1633 16Th St, Washington, DC 20009
10,539 SF Specialty Building Offered at $4,900,000 at a 5% Cap Rate in Washington, DC 20009
For Sale
Active
Asking Price $4,900,000
- Property Type
-
Specialty
- Square Feet
- 10,539 SF
- Price / Square Foot
- $465
Listing Contacts
Siva Selvan
Patricia Sonaty
Property Overview
The Shehan Mansion, located at 1633 16th St NW in Washington, DC, is a distinguished property with a rich history and versatile multi-use spaces. Currently, the mansion encompasses four suites, totaling 10,539 SF. The main structure features a spacious 8+ bedroom, 6.5 bathroom residence spanning 6,800 SF across four floors. Additionally, a 1,250 square foot 2-bedroom carriage house suite with a side outdoor parking space, a 1,400 SF 2-bedroom/2-bathroom garden apartment, and a 450 SF studio complement the property. Two small car garages, each measuring 350 SF, provide further flexibility.
Given its unique layout, historical significance, and prime location, the Shehan Mansion presents an excellent opportunity for redevelopment into a 13-room bed & breakfast or for Diplomatic use. Additionally, 3 of the 4 tenants are on month to month leases. The property's charm, coupled with its potential for a hospitality-focused transformation, makes it an attractive investment for those seeking to capitalize on Washington, DC's thriving tourism and historic appeal.
Given its unique layout, historical significance, and prime location, the Shehan Mansion presents an excellent opportunity for redevelopment into a 13-room bed & breakfast or for Diplomatic use. Additionally, 3 of the 4 tenants are on month to month leases. The property's charm, coupled with its potential for a hospitality-focused transformation, makes it an attractive investment for those seeking to capitalize on Washington, DC's thriving tourism and historic appeal.
Property Details
- Class
- B
- Year Built
- 1885
- Stories
- 4
- Lot Size (sq. ft)
- 2,614 SF
Highlights
- Excellent Property Condition
- Victorian Architectural Style
- 1 Outdoor Parking Space
- 2-Car Garage
- Multiple Fireplaces and Crown Moldings
- High Ceilings and Abundant Natural Light
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