Located in Kingman Park, one of Northeast DC's most consistently appreciating neighborhoods, 1616 Isherwood Street NE is a four-unit multifamily property offering a rare combination of immediate income, repositioning upside, and long-term location premium. The property currently has one Section 8 / HCV-subsidized unit generating guaranteed rental income, providing a… Read More stable income floor while three vacant units present a significant lease-up opportunity for the right investor. All units have been updated to current code standards. Positioned just minutes from Capitol Hill, the H Street Corridor, and the future RFK Stadium redevelopment site - a transformative mixed-use project projected to activate hundreds of acres along the Anacostia waterfront by 2030 - the property sits at the intersection of established neighborhood demand and catalytic long-term growth. Investors who moved early on H Street and NoMa know what proximity to a project of this scale means for appreciation curves. The building occupies a quiet residential block with convenient access to dining, retail, parks, and transit, making it naturally appealing to the professional renter profile this submarket consistently attracts. Select units virtually staged. Rent roll available upon request. An income-producing asset with room to run - in a corridor where the trajectory is already written. Read Less
Courtesy of Norman Slye, Real Broker, LLC 855-450-0442
Listing Snapshot
Days Online
104
Last Updated
Property Type
Quadruplex
Square Ft.
3,202
Lot Size
0.08 Acres
Year Built
1932
MLS Number
DCDC2249580
Additional Details
Appliances & Equipment
Refrigerator, Stove
Building
Built in 1932, Living area: 3202, Construction Materials: Brick
Cooling
Central A/C
Accessibility Features
None
Floors
Ceramic Tile, Laminate Plank
Foundation
Brick/Mortar
Heating
90% Forced Air
Interior Features
Bathroom - Stall Shower, Bathroom - Tub Shower, Floor Plan - Traditional, Floor Plan - Open
Lot
0.08 acres
Property
Very Good, Other structures: Above Grade, Below Grade
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