Duplex Residential Income
For Sale
$405,900
127 JOLIET Street SW, Washington, DC 20032
MULTI_FAMILY - Other - WASHINGTON, DC
Property Size1,992 SF
Lot Size0.12 Acres
Price / SF$203.77
Days on Market51
Property Features for 127 JOLIET Street SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
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
1,992 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
3038
Utilities
Heating system
Central
Building Details
Year built
1953
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Stonegate Realty Group, LLC
(202) 387-3026
Listed By:
Lisa S Wright
(202) 509-1160
Added: Jul 2
Last Checked: Aug 21 at 4:06PM
MLS# DCDC2271442
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 for-sale duplex residential income property is identified as a Duplex/Multi-family asset and includes approximately 1,992 square feet of total building area on a 0.1228-acre lot. The offering is presented as a residential income use and provides a practical structure for tenants under a two-unit configuration, suited to buyers looking for an owner-operated or investment-minded setup.
The property is located at 127 JOLIET Street SW, Washington, DC 20032, in Washington County (District of Columbia). Beyond the city and ZIP, no additional neighborhood, frontage, or access details are provided in the available information.
From a leasing and ownership standpoint, a duplex can appeal to buyers seeking a manageable multi-unit format, with separate tenant occupancy possibilities within one property. Because the provided data does not include unit mix specifics, current occupancy, or condition details, interested parties should confirm layouts, tenant status, and any building components during due diligence. Overall, the asset is positioned as a residential income property where a clear two-unit structure is the primary characteristic buyers will evaluate.
The property is located at 127 JOLIET Street SW, Washington, DC 20032, in Washington County (District of Columbia). Beyond the city and ZIP, no additional neighborhood, frontage, or access details are provided in the available information.
From a leasing and ownership standpoint, a duplex can appeal to buyers seeking a manageable multi-unit format, with separate tenant occupancy possibilities within one property. Because the provided data does not include unit mix specifics, current occupancy, or condition details, interested parties should confirm layouts, tenant status, and any building components during due diligence. Overall, the asset is positioned as a residential income property where a clear two-unit structure is the primary characteristic buyers will evaluate.
Key Highlights
- Brick construction
- Central heating
- On‑street parking
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
$35,691
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
8.79%
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%
$713,820
$713.8K
Cap Rate 7%
$509,871
$509.9K
Cap Rate 9%
$396,567
$396.6K
Market Conditions
NOI Build-Up for 1,992 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
$53.8K $27.00/SF
− Vacancy
−$2.8K −$1.40/SF
EGI
$51.0K $25.60/SF
− OpEx
−$15.3K −$7.68/SF
NOI
$35.7K $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%
$713,820
Cap Rate 7%
$509,871
Cap Rate 9%
$396,567
Alternative Uses
Best Use
Multifamily LT 5
$509.9K
$446.1K – $594.9K
NOI $35,691 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$472.8K
$413.7K – $551.6K
NOI $33,098 @ 7.0% cap · market cap 8.15%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - For sale duplex in Washington, DC, offering a straightforward residential income setup for owner-occupants or investors.
Where is this duplex 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: Brick construction; Central heating; On‑street parking
