC 20002
Trinidad


HIGHLIGHTS

  • 50% of building is vacant.
  • Spacious 1BD/1BA + DEN layouts that can be converted into 2BD units.
  • Prime Corner Lot Location in Emerging Submarket

OVERVIEW

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. 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.

FOR SALE DETAILS

PRICE

$745,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

6

PRICE/UNIT

$124,167

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,732 SF

ZONING

RF-1

APN/PARCEL ID

4075-0176

ASK ABOUT THIS PROPERTY

Noble DavisSAMSON PROPERTIES OF DC LLCMore Info
202-963-0935

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Noble DavisSAMSON PROPERTIES OF DC LLCMore Info
202-963-0935

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.