Three-Unit Mixed-Use Short-Term
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 Market201
Property Features for 1414-1416 PENNSYLVANIA Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Other
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
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: Sep 13
Last Checked: Oct 6 at 5:06AM
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.
This three-unit property combines two buildings at 1414 and 1416 Pennsylvania Ave SE, with two 2BR/2BA apartments at the first address and one 2BR/2BA apartment at the second. The units are furnished and vacant, with renovated interiors, kitchens, HVAC, electrical, and mechanical systems behind a brick façade. Central heating, central air, ductless cooling, and off-street parking are included. Each unit previously operated as a short-term rental and carries a 5.0-star Airbnb rating, with the listings available for transfer to a new owner.
MU-4 zoning supports mixed-use residential, retail, and office applications. The property is in Capitol Hill near Eastern Market, Potomac Ave Metro, The Roost, and Barracks Row. Its Victorian and contemporary design elements, basement, and existing three-unit configuration provide a combination of residential income use and commercial repositioning flexibility.
MU-4 zoning supports mixed-use residential, retail, and office applications. The property is in Capitol Hill near Eastern Market, Potomac Ave Metro, The Roost, and Barracks Row. Its Victorian and contemporary design elements, basement, and existing three-unit configuration provide a combination of residential income use and commercial repositioning flexibility.
Key Highlights
- Three 2BR/2BA units across 1414 and 1416 Pennsylvania Ave SE
- MU‑4 zoning supports residential, retail, and office use
- All three Airbnb listings carry 5.0‑star ratings
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.
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Vacant, furnished apartments with flexible MU-4 zoning support residential, retail, or office use.
Where is this short term rental property 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 2BR/2BA units across 1414 and 1416 Pennsylvania Ave SE; MU‑4 zoning supports residential, retail, and office use; All three Airbnb listings carry 5.0‑star ratings
