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Vacant Four-Unit Quadplex
For Sale
$825,000

1123 PENN ST NE, Washington, DC 20002

WASHINGTON, DC

Property SizeContact for details
Lot Size0.05 Acres
Days on Market40

Property Features for 1123 PENN ST NE

General Information

Property type Residential Multi Family
Property subtype Other
Elementary school district DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status Active
Lot size 0.05 Acres

Building Details

Year built 1930
Listing Agency: Chevy Chase Circle
Listed By: Wendy Gadson · License #SP101732
Added: Jul 22 Changed: Aug 23 Last Checked: Aug 30 at 4:06PM
MLS# DCDC2274912

Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1930-built quadplex contains four one-bedroom apartments, with all units vacant and ready for renovation. The property occupies approximately 0.05 acres at 1123 Penn St NE in Washington, DC, providing a compact multifamily configuration for an owner evaluating redevelopment or rental use after improvements.

The building is located in the Trinidad neighborhood, near Union Market, universities, restaurants, grocery stores, Metro access, downtown DC, and Capitol Hill. Its four-unit layout and vacant status provide flexibility around the timing and scope of future work.

Key Highlights

  • Four‑unit multifamily building with one‑bedroom apartments
  • All four units are vacant
  • Built in 1930

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Acupuncture Home Appliance Store (Bike/Boat/Book/etc) Store Nursing Home Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

2,648
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four one-bedroom apartments are currently vacant and positioned for renovation planning.
Where is this quadplex located?
The property is located at 1123 PENN ST NE Washington, DC.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Four‑unit multifamily building with one‑bedroom apartments; All four units are vacant; Built in 1930
More about this property
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