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1414 Pennsylvania Ave SE 3 Unit Apartment Building $2,402,908 CAD ($800,969 CAD/Unit) 9.91% Cap Rate Washington, DC 20003
Matterport 3D Tours
Investment Highlights
- Explosive Appreciation: Front-row access to the massive RFK Stadium redevelopment and future waterfront entertainment district.
- The Power Corridor: A prestigious Pennsylvania Avenue address located just a scenic 1.5-mile straight shot to the US Capitol Dome.
- Proven Cash Flow: Fully operational, furnished short-term rental delivering Day 1 income, backed by protective commercial zoning.
- Unbeatable Transit: Just a 1-minute walk to Potomac Ave Metro (Blue/Orange/Silver) for seamless access to DCA, Amazon HQ2, and downtown.
- Ultimate Versatility: A commercial triplex perfect for a turnkey Airbnb, a high-yield long-term hold, or a lucrative "house hack."
- Mortgage-Free Living: Occupy the luxury owner's suite while the two additional income-generating units completely cover your overhead.
Executive Summary
Welcome to 1414 Pennsylvania Ave SE, a premier commercial triplex offering unparalleled investment versatility on one of the world’s most recognized streets. This exceptional property is currently operating as a highly successful, turnkey short-term rental, delivering immediate Day 1 cash flow with proven operational systems in place. Its flexible layout and protective commercial zoning make it the ultimate strategic asset: continue running it as a high-yield Airbnb, secure reliable long-term tenants, or execute the perfect "house hack" by occupying the luxury owner’s suite while the remaining two units completely cover your overhead.
Beyond the impressive property details, the true power of this asset lies in its unmatched location and explosive future upside. Situated on the "Power Corridor," residents and guests enjoy a scenic, 1.5-mile straight shot to the US Capitol Dome. Commuting is effortless with the Potomac Ave Metro Station (Blue, Orange, and Silver lines) just a one-minute walk from your doorstep, providing zero-transfer access to Reagan National Airport (DCA), Amazon HQ2, and downtown D.C.
Most importantly, this address places you in the immediate appreciation pathway of the highly anticipated RFK Stadium redevelopment. As this massive waterfront and entertainment district comes to life—potentially welcoming back the Washington Commanders—this property sits in the front row of D.C.'s most exciting growth sector. Everyday neighborhood conveniences are also just steps away, including the acclaimed culinary food hall The Roost, major grocers like Harris Teeter, and the historic Eastern Market. 1414 Penn is more than a turnkey income generator; it is a strategic acquisition at the gateway to D.C.’s future.
Beyond the impressive property details, the true power of this asset lies in its unmatched location and explosive future upside. Situated on the "Power Corridor," residents and guests enjoy a scenic, 1.5-mile straight shot to the US Capitol Dome. Commuting is effortless with the Potomac Ave Metro Station (Blue, Orange, and Silver lines) just a one-minute walk from your doorstep, providing zero-transfer access to Reagan National Airport (DCA), Amazon HQ2, and downtown D.C.
Most importantly, this address places you in the immediate appreciation pathway of the highly anticipated RFK Stadium redevelopment. As this massive waterfront and entertainment district comes to life—potentially welcoming back the Washington Commanders—this property sits in the front row of D.C.'s most exciting growth sector. Everyday neighborhood conveniences are also just steps away, including the acclaimed culinary food hall The Roost, major grocers like Harris Teeter, and the historic Eastern Market. 1414 Penn is more than a turnkey income generator; it is a strategic acquisition at the gateway to D.C.’s future.
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Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$207,998
|
$57.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$207,998
|
$57.78
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$8,239
|
$2.29
|
| Net Operating Income |
$199,760
|
$55.49
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $207,998 |
| Annual Per SF | $57.78 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $207,998 |
| Annual Per SF | $57.78 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $8,239 |
| Annual Per SF | $2.29 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $199,760 |
| Annual Per SF | $55.49 |
Property Facts
| Price | $2,402,908 CAD | Property Subtype | Apartment |
| Price Per Unit | $800,969 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment or Owner User | Building Class | C |
| Cap Rate | 9.91% | Building Size | 3,600 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2021 |
| Zoning | MU-4 - An Additional Level can be built above the 2nd level, to achieve a 3 story above grade structure. | ||
| Price | $2,402,908 CAD |
| Price Per Unit | $800,969 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.91% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 3,600 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2021 |
| Zoning | MU-4 - An Additional Level can be built above the 2nd level, to achieve a 3 story above grade structure. |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Crown Molding
- Eat-in Kitchen
- Hardwood Floors
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wi-Fi
- Coffee System
- Family Room
- Island Kitchen
- Patio
- Window Coverings
Site Amenities
- Courtyard
- Fenced Lot
- Furnished Units Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | - | - |
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (81)
Bike Score®
Very Bikeable (88)
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1414 Pennsylvania Ave SE
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