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1414 Pennsylvania Ave SE 3 Unit Apartment Building £1,328,349 (£442,783/Unit) 9.91% Net Initial Yield Washington, DC 20003
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 one-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 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 DC.
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 DC'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 DC’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 DC.
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 DC'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 DC’s future.
Financial Summary (Actual - 2024) |
Annual | Annual Per sq ft |
|---|---|---|
| Gross Rental Income |
£114,990
|
£31.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£114,990
|
£31.94
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£4,555
|
£1.27
|
| Net Operating Income |
£110,435
|
£30.68
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £114,990 |
| Annual Per sq ft | £31.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | £114,990 |
| Annual Per sq ft | £31.94 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Total Expenses | |
|---|---|
| Annual | £4,555 |
| Annual Per sq ft | £1.27 |
| Net Operating Income | |
|---|---|
| Annual | £110,435 |
| Annual Per sq ft | £30.68 |
Property Facts
| Price | £1,328,349 | Property Subtype | Apartment |
| Price Per Unit | £442,783 | Apartment Style | Low-Rise |
| Sale Type | Investment or Owner Occupier | Costar Property Class | C |
| Yield | 9.91% | Property Size | 2,800 sq ft |
| No. Units | 3 | No. Floors | 2 |
| Property Type | Build-to-Rent | Year Built/Renovated | 1900/2021 |
| Use Class | MU-4 - MU-4 ZONING allows for Airbnb. An Additional Level can be built above the 2nd level, to achieve a 3 story above grade structure and/or rooftop. | ||
| Price | £1,328,349 |
| Price Per Unit | £442,783 |
| Sale Type | Investment or Owner Occupier |
| Yield | 9.91% |
| No. Units | 3 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Property Size | 2,800 sq ft |
| No. Floors | 2 |
| Year Built/Renovated | 1900/2021 |
| Use Class | MU-4 - MU-4 ZONING allows for Airbnb. An Additional Level can be built above the 2nd level, to achieve a 3 story above grade structure and/or rooftop. |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Crown Moulding
- Eat-in Kitchen
- Wooden 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 Flats Available
Unit Mix Information
| Description | No. Units | Avg. Rent pcm | sq ft |
|---|---|---|---|
| 2+2 | 3 | - | 950 |
1 1
Very walkable
80/100
Very drivable
80/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
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1414 Pennsylvania Ave SE
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