Three-Unit Multifamily
For Sale
$639,999
109 WEBSTER STREET NE, Washington, DC 20011
Three residential units with rear off-street parking, including a partially complete third unit and an owned solar income component.
Property Size2,000 SF
Price / SF$319
Days on Market66
Property Features for 109 WEBSTER STREET NE
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Amenities
solar panel system
off-street parking
Building Details
Year Built
1953
Tenancy
Multi
Listing Agency:
Samson Properties
(202) 938-0228
Listed By:
ivory nana frimpong
(703) 772-6365
Source:
Cummingsrealtors
Added: Jul 10
Changed: Sep 12
Last Checked: Sep 12 at 6:30AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This three-unit multifamily property at 109 Webster Street NE offers two oversized, turnkey one-bedroom, one-bath residences with functional layouts. Unit 2 is currently leased, and Unit 1 provides flexibility for an owner-occupant or additional rental income. Unit 3 is approximately 70% complete, with framing, mechanical, plumbing, electrical, and sprinkler systems already completed. To assist with completion, the seller is conveying brand-new kitchen cabinets, a new bathtub, and new ductless mini-split units for the designated space.
The property includes a rear off-street parking area. It is located in Brookland, just steps from The Catholic University of America, approximately one mile from Brookland Metro Station, and minutes from Trader Joe’s, Starbucks, Monroe Street Market, the Metropolitan Branch Trail, and nearby neighborhood dining and retail.
In addition to the unit mix, the owned solar panel system currently generates approximately $415 per month in income. The listing is for sale at $639,999, and special financing may be available for eligible borrowers.
The property includes a rear off-street parking area. It is located in Brookland, just steps from The Catholic University of America, approximately one mile from Brookland Metro Station, and minutes from Trader Joe’s, Starbucks, Monroe Street Market, the Metropolitan Branch Trail, and nearby neighborhood dining and retail.
In addition to the unit mix, the owned solar panel system currently generates approximately $415 per month in income. The listing is for sale at $639,999, and special financing may be available for eligible borrowers.
Key Highlights
- 3‑unit multifamily property built in 1953 in Brookland, Washington, DC
- Units 1 and 2 are oversized 1‑bedroom, 1‑bath residences; Unit 2 is currently leased
- Unit 3 is approximately 70% complete, with framing, mechanical, plumbing, electrical, and sprinkler systems already done
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
$35,834
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
5.60%
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%
$716,680
$716.7K
Cap Rate 7%
$511,914
$511.9K
Cap Rate 9%
$398,156
$398.2K
Market Conditions
NOI Build-Up for 2,000 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
$54.0K $27.00/SF
− Vacancy
−$2.8K −$1.40/SF
EGI
$51.2K $25.60/SF
− OpEx
−$15.4K −$7.68/SF
NOI
$35.8K $17.92/SF
Area
ZIP 20011
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%
$716,680
Cap Rate 7%
$511,914
Cap Rate 9%
$398,156
Alternative Uses
Best Use
Multifamily LT 5
$511.9K
$447.9K – $597.2K
NOI $35,834 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$454.7K
$397.9K – $530.5K
NOI $31,832 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$1.03M
$903.5K – $1.20M
NOI $72,282 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Explore this area
Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units with rear off-street parking, including a partially complete third unit and an owned solar income component.
Where is this triplex located?
The property is located at 109 WEBSTER STREET NE Washington, DC.
What is the asking price?
The asking price for this property is $639,999.
What are key features of this property?
This property features: 3‑unit multifamily property built in 1953 in Brookland, Washington, DC; Units 1 and 2 are oversized 1‑bedroom, 1‑bath residences; Unit 2 is currently leased; Unit 3 is approximately 70% complete, with framing, mechanical, plumbing, electrical, and sprinkler systems already done
