Two-Bedroom Residential Income
For Sale
$224,000
1109 PENN STREET NE Unit 4, Washington, DC 20002
Condominium layout features hardwood flooring and an open interior plan near the Union Market corridor.
Property Size700 SF
Days on Market335
Property Features for 1109 PENN STREET NE Unit 4
General Information
Standard status
Active
Size
700 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
minor updates
Site & Location
Neighborhood
Trinidad
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,001
Building Details
Building Size
700 SF
Year Built
1930
Listing Agency:
AEGIS REALTY COMPANY, LLC
Listed By:
David Conforti · License #BR98378818
(202) 744-0714
Source:
Kwcapitalproperties
Added: Nov 25, 2025
Changed: Oct 25
Last Checked: Oct 24 at 10:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AEGIS REALTY COMPANY, LLC
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Investment Insights
Based on property information with market context.
This two-bedroom condominium at 1109 Penn Street NE, Unit 4, dates to 1930 and offers an open floor plan with hardwood flooring throughout. The residence requires minor updates, providing a straightforward opportunity to refresh the existing interior.
Located in Washington, DC’s Trinidad neighborhood, the property sits within a short walk of the Union Market corridor. Its residential condominium format and two-bedroom configuration provide a defined layout for an income-property buyer.
Located in Washington, DC’s Trinidad neighborhood, the property sits within a short walk of the Union Market corridor. Its residential condominium format and two-bedroom configuration provide a defined layout for an income-property buyer.
Key Highlights
- Two‑bedroom condominium at 1109 Penn Street NE, Unit 4
- Built in 1930
- Hardwood flooring throughout the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,917
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,340
$238.3K
Cap Rate 7%
$170,243
$170.2K
Cap Rate 9%
$132,411
$132.4K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$23.1K $33.00/SF
− Vacancy
−$1.4K −$2.05/SF
EGI
$21.7K $30.95/SF
− OpEx
−$9.8K −$13.93/SF
NOI
$11.9K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,340
Cap Rate 7%
$170,243
Cap Rate 9%
$132,411
Alternative Uses
Best Use
Apartment 5plus
$170.2K
$149.0K – $198.6K
NOI $11,917 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$361.4K
$316.2K – $421.7K
NOI $25,299 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,648
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium layout features hardwood flooring and an open interior plan near the Union Market corridor.
Where is this residential income property located?
The property is located at 1109 PENN STREET NE Unit 4 Washington, DC.
What is the asking price?
The asking price for this property is $224,000.
What are key features of this property?
This property features: Two‑bedroom condominium at 1109 Penn Street NE, Unit 4; Built in 1930; Hardwood flooring throughout the unit
