3-Unit Mixed-Use Residential
1414-1416 PENNSYLVANIA Avenue SE Washington, DC 20003
For Sale
$1,599,900
MULTI_FAMILY - Victorian, Contemporary - WASHINGTON, DC
Property Size2,726 SF
Lot Size0.04 Acres
Price / SF$586.90
Days on Market130
Property Features for 1414-1416 PENNSYLVANIA Avenue SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Off Street
- Standard status
- Active
- Size
- 2,726 SF
- Lot size
- 0.04 Acres
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) 802-5434
Added: Mar 20
Changed: Jul 13
Last Checked: Jul 27 at 12:06AM
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.
Investment Insights
Based on property information with market context.
Offered for sale as a vacant, 3-unit property with all units delivered empty. The building includes two modern 2BR/2BA units at 1414 Pennsylvania Ave SE and one 2BR/2BA unit at 1416 Pennsylvania Ave SE. Interiors are described as fully renovated, with updates to kitchens, HVAC, electrical, and mechanicals, presented behind a historic DC brick facade. The units have been professionally furnished and formerly operated as short-term rentals.
The property is zoned MU-4 (Mixed-Use – Moderate Density Residential & Commercial Use). The seller notes there are no TOPA (Tenant Opportunity to Purchase Act) implications. The MU-4 designation supports mixed-use by-right residential, retail, or office uses, and the remarks reference vertical expansion potential, including adding a rooftop level and penthouse (buyer to confirm with DOB). The listing also states the short-term rental listings had 5.0-star ratings and can be transferred to the next owner.
The property is zoned MU-4 (Mixed-Use – Moderate Density Residential & Commercial Use). The seller notes there are no TOPA (Tenant Opportunity to Purchase Act) implications. The MU-4 designation supports mixed-use by-right residential, retail, or office uses, and the remarks reference vertical expansion potential, including adding a rooftop level and penthouse (buyer to confirm with DOB). The listing also states the short-term rental listings had 5.0-star ratings and can be transferred to the next owner.
Key Highlights
- 3‑unit Airbnb mixed‑use property at 1414‑1416 Pennsylvania Ave SE, Washington, DC 20003 (appraised at $1.9M).
- Two modern 2BR/2BA units at 1414 and one 2BR/2BA unit at 1416 Pennsylvania Ave SE.
- Delivered vacant with no TOPA (Tenant Opportunity to Purchase Act) implications for immediate ownership, occupancy, or repositioning.
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 | $73.6k | $27.00 |
| − Vacancy | −$3.8k | −$1.40 |
| EGI | $69.8k | $25.60 |
| − OpEx | −$20.9k | −$7.68 |
| NOI | $48.8k | $17.92 |
2,726 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Vacant, fully renovated 3-unit building with two 2BR/2BA units at one address and one 2BR/2BA unit at the other.
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: 3‑unit Airbnb mixed‑use property at 1414‑1416 Pennsylvania Ave SE, Washington, DC 20003 (appraised at $1.9M).; Two modern 2BR/2BA units at 1414 and one 2BR/2BA unit at 1416 Pennsylvania Ave SE.; Delivered vacant with no TOPA (Tenant Opportunity to Purchase Act) implications for immediate ownership, occupancy, or repositioning.
