4224 16Th StWashington, DC 20011

Property Details for 4224 16Th St

Year built

1921

Property size (Sq ft)

6,669 SF

Property type

Healthcare properties

Property subtype

Other specialty properties

Description

This exceptional property at 4224 16th Street NW, Washington, DC 20011, offers 6,669 square feet of versatile space across two buildings and four stories. Built in 1921 and renovated in 2013, this classic brick federal-style building boasts a desirable location near Rock Creek Park with easy access to public transportation and off-street parking. The property sits on a large, fenced 7,423 square foot lot, providing high visibility from its corner location. The interior features 10-foot ceilings and abundant natural light from all sides. Currently vacant, this property presents a unique opportunity for a variety of uses, including embassy/diplomatic housing, daycare/child care facilities, religious organizations, creative offices, or medical/dental/legal/association offices. Previously configured as a grand residence with nine bedrooms, five and a half bathrooms, and three kitchens, the adaptable layout offers significant potential. The asking price is $2,399,000, representing a pro-forma cap rate of 9.82% and a pro-forma NOI of $235,686. This offering is priced below the appraised value of $2.7 million, making it a rare value proposition for a property of this size and location in Northwest DC. The property's size, location, and versatility make it an attractive investment opportunity.

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9429

Longitude

-77.0367

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