Fully Renovated Corner Mixed-Use
1302 Pennsylvania Ave. Southeast Washington, DC 20003
For Sale
$2,550,000
Renovated corner property with four residential units and an NNN commercial storefront with basement across multiple levels.
Property Size4,866 SF
Price / SF$524.04
Days on Market235
Property Features for 1302 Pennsylvania Ave. Southeast
General Information
- Standard status
- Active
- Size
- 4,866 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1908
Listing Agency:
RE/MAX Allegiance
(202) 262-8819
Listed By:
Nathaniel Tate · License #SP96896
(202) 262-8819
Source:
Compass
Added: Dec 3, 2025
Changed: Jul 23
Last Checked: Jul 23 at 1:52AM
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 RE/MAX Allegiance
Investment Insights
Based on property information with market context.
1300–1302 Pennsylvania Ave. SE is a fully renovated corner mixed-use property completed in 2020. The building combines four well-appointed residential units with a prime commercial storefront that includes a basement and is leased on an NNN basis, supporting in-place income with low-management operating responsibilities.
The property is zoned MU-4 and totals approximately 4,700 square feet across four levels. The first level retail is currently occupied. The listing also notes the asset is located near-zero maintenance and in a high-demand DC corridor, with “Capitol Hill” specifically referenced in the remarks.
The property is zoned MU-4 and totals approximately 4,700 square feet across four levels. The first level retail is currently occupied. The listing also notes the asset is located near-zero maintenance and in a high-demand DC corridor, with “Capitol Hill” specifically referenced in the remarks.
Key Highlights
- Fully renovated corner property with four residential units plus a commercial storefront with basement
- Newly renovated in 2020 and designed for near‑zero maintenance with minimal operating responsibilities (as described in remarks)
- Commercial storefront is leased on a NNN basis for low‑management cash flow; first level retail is currently occupied
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $131.4k | $27.00 |
| − Vacancy | −$6.8k | −$1.40 |
| EGI | $124.6k | $25.60 |
| − OpEx | −$37.4k | −$7.68 |
| NOI | $87.2k | $17.92 |
4,866 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.45M
NOI $87,185 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $80,851 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,204 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Potomac Tobacco Mini ...
Grocery & Convenience Store
FAQs
What type of property is this?
Quadplex - Renovated corner property with four residential units and an NNN commercial storefront with basement across multiple levels.
Where is this quadplex located?
The property is located at 1302 Pennsylvania Ave. Southeast Washington, DC.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Fully renovated corner property with four residential units plus a commercial storefront with basement; Newly renovated in 2020 and designed for near‑zero maintenance with minimal operating responsibilities (as described in remarks); Commercial storefront is leased on a NNN basis for low‑management cash flow; first level retail is currently occupied
