16 days on rocket

1212 16th St NE, Washington, DC, 20002

$1,099,000

Home List Price

$10,000*

Closing Credit

0 Baths
2,640 SqFt
$416/SqFt
Multi
Schools Nearby

Location

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1212 16th St NE, Washington$1,099,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingFenced, On Street, Off Street
Year Built1942
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #DCDC2137154
Lot Size0.07 Acres
StatusActive
(ACTIVE)

About 1212 16th St NE

We are proud to present a rare investment opportunity with this fully vacant turn-key multi-family building, recently renovated and ready for immediate move-in. This property is ideal for a variety of investment strategies. Option 1: Buy as a primary residence, live in one unit, and rent out the rest. Option 2: Buy & hold, and rent out all four units at a good Cap Rate. All units are separately metered with their own Certificate of Occupancy. The Voucher Assistance Program pays $1680 per unit. Non-Voucher Market rent is $1500 per unit. Option 3: Purchase and redevelop as a condo conversion. There is room to build up, and allow for two-car parking in the back. The location is great, and in close proximity to new developments, Union Market, Gallaudet University, The National Arboretum, KIPP Academy, H Street Corridor, and Capitol Hill. The street is quiet and lined with mostly renovated and redeveloped homes and apartments. Off-Street Parking is possible.

Property Details

Property Features

Property Information:

  • Architectural Style: Federal
  • Year Built: 1942
  • Living Area: 2,640 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (202) 386-6330
  • Listing Agent: Noel P Sesay

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Washer, Dryer, Refrigerator, Oven, Gas Range
  • Basement: Yes
  • Flooring Type: Laminated

Exterior Features

Parking Information:

  • Parking: Fenced, On Street, Off Street

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Dunbar High School, Public District Grades 9-12
  • Wheatley Education Campus, Public District Grades EE-8

Other

Directions Information:

  • Directions: From Mount Olivet Rd NE, make a Right onto Holbrook St NE, make a Left onto Meigs Pl NE, then Left onto 16th St NE.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,099,000
  • Price Per SqFt: $416/SqFt

Tax Information:

  • Annual Amount: $4,730
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Washington, DC.

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Washington, DC

City

Med. Sold Price

$656.1K

Med. Price/SqFt

$509

Avg. Days On Market

34

# of Sold Homes

457

1212 16th St NE vs Washington

16 DAYS ON ROCKET

-18 Days

$1,099,000

+$442.8K More

$416/SqFt

-$93 Less

KEY TAKEAWAY

This property is $442.8K more than the Median Sold Price and $93/SqFt less than other homes in Washington, DC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DCDC2137154

Listing Office:

  • Office Name: Compass
  • Office Phone: (202) 386-6330
  • Listing Agent: Noel P Sesay

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 2:00:25 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 15, 2017Home Sold
$500,000
May 17, 2017Home Sold
$30,000
Jul 13, 2007Home Sold
$180,770

Tax History

YEARPROP. TAXASSESSMENT
2020$4,730$556,500
2019$4,346$511,330
2018$3,847$452,550
2017$3,437$404,330

History based on county public records data.

Payment Calculator

$5,553

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,361

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4580464
4
/10

  • Wheatley Education Campus

  • 1299 Neal St NE

  • 0.43 miles

  • Public District Grades EE-8

High School

school-card-donut-4580465
3
/10

  • Dunbar High School

  • 101 North St Nw

  • 1.80 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,685. Most Washington, DC residents have annual incomes less than $35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›District of Columbia›Washington›20002›1212 16th St NE

This home is located at 1212 16th St NE in Washington, DC and zip code 20002 in the Northeast neighborhood. This 2,640 square foot home, which was built in 1942, sits on a 0.07 acre lot. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $1,099,000.

In April 2024 more than 125 listings in Washington, DC were sold above the asking price. During the same period more than 134 listings were sold at asking price, while more than 198 were sold below. The number of homes for sale in Washington, DC increased by 24.6% between March 2024 and April 2024. Listings spent 34 days on the market in April 2024, and had a median list price of $656,135 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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