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.
For sale
$825,000
1123 Penn St NE, Washington, DC 20002
4beds
--baths
2,784sqft
Quadruplex
Built in 1930
-- sqft lot
$-- Zestimate®
$296/sqft
$-- HOA
What's special
- 25 days |
- 85 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Wendy Gadson 202-445-0226,
Long & Foster Real Estate, Inc.
Source: Bright MLS,MLS#: DCDC2274912
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Basement
- Area: 0
Heating
- Hot Water, Electric
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 2,784
- Total interior livable area: 2,784 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 2,304 Square Feet
- Features: Unknown Soil Type
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 4059//0840
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Quadruplex
Materials
- Brick
- Foundation: Permanent
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Washington
Financial & listing details
- Price per square foot: $296/sqft
- Tax assessed value: $787,860
- Annual tax amount: $39,421
- Date on market: 7/22/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$4,068/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Listed for sale | $825,000$296/sqft |
Source:  Bright MLS #DCDC2274912 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $40,038 -2.6% | $800,760 -2.6% |
| 2024 | $41,123 -48.3% | $822,450 +3.4% |
| 2023 | $79,530 +1172.3% | $795,300 +8.1% |
| 2022 | $6,251 +13% | $735,410 +13% |
| 2021 | $5,530 -81.9% | $650,530 +6.4% |
| 2020 | $30,569 +645.5% | $611,370 +26.7% |
| 2018 | $4,100 +13.5% | $482,400 +13.5% |
| 2017 | $3,612 -80.3% | $424,960 +15.9% |
| 2016 | $18,337 +545.2% | $366,740 +9.7% |
| 2015 | $2,842 +6.6% | $334,380 +6.6% |
| 2014 | $2,667 +5.8% | $313,770 +5.8% |
| 2013 | $2,521 -0.3% | $296,630 -0.3% |
| 2012 | $2,529 | $297,570 |
| 2011 | $2,529 -17.3% | $297,570 -17.3% |
| 2010 | $3,059 +8.5% | $359,910 +8.5% |
| 2009 | $2,820 +24.5% | $331,770 +28.9% |
| 2007 | $2,265 +44.1% | $257,430 +50.6% |
| 2006 | $1,572 +25.8% | $170,900 +31.2% |
| 2005 | $1,250 +29.7% | $130,210 +29.7% |
| 2004 | $964 +19.5% | $100,400 +19.5% |
| 2003 | $806 +15% | $83,990 +15% |
| 2002 | $701 -21.5% | $73,038 -6% |
| 2001 | $894 | $77,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Trinidad
Nearby schools
GreatSchools rating
- 4/10Wheatley Education CampusGrades: PK-8Distance: 0.2 mi
- 3/10Dunbar High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- District: District Of Columbia Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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