Modernized Triplex with Lower-Level
For Sale
$450,000
Pending
107 JOLIET ST SW, Washington, DC 20032
Each apartment includes a bedroom and a renovated full bathroom.
Property Size1,940 SF
Days on Market87
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Property Features for 107 JOLIET ST SW
General Information
Standard status
Pending
Size
1,940 SF
Property subtype
Multi-family
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Listing Agency:
RE/MAX United Real Estate
(301) 702-4200
Listed By:
John L Lesniewski · License #PB98368995
(301) 908-8438
Source:
Sandrasellstheshore
Added: Jul 21
Changed: Oct 11
Last Checked: Oct 14 at 10:37PM
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 RE/MAX United Real Estate
Investment Insights
Based on property information with market context.
This semi-detached triplex contains three residential units and has undergone extensive interior updates. Units A and B feature open living and dining areas, eat-in kitchens, quartz counters, ceramic tile backsplashes, new cabinetry, updated flooring, and upgraded lighting. Their bathrooms have also been renovated with new vanities, tile, commodes, sinks, and fixtures.
Unit C is a finished walk-up lower-level apartment with a recreation room, kitchen, private bedroom, and full bathroom. A separate side entrance and mechanical room add functional separation. The property also includes a one-year-old roof and separately metered utilities.
The residence is located at 107 Joliet St SW in Washington, DC’s Congress Heights area, near shopping, dining, entertainment, and major commuter routes.
Unit C is a finished walk-up lower-level apartment with a recreation room, kitchen, private bedroom, and full bathroom. A separate side entrance and mechanical room add functional separation. The property also includes a one-year-old roof and separately metered utilities.
The residence is located at 107 Joliet St SW in Washington, DC’s Congress Heights area, near shopping, dining, entertainment, and major commuter routes.
Key Highlights
- Three‑unit semi‑detached multifamily residence
- Units A and B include open living areas and updated eat‑in kitchens
- Finished walk‑up lower‑level apartment with recreation room and private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,759
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,180
$695.2K
Cap Rate 7%
$496,557
$496.6K
Cap Rate 9%
$386,211
$386.2K
Market Conditions
NOI Build-Up for 1,940 SF
Gross rent
$52.4K $27.00/SF
− Vacancy
−$2.7K −$1.40/SF
EGI
$49.7K $25.60/SF
− OpEx
−$14.9K −$7.68/SF
NOI
$34.8K $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%
$695,180
Cap Rate 7%
$496,557
Cap Rate 9%
$386,211
Alternative Uses
Best Use
Multifamily LT 5
$496.6K
$434.5K – $579.3K
NOI $34,759 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$460.5K
$402.9K – $537.2K
NOI $32,234 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$997.9K
$873.1K – $1.16M
NOI $69,851 @ 7.0% cap · market cap 15.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Explore this area
Business Placement
Demographics for 20032, DC
38,904
Population
19,708
Households
2
Avg Household Size
33
Median Age
23%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
7,482
Density / Sq Mi
$48,146
Median Household Income
$44,487
Median Earnings
$1,285
Median Rent
$391,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each apartment includes a bedroom and a renovated full bathroom.
Where is this triplex located?
The property is located at 107 JOLIET ST SW Washington, DC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three‑unit semi‑detached multifamily residence; Units A and B include open living areas and updated eat‑in kitchens; Finished walk‑up lower‑level apartment with recreation room and private entrance
