1010-1012 16th St Ne, Washington, DC 20002

Washington
Local realty services provided by:Better Homes and Gardens Real Estate Realty Connect
1010-1012 16th St Ne,Washington, DC 20002
$745,000
  • 6 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: ivory frimpong
Office: samson properties
MLS#:DCDC2259674
Source:BRIGHTMLS

Price summary

  • Price:$745,000

About this home

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...

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Home facts

  • Year built:1940
  • Listing ID #:DCDC2259674
  • Added:191 day(s) ago
  • Updated:November 12, 2026 at 09:17 AM

Rooms and interior

  • Bedrooms:6

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Natural Gas, Radiator

Structure and exterior

  • Year built:1940
  • Lot area:0.09 Acres
  • Architectural Style:Dwelling with Rental
  • Construction Materials:Brick

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$745,000
  • Tax amount:$5,178 (2025)

Parking

  • Parking description:Off Street

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