Three-Unit Brick
For Sale
$1,599,900
1414-1416 PENNSYLVANIA Avenue SE, Washington, DC 20003
Multi-Family, WASHINGTON, DC
Property Size2,726 SF
Lot Size0.04 Acres
Price / SF$586.90
Days on Market223
Property Features for 1414-1416 PENNSYLVANIA Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
Off Street
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
Size
2,726 SF
Lot size
0.04 Acres
Additional Details
Business Included
Yes
Taxes and HOA fees
Tax Annual Amount
17432
Utilities
Heating system
Central
Cooling system
Central Air, Ductless
Building Details
Year built
1900
Number of units
3
Building materials
Brick
Architectural style
Victorian, Contemporary
Listing Agency:
Compass
(301) 298-1001
Listed By:
Anousha Nikjouian · License #BR200200996
(202) 491-1275
Added: Mar 20
Changed: Oct 27
Last Checked: Oct 28 at 2:06PM
MLS# DCDC2251782
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.
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Investment Insights
Based on property information with market context.
This brick triplex comprises three 2-bedroom, 2-bathroom units: two at 1414 Pennsylvania Ave SE and one at 1416 Pennsylvania Ave SE. The property is vacant and furnished, with updated interiors, kitchens, HVAC, electrical, and mechanical systems. Central heat is installed, and cooling includes central air and ductless systems. Off-street parking is available.
The property is zoned MU-4, a mixed-use designation. The existing units were previously operated as short-term rentals, and the three Airbnb listings have 5.0-star ratings. The source describes potential options including continued short-term rental operation and commercial use of the 1416 address; any rooftop expansion would require buyer confirmation with DOB.
The property is zoned MU-4, a mixed-use designation. The existing units were previously operated as short-term rentals, and the three Airbnb listings have 5.0-star ratings. The source describes potential options including continued short-term rental operation and commercial use of the 1416 address; any rooftop expansion would require buyer confirmation with DOB.
Key Highlights
- Three units, each with 2 bedrooms and 2 bathrooms
- MU‑4 mixed‑use zoning
- Furnished and delivered vacant
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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - MU-4 zoning allows residential and commercial uses; the property is delivered vacant and has central heating and cooling.
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 units, each with 2 bedrooms and 2 bathrooms; MU‑4 mixed‑use zoning; Furnished and delivered vacant
