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1010-1012 16th St
For Sale $745,000
$745,000
- 4 Units
- Unknown Sq Ft
- 3,808 Sq Ft
- Unknown Cap Rate
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $745,000 |
| Property Type | Other |
| Usable Sqft | 0 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1940 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4075//0176 |
| MLS # | DCDC2259674 |
| Property ID | 322815312 |
| Lot Sqft | 3,808 |
| Zoning | RF-1 |
| Total Units | 4 |
| Days on Market | 6 |
| Original List Price | Unknown |
| Date Updated | May 05, 2026 |
| Date Created | May 03, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
ivory nana frimpong an agent of .
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Data last updated: May 09, 2026.
Robert Crawford
REAL ESTATE AGENT