Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1936
Sq.Footage
5,596
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. Investment Highlights •
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Heat Pump, Electric
-
Heating YN
YES
-
Heating
Electric, Forced Air, Heat Pump
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
-
View
City
Area & Lot
-
Lot Features
Corner Lot, Other
-
Property Type
Commercial Sale
Price
-
Sales Price
$1,350,000
-
Tax Amount
$7,007
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
4
-
New Construction
NO
-
Sewer
Public Sewer
-
Tax Lot
16
-
Water Source
Public
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Location
County
WASHINGTON
Elementary School
Middle School
High School
Listing Courtesy of Alex Saenger , CENTURY 21 New Millennium
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AGENT
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