Residential Income
For Sale
$405,900
127 JOLIET STREET SW, Washington, DC 20032
The property is zoned for residential use with five units or fewer.
Property Size2,000 SF
Price / SF$203.77
Days on Market19
Property Features for 127 JOLIET STREET SW
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Residential Income
Zoning
RES - 5 UNITS OR LESS
Taxes and HOA fees
Annual Taxes
$3,038
Amenities
Natural Gas, Central
Gas Water Heater
On Street
Traditional
Building Details
Building Size
2,000 SF
Year Built
1953
Listing Agency:
Stonegate Realty Group, LLC
Listed By:
Lisa S Wright
(202) 509-1160
Source:
Evrealestate
Added: Sep 30
Changed: Oct 11
Last Checked: Oct 16 at 6:41AM
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 Stonegate Realty Group, LLC
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Investment Insights
Based on property information with market context.
Built in 1953, this residential income property offers 1,992 square feet of property area. The property has natural gas, central service, and a gas water heater.
Located at 127 Joliet Street SW in Washington, DC, the property is zoned RES - 5 UNITS OR LESS. On-street parking is listed.
Located at 127 Joliet Street SW in Washington, DC, the property is zoned RES - 5 UNITS OR LESS. On-street parking is listed.
Key Highlights
- 1,992 square feet of property area
- Zoning: RES - 5 UNITS OR LESS
- Built in 1953
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,098
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,960
$662.0K
Cap Rate 7%
$472,829
$472.8K
Cap Rate 9%
$367,756
$367.8K
Market Conditions
NOI Build-Up for 1,992 SF
Gross rent
$63.3K $31.80/SF
− Vacancy
−$3.2K −$1.59/SF
EGI
$60.2K $30.21/SF
− OpEx
−$27.1K −$13.59/SF
NOI
$33.1K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,960
Cap Rate 7%
$472,829
Cap Rate 9%
$367,756
Alternative Uses
Best Use
Apartment 5plus
$472.8K
$413.7K – $551.6K
NOI $33,098 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$896.5K – $1.20M
NOI $71,723 @ 7.0% cap · market cap 17.67%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
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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Frequently Asked Questions
What type of property is this?
Residential income property - The property is zoned for residential use with five units or fewer.
Where is this residential income property located?
The property is located at 127 JOLIET STREET SW Washington, DC.
What is the asking price?
The asking price for this property is $405,900.
What are key features of this property?
This property features: 1,992 square feet of property area; Zoning: RES - 5 UNITS OR LESS; Built in 1953
