1269 16TH STREET NE
About This Property
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 21, 2022 | No longer available | - | |
| No longer available | |||
| Sep 25, 2022 | In contract | - | |
| In contract | |||
| Sep 8, 2022 | Price Decreased |
$625,000
↓ $4K
(0.6%) | |
| Price Decreased | |||
| Aug 15, 2022 | Price Decreased |
$629,000
↓ $11K
(1.7%) | |
| Price Decreased | |||
| Jul 28, 2022 | Listed by Redfin Corp | $639,900 | |
| Listed by Redfin Corp | |||
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Fantastic opportunity to own this rarely available 2 unit building in one of the most sought after neighborhoods of DC, Trinidad. Each unit features 2 Bedrooms, 2 full baths, both with its own street level entrance, in unit washer/dryer and a rear exit to the fenced in backyard. This building has been very well maintained and both units are in move-in condition. These renovated units feature hardwood floors, recess lights, updated kitchen with stainless steel appliances, Granite countertops and updated bathrooms. Hot water heaters and washer/dryer were replaced in both units in 2021. This is the perfect location with an eclectic mix of dining, retail, and entertainment options surround you. Nearby to various shops, restaurants, stores, public transportation, Stadium-Armory Metro Station, NOMA Metro Station, H Street Corridor, and H St Trolley, Union Market, RFK Stadium Open Air Farmers' Market, RFK Stadium, Safeway, Aldi, Langston Golf Course and Driving Range, Hechinger Mall, and Kingman Park Trail. You can live in one unit and have leave other unit as income or just have both units rented. The manager has listed the unit size as 1184 square feet.
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About Northeast Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017