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1123 PENN STREET NE
Washington, DC 20002
Price Upon Request
Calling all investors! This 4-unit multifamily property in the heart of Trinidad offers a rare turnkey renovation opportunity in one of DC's most vibrant and rapidly appreciating neighborhoods. The building features four spacious 1-bedroom units, fully vacant and ready for your vision, whether that's a full gut renovation or a boutique rental portfolio addition.
Trinidad is a dynamic, community-oriented neighborhood offering unbeatable convenience: close to Union Market's acclaimed dining and shopping complex, enjoy easy access to nearby universities, and take your pick of local restaurants and grocery stores just steps away. With Metro access nearby and only minutes to downtown DC and Capitol Hill, this location is a strong draw for future tenants seeking an urban lifestyle with easy commuting options.
With all four units vacant, investors have full flexibility to renovate on their own timeline and maximize rental income potential in a neighborhood experiencing strong demand and continued growth.
Don't miss this opportunity to invest in one of DC's up-and-coming corridors.
Listing Courtesy of: Long & Foster Real Estate, Inc.
202-445-0226
| Listing Id: | DCDC2274912 |
|---|---|
| Property Type: | Multi-Family |
| Property Sub Type: | Quadruplex |
| Status: | Active |
| Living Area: | 2,784 |
| Tax Annual Amount: | $39,421 |
| Lot Size Square Feet: | 2,304.0 |
| Lot Size Acres: | 0.05 |
| Architectural Style: | Other |
| Waterfront?: | No |
| City: | Washington |
| Counties Or Regions: | Washington |
| Postal Code: | 20002 |
| Year Built: | 1930 |
| Number Of Units Total: | 4 |
| Listing Agreement: | Exclusive Right |
| Frequency: | Annually |
| One Bedroom Units: | 4 |
| Client Application Edited Yn: | Yes |
| Mls List Date: | 2026-07-22 |
| State Or Province: | DC |
| Postal Code Plus4: | 2641 |
| Legal Subdivision: | Trinidad |
| Possession: | Settlement |
| Directions: | Monticello to Penn ST NE |
| School District Sources: | Listing Agent |
| School District Key: | 121140357950 |
| Above Grade Finished Area: | 2,784 |
| Above Grade Finished Area Units: | Square Feet |
| Below Grade Finished Area Source: | Assessor |
| Below Grade Finished Area Units: | Square Feet |
| Cooling: | None |
| Construction Materials: | Brick |
| Foundation Details: | Permanent |
| Accessibility Features: | None |
| Heating: | Hot Water |
| Heating?: | Yes |
| Above Grade Finished Area Source: | Assessor |
| Living Area Source: | Assessor |
| Other Structures: | Above Grade, Below Grade |
| Year Built Source: | Assessor |
| Basement Yn: | No |
| Below Grade Unfinished Area Source: | Assessor |
| Below Grade Unfinished Area Units: | Square Feet |
| Cooling Fuel: | None |
| Heating Fuel: | Electric |
| Hot Water: | Natural Gas |
| Type: | Detached |
| Type Of Parking: | On Street |
| Source Of Measure Bg: | Assessor |
| Area Total: | 2,784 |
| Source Of Measure: | Assessor |
| Assessment Year: | 2026 |
| In City Limits Yn: | Yes |
| City Town Tax: | $39,421.00 |
| City Tax Frequency: | Annually |
| County Tax Frequency: | Annually |
| Land Use Code: | 0 |
| Tax Assessment Amount: | $787,860.00 |
| Tax Total Finished Sq Ft: | 2,784 |
| Tax Year: | 2026 |
| Zoning: | R1 |
| Listing Tax: | 4059//0840 |
| Auto Update Tax Data Yn: | Yes |
| Ownership: | Fee Simple |
| Special Listing Conditions: | Standard |
| Lot Size Source: | Assessor |
| Lot Size Units: | Square Feet |
| Pool Types: | No Pool |
| Soil Types: | Unknown |
| Sewer: | Public Sewer |
| Water Source: | Public |
| School District NameSchool District: | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
| Short Sales: | No |
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Property Last Updated: October 26, 2026 11:09 PM - ET
