Exceptional multifamily opportunity in the highly sought-after 16th Street Heights neighborhood! 1348 Nicholson presents a rare chance to own a well-maintained four-unit building in one of Northwest DC's most desirable and steadily appreciating communities. Situated on an oversized lot, this property offers significant value-add potential, including the ability to add… Read More up to four rear parking spaces - an attractive feature for both tenants and future resale value. The building has been well cared for and provides strong income-producing potential for investors seeking both immediate cash flow and long-term appreciation. Each unit offers functional layouts, and buyers will appreciate the additional upside as similar properties in the area have converted existing dens into bedrooms, creating four 2-bedroom units and maximizing rental income potential. Whether maintained in its current configuration or repositioned for higher returns, this asset presents multiple pathways for growth. Located just moments from the 16th Street corridor, residents enjoy convenient access to downtown DC, public transportation, parks, restaurants, shopping, and neighborhood amenities that continue to make 16th Street Heights a strong rental and investment market. A rare opportunity to secure a solid multifamily asset with location, lot size, and future upside all in one package. Read Less
Courtesy of Russell Carter, Keller Williams Capital Properties 202-243-7700
Listing Snapshot
Days Online
123
Last Updated
Property Type
Quadruplex
Square Ft.
2,640
Lot Size
0.13 Acres
Year Built
1935
MLS Number
DCDC2265332
Additional Details
Building
Built in 1935, Living area: 2640, Construction Materials: Brick
Cooling
None
Accessibility Features
None
Foundation
Crawl Space
Heating
Hot Water
Lot
0.13 acres
Property
Other structures: Above Grade, Below Grade
Sewer
Public Sewer
Taxes
Annual Amount: $8,096, Lot: 20, Year: 2025, Zoning: RA
Utilities
Water Source: Public
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