1414 PENNSYLVANIA AVENUE SE, Washington, DC 20003

Building Details

Building Size 2,726 SF More

Year Built 1900 More

Listing Agency: Compass

Listed By: Anousha Nikjouian · License DC BR200200996 Show Phone

Source: Kerishull

Added: Mar 20 Changed: Nov 7 Last Checked: Nov 8 at 1:56PM

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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 Compass

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Investment Insights

Based on property information with market context.

This three-unit triplex includes two 2BR/2BA apartments at 1414 Pennsylvania Ave SE and one 2BR/2BA apartment at 1416 Pennsylvania Ave SE. The units are fully renovated, furnished, and delivered vacant, with updated kitchens, HVAC, electrical, and mechanical systems behind a classic brick facade. The property was formerly operated as short-term rentals, and all three Airbnb listings carry 5.0-star ratings.

Located on Pennsylvania Ave SE in Capitol Hill, the property is within walking distance of Eastern Market, Potomac Ave Metro, The Roost, and Barracks Row. MU-4 zoning allows mixed-use residential and commercial applications, including residential, retail, or office use. The property also includes established listings that may be transferred to a new owner.

Key Highlights

• Three fully renovated 2BR/2BA units: two at 1414 Pennsylvania Ave SE and one at 1416 Pennsylvania Ave SE
• Delivered vacant with no TOPA implications
• MU‑4 zoning permits residential, retail, or office use

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

Is this asking price fair?

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 (±1% cap)

NOI $48,842 @ 7.0% cap · market cap 3.05%

Second Best

Apartment 5plus

$647.1K

$566.2K – $754.9K (±1% cap)

NOI $45,294 @ 7.0% cap · market cap 2.83%

Theoretical Best

Office A

$1.40M

$1.23M – $1.64M (±1% cap)

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

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Hair Salon Furniture & Home Goods Big Box & Wholesale Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

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

Market

Average Price Trend$/SF for Triplexes in Washington, DC

$402 Jul

$435 Aug

$428 Sep

$461 Oct

Properties on Market for Triplexes in Washington

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - MU-4 zoning supports residential and commercial use within this furnished, vacant property.

Where is this triplex located?

The property is located at 1414 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 fully renovated 2BR/2BA units: two at 1414 Pennsylvania Ave SE and one at 1416 Pennsylvania Ave SE; Delivered vacant with no TOPA implications; MU‑4 zoning permits residential, retail, or office use