Semi-Detached Three-Unit
For Sale
$450,000
107 JOLIET Street SW, Washington, DC 20032
MULTI_FAMILY - Colonial - WASHINGTON, DC
Property Size1,940 SF
Lot Size0.13 Acres
Price / SF$231.96
Days on Market48
Property Features for 107 JOLIET Street SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Driveway, Off Street
Interior features
Floor Plan - Open, Kitchen - Galley
Appliances
Oven/Range - Gas, Refrigerator, WaterHeater
High school
BALLOU SENIOR
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
1,940 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
3123
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1953
Number of units
2
Building materials
Brick
Architectural style
Colonial
Listing Agency:
RE/MAX United Real Estate · RE/MAX International
(301) 702-4200
Listed By:
John L Lesniewski · License #PB98368995
(301) 908-8438
Added: Jun 22
Changed: Jul 9
Last Checked: Aug 8 at 11:06PM
MLS# DCDC2269328
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This semi-detached, three-unit multifamily residence has been modernized throughout and is designed for easier ownership. The roof is one year old, and new flooring runs through each unit. Utilities are separately metered, supporting tenant-level management. Units A and B offer open-concept living and dining areas and feature brand-new kitchens with quartz countertops, custom ceramic tile backsplashes, new cabinetry, updated light fixtures, and stylish new flooring. Both units include an eat-in kitchen, a well-proportioned bedroom, and fully renovated bathrooms with new vanity cabinetry, ceramic tile, updated commodes and sinks, and modern lighting. Unit C is a fully finished walk-up lower-level apartment with a spacious recreation room, a renovated kitchen with new flooring and fixtures, a private bedroom, and a completely updated full bath. A side entrance and mechanical room add convenience and help support privacy.
Located at 107 JOLIET Street SW in Washington, DC 20032, the property is described as being just minutes from shopping, dining, entertainment, and major commuter routes.
With renovated kitchens and bathrooms across all three units and separately metered utilities, the building may suit buyers seeking a low-maintenance, turn-key rental setup. Unit C’s walk-up layout can also appeal to tenants who prefer a more distinct lower-level configuration, while the side entrance supports more separate day-to-day access.
Located at 107 JOLIET Street SW in Washington, DC 20032, the property is described as being just minutes from shopping, dining, entertainment, and major commuter routes.
With renovated kitchens and bathrooms across all three units and separately metered utilities, the building may suit buyers seeking a low-maintenance, turn-key rental setup. Unit C’s walk-up layout can also appeal to tenants who prefer a more distinct lower-level configuration, while the side entrance supports more separate day-to-day access.
Key Highlights
- Semi‑detached 3‑unit multifamily residence with finished basement/lower‑level space
- Open‑concept floor plan elements with a galley kitchen layout; gas oven/range and refrigerator included
- Central A/C and forced‑air heating; separately metered utilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,759
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Separately metered utilities and recently updated interiors across three units make this property turnkey for investors.
Where is this triplex located?
The property is located at 107 JOLIET Street 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: Semi‑detached 3‑unit multifamily residence with finished basement/lower‑level space; Open‑concept floor plan elements with a galley kitchen layout; gas oven/range and refrigerator included; Central A/C and forced‑air heating; separately metered utilities
