$1,200,000

1616 ISHERWOOD ST NE, Washington, DC 20002

3,202 sqft

Multi-Family Home
Built in 1932
3,485sqft lot
—— car garage
$375/sqft
Listed 22 days ago

Property Description

Located in the highly desirable **Kingman Park** neighborhood of **Washington, DC**, this well-maintained **four-unit multifamily property** presents an excellent investment opportunity with strong income potential. The building currently has **one occupied unit generating guaranteed rental income**, offering immediate cash flow while leaving additional units available for future leasing or owner repositioning. All units have been **updated to current code standards**, providing peace of mind for investors seeking a turnkey or lightly managed asset. Positioned just minutes from the vibrant **Capitol Hill & H Street Corridor**, the property benefits from close proximity to some of the city’s best dining, nightlife, and retail destinations. The area continues to experience strong growth and investor interest, supported by promising **return on investment (ROI) and appreciation potential**. Additionally, the property is located near the site of the future redevelopment around **RFK Stadium**, where major revitalization plans projected for completion around 2030 are expected to further enhance neighborhood demand and long-term value. Situated on a **quiet residential block**, the property offers tenants convenient access to neighborhood amenities, shopping, parks, and transportation while maintaining a peaceful community atmosphere. With its prime location, income potential, and strong market fundamentals, this multifamily asset represents an **ideal opportunity for investors seeking both stable cash flow and long-term appreciation in one of Washington, DC’s evolving neighborhoods.** Some photos showing unit virtually staged

Listing Status:: Active
Date Added:: March 11, 2026
Data Last Updated:: April 1, 2026 at 5:20PM
Listing Office:: Real Broker, LLC : 8554500442
Listing Agent:: Norman Slye : 3024800070
MLS ID:: DCDC2249580

General: Bathroom - Stall ShowerBathroom - Tub ShowerFloor Plan - TraditionalFloor Plan - Open
Appliances: RefrigeratorStove
Flooring: Ceramic tileLaminate plank
A/C: Central A/C
Heating: 90% Forced AirNatural Gas
Disability Feature: None

General: Above GradeBelow Grade
Style: Colonial

Roofing: Flat
General: BrickBrick/Mortar

Originating MLS: BRIGHT_MAIN
School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
County: WASHINGTON-DC

Zoning: MULTI-FAMILY4545//0138

Water: Public
Sewer: No Septic System

Source: BRIGHT_MAIN

This listing courtesy of Norman Slye , Real Broker, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Miner Elementary School

601 15th St NE, Washington, DC, 20002

Grades EE-5

0.15 miles away

Eliot-Hine Middle School

1830 Constitution Ave NE, Washington, DC, 20002

Grades 6-8

0.23 miles away

Eastern High School

1700 E Capitol St NE, Washington, DC, 20003

Grades 9-12

0.37 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.