Capitol Hill Mixed-Use Airbnb
1414-1416 PENNSYLVANIA Avenue SE, Washington, DC 20003
MULTI_FAMILY - Victorian, Contemporary - WASHINGTON, DC
Property size:
2,726 SFLot size:
0.04 AcresPrice / SF:
$586/SF- Added:
- Mar 20, 2026
- Days on Market:
- 67
- Last Refresh:
- May 25 at 6:06 am
Property Features for 1414-1416 PENNSYLVANIA Avenue SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Off Street
- Standard status
- Active
- Size
- 2,726 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 17432
Utilities
- Heating system
- Central
- Cooling system
- Ductless, Central Air
Building Details
- Year built
- 1900
- Number of units
- 3
- Building materials
- Brick
- Architectural style
- Victorian, Contemporary
Listing agent Anousha Nikjouian License #BR200200996 (202) 802-5434
Listing office Compass 5471 WISCONSIN Avenue unit: 300, WASHINGTON, DC (301) 298-1001
Listing date Mar 20, 2026
MLS# DCDC2251782
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully Vacant 3‑Unit Property in Capitol Hill: Ready for immediate ownership, occupancy, or repositioning with no TOPA implications.
- MU‑4 Zoning: Offers significant upside potential including adding a rooftop level and penthouse, or converting a unit to commercial use.
- Proven Airbnb Business: Includes three fully renovated 2BR/2BA units with established 5.0‑star ratings on Airbnb, allowing for immediate operation with built‑in trust and visibility.
- Prime Capitol Hill Location: Walking distance to key attractions like Eastern Market, Potomac Ave Metro, and Barracks Row.
- Fully Renovated with Modern Systems: Updated interiors, kitchens, HVAC, electrical, and mechanicals behind a classic DC brick facade.
- Mixed‑Use Flexibility: Zoned for residential, retail, or office use, catering to various investment strategies.
Overview
Located in Capitol Hill, Washington, DC, this mixed-use property features three fully renovated units. The building, with approximately 2,800 square feet of space, is zoned MU-4, allowing for moderate-density residential and commercial use. The property consists of two 2-bedroom, 2-bathroom units at 1414 Pennsylvania Ave SE and one 2-bedroom, 2-bathroom unit at 1416 Pennsylvania Ave SE. The units have been professionally furnished and previously operated as highly-rated short-term rentals. Delivered vacant, the property has no Tenant Opportunity to Purchase Act (TOPA) implications. The MU-4 zoning provides the potential to add a rooftop level and penthouse or convert 1416 into a commercial storefront or office. The existing Airbnb listings have 5.0-star ratings and can be transferred to the new owner. The property is located within walking distance of Eastern Market, Potomac Ave Metro, The Roost, and Barracks Row. The interiors, kitchens, HVAC, electrical, and mechanical systems have been fully updated behind a classic DC brick facade. The lot size is 0.036 acres. This property is suitable for short-term rental investors, developers seeking MU-4 density upside, 1031 exchange buyers, owner-occupants interested in house hacking, and buyers seeking a flexible income asset.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$961.7K
NOI $86,556 @ 9.00% cap · cautious / downside scenario
Moderate
$1.24M
NOI $86,556 @ 7.00% cap · market / base-case scenario
Aggressive
$1.73M
NOI $86,556 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.4k | $50.40 |
| − Vacancy | −$22.0k | −$8.06 |
| EGI | $115.4k | $42.34 |
| − OpEx | −$28.9k | −$10.58 |
| NOI | $86.6k | $31.75 |
2,726 SF · lease $50.40/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.24M
$1.08M – $1.44M
NOI $86,556 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$647.1K
$566.2K – $754.9K
NOI $45,294 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,152 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Map
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -76.9845262
- Latitude
- 38.8802396
Nearby Similar for Sale
FAQs
What type of property is this?
Short term rental property - Three renovated units in prime Capitol Hill location, delivered vacant.
Where is this short term rental property located?
The property is located at 1414-1416 PENNSYLVANIA Avenue SE Washington, DC.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Fully Vacant 3‑Unit Property in Capitol Hill: Ready for immediate ownership, occupancy, or repositioning with no TOPA implications.; MU‑4 Zoning: Offers significant upside potential including adding a rooftop level and penthouse, or converting a unit to commercial use.; Proven Airbnb Business: Includes three fully renovated 2BR/2BA units with established 5.0‑star ratings on Airbnb, allowing for immediate operation with built‑in trust and visibility.
