Renovated Capitol Hill
For Sale
$1,599,900
1414-1416 Pennsylvania Avenue SE, Washington, DC 20003
Vacant mixed-use property with updated systems, furnished interiors, and three short-term rental units in Washington, DC.
Property Size2,726 SF
Price / SF$586.90
Days on Market210
Property Features for 1414-1416 Pennsylvania Avenue SE
General Information
Standard status
Active
Size
2,726 SF
Property subtype
Multi-Family
Zoning
MU-4
Units
Unit Mix
3 x 2BR/2BA
Multifamily Units
3
Additional Details
Furnished
Yes
Business Included
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$17,432
Amenities
Fully Finished
Electric
Yes
No
All
Estimated
No Pool
Public
0.04
Assessor
Off Street
Concrete Perimeter
313510.00
Building Details
Building Size
2,726 SF
Year Built
1900
Construction
brick
Listing Agency:
Zar Realty, LLC
(856) 222-0077
Listed By:
Julia Joyce-Hall
(856) 630-4482
Source:
Thetristaterealestategroup
Added: Mar 20
Changed: Oct 3
Last Checked: Oct 14 at 8:05PM
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 Zar Realty, LLC
Investment Insights
Based on property information with market context.
This Capitol Hill triplex contains three fully renovated 2BR/2BA units within approximately 2,726 square feet. Two apartments are located at 1414 Pennsylvania Avenue SE, while 1416 Pennsylvania Avenue SE contains the third. The units are furnished and include updated kitchens, HVAC, electrical, and mechanical systems behind a classic brick exterior. The property is delivered vacant, providing immediate control of the apartments without TOPA implications stated in the listing.
MU-4 zoning supports mixed-use residential and commercial applications, including residential, retail, and office uses. The property has previously operated as three Airbnb listings, each carrying a 5.0-star rating, and the listings may transfer to a future owner. The location is identified near Eastern Market, Potomac Ave Metro, The Roost, and Barracks Row.
MU-4 zoning supports mixed-use residential and commercial applications, including residential, retail, and office uses. The property has previously operated as three Airbnb listings, each carrying a 5.0-star rating, and the listings may transfer to a future owner. The location is identified near Eastern Market, Potomac Ave Metro, The Roost, and Barracks Row.
Key Highlights
- Three‑unit configuration with three 2BR/2BA apartments
- Approximately 2,726 square feet; built in 1900
- MU‑4 zoning supports residential, retail, and office uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,842
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,840
$976.8K
Cap Rate 7%
$697,743
$697.7K
Cap Rate 9%
$542,689
$542.7K
Market Conditions
NOI Build-Up for 2,726 SF
Gross rent
$73.6K $27.00/SF
− Vacancy
−$3.8K −$1.40/SF
EGI
$69.8K $25.60/SF
− OpEx
−$20.9K −$7.68/SF
NOI
$48.8K $17.92/SF
Area
Washington, DC
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,840
Cap Rate 7%
$697,743
Cap Rate 9%
$542,689
Alternative Uses
Best Use
Multifamily LT 5
$697.7K
$610.5K – $814.0K
NOI $48,842 @ 7.0% cap · market cap 3.05%
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,530
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Vacant mixed-use property with updated systems, furnished interiors, and three short-term rental units in Washington, DC.
Where is this triplex 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: Three‑unit configuration with three 2BR/2BA apartments; Approximately 2,726 square feet; built in 1900; MU‑4 zoning supports residential, retail, and office uses
