$1,237,000

Property Description

Six-Unit Apartment Building | Offered at $1,350,000 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.

Property Facts & Features

Property Type

Multi Family

Status

Closed

Listed

Jun 9, 2026

Sold

Oct 7, 2026

List Price

$1,350,000

Price per Sq Ft

$222/sqft

ZIP Code

20011

Parking

On Street

Heating

Forced Air, Heat Pump(S)

Cooling

Central A/C, Heat Pump(S)

Construction

Brick

Style

Federal, Traditional

Property Tax (2026)

$6,161/yr

Assessed Value

$724,850

Neighborhood

Sixteenth Street Heights

County

District of Columbia

School District

District Of Columbia Public Schools

Estimated Value

Automated estimate. Not an appraisal.

Features & Amenities

Location

Lat 38.95746 · Lng -77.03191