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2016 1st Street NW

Washington, DC 20001

– beds
– baths
2,859 sqft
1,800 sqft lot
$419 per sqft
1908 build

2016 1st Street NW, DC 20001, in the Le Droit Park subdivision is a newly renovated building situated on a .04-acre lot, amassing three levels. Zoned RF-1, this historically zoned building includes 2,859 square feet of rentable space with three separately metered three units, comprised of a one-bedroom unit, a one-bedroom unit with a den and a two bedroom unit. Each of the units have energy efficient HVAC systems, new high efficiency washer and dryers, waterless tank water heaters, new luxury laminate flooring, stainless steel appliances, and granite counter tops, The building has also received a complete renovation in 2023 with a new roof, new electrical wiring, and new plumbing. The units all have front and rear alley access including patio deck spaces on the second and third floors. There are two parking spaces with access from the alley in the rear of the building. 2016 1st Street NW is being sold vacant and TOPA free. An investor can achieve a stabilized NOI of approximately $84,081 upon stabilization. This building offers a unique opportunity for a homeowner that wants to reside in one unit and lease out the two remaining units or an investor seeking cash-flow in this low-vacancy submarket. 2016 1st Street NW is located six blocks from the Shaw metro station, and it is centrally located between Howard University, two hospitals and walking distance to the central business district. LeDroit Park if one of Washington DC’s most affluent neighborhoods. The average median household income is $131,694 as of 2024, which is 175% of the national average. In addition, 41% of habitants hold a Master’s Degree or higher certification and 59% of the residents are between the ages of 25 and 44. Known for its Victorian Architecture, LeDroit Park has a profound history tied to Howard University, which borders the neighborhood. LeDroit Park has a consistent tenant base and is one of the highest demand rental markets in the city.

Listing courtesy of BRIGHT / Marcus & Millichap Real Estate

Last checked: Checking… • Last updated Oct 22, 2024 •

MLS# DCDC2152484 —

The Building

Year Built:

1908
Year Built Source:

Assessor
Year Major Reno/Remodel:

2024
New Construction:

No
Construction Materials:

Brick
Structure Type:

Interior Row/Townhouse
Architectural Style:

Dwelling with Rental, Unit/Flat
Building Units Total:

3
Window Features:

Vinyl Clad
Accessibility Features:

2+ Access Exits
Foundation Details:

Other
Green Energy Efficient:

HVAC, Lighting
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

2859

Interior

Interior Features:

Additional Stairway, Ceiling Fan(s), Dining Area, Flat, Pantry, Wood Floors
Room Count:

4
Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

2859
Living Area SqFt:

2,859 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

FHA, Conventional, Cash, VA
Possession:

Immediate

Location

Directions:

On 1st Street NW, located between U Street NW and V Street NW.
Latitude:

38.91750000
Longitude:

-77.01240000
Location Type:

Urban

The Property

Property Type:

Multi-Family
Property Subtype:

Triplex
Property Condition:

Excellent
Lot Size Units:

Square Feet
Lot Size Acres:

0.04
Lot Size Source:

Assessor
Lot SqFt:

1,800 Sqft
Zoning:

RF-1
View:

City
In City Limits:

Yes
Outdoor Living Structures:

Balconies- Multiple, Brick, Deck(s), Patio(s)
Other Structures:

Above Grade, Below Grade
Water View:

No
Soil Types:

Unknown
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

3116//0011
Tax Year:

2023
Tax Lot:

11
Tax Annual Amount:

$8,069
Tax Assessed Value:

$949,300
Year Assessed:

2023
City/Town Tax:

8069.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Hot Water
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Tankless
Water Source:

Public

Appliances

Appliances:

Built-In Range, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Microwave, Oven - Single, Stainless Steel Appliances, Washer, Water Heater - Tankless

Schools

School District Name:

District Of Columbia Public Schools
School District Source:

Listing Agent

The Community

Subdivision Name:

Bloomingdale
Pool:

No Pool
Municipal Trash:

Yes

Parking

Total Garage and Parking Spaces:

2
Garage:

No
Type of Parking:

Off Street
Parking Features:

Fenced, Paved Driveway, Private, Secure Parking
Off Street - # of Spaces:

2

Extra Units

Vacation Rental:

No
One Bedroom Units:

2
Two Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/22/24 Oct 22, 2024	Price Changed	BRIGHT	$1,200,000	-5.9%
8/26/24 Aug 26, 2024	Price Changed	BRIGHT	$1,275,000	-7.3%
7/30/24 Jul 30, 2024	Listed / Active	BRIGHT	$1,375,000

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This multifamily located in Northwest Washington, Washington, DC 20001 is currently for sale for $1,200,000. 2016 1st Street NW is a 2,859 square foot multifamily with – beds and – baths. 2016 1st Street NW is in the Northwest Washington neighborhood of Washington and has a WalkScore® of 89, making it very walkable.

Listing Courtesy of: BRIGHT and Marcus & Millichap Real Estate.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. 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.