Victorian Triplex with Separate
New
For Sale
$1,999,999
2007 KALORAMA Road NW, Washington, DC 20009
Multi-Family, WASHINGTON, DC
Property Size4,872 SF
Lot Size0.06 Acres
Price / SF$410.51
Days on Market1
Property Features for 2007 KALORAMA Road NW
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Fireplace
1
Subdivision
KALORAMA/ADAMS MORGAN
Elementary school
OYSTER-ADAMS BILINGUAL SCHOOL
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
4,872 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
18295
Utilities
Heating system
Hot Water(Heating)
Cooling system
Wall Unit(s), Window Unit(s), Central Air, Multi Units
Building Details
Year built
1900
Number of units
3
Building materials
Brick
Architectural style
Victorian
Listing Agency:
Compass
(202) 448-9002
Listed By:
Erin Sobanski · License #SP98373565
(202) 491-1275
Added: Sep 14
Last Checked: Sep 14 at 11:06PM
MLS# DCDC2282982
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 4,872-square-foot brick triplex dates to 1900 and combines Victorian architectural character with a three-unit residential layout. The upper residences each offer three bedrooms, while the lower-level apartment provides one bedroom and one bathroom. Interior features include a formal dining room, wood-burning fireplace, bayfront windows, a recently updated kitchen in Apartment 2, and dedicated kitchen and living areas in the lower-level unit.
Gas and electricity are separately metered for each apartment. Radiant heat serves all three units; Apartments 1 and 2 have central air, while the lower-level residence uses window and wall units. The property includes a Certificate of Occupancy and business license on file with the city, along with on-street parking.
The 0.0603-acre property is located at 2007 KALORAMA Road NW in Washington, DC 20009, one block from Connecticut Avenue in Kalorama Triangle. Dining, Kalorama Park, Metro access, and nightlife are identified nearby. Current tenants are scheduled to vacate October 1st.
Gas and electricity are separately metered for each apartment. Radiant heat serves all three units; Apartments 1 and 2 have central air, while the lower-level residence uses window and wall units. The property includes a Certificate of Occupancy and business license on file with the city, along with on-street parking.
The 0.0603-acre property is located at 2007 KALORAMA Road NW in Washington, DC 20009, one block from Connecticut Avenue in Kalorama Triangle. Dining, Kalorama Park, Metro access, and nightlife are identified nearby. Current tenants are scheduled to vacate October 1st.
Key Highlights
- Three‑unit Victorian property with 4,872 square feet
- Built in 1900 with brick construction and Victorian architecture
- Two three‑bedroom residences plus a one‑bedroom lower‑level apartment
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
$106,353
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
5.32%
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%
$2,127,060
$2.1M
Cap Rate 7%
$1,519,329
$1.5M
Cap Rate 9%
$1,181,700
$1.2M
Market Conditions
NOI Build-Up for 4,872 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
$160.8K $33.00/SF
− Vacancy
−$8.8K −$1.82/SF
EGI
$151.9K $31.19/SF
− OpEx
−$45.6K −$9.36/SF
NOI
$106.4K $21.83/SF
Area
ZIP 20009
Vacancy
5.50%
Lease Rate
$33.00 /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%
$2,127,060
Cap Rate 7%
$1,519,329
Cap Rate 9%
$1,181,700
Alternative Uses
Best Use
Multifamily LT 5
$1.52M
$1.33M – $1.77M
NOI $106,353 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$1.35M
$1.19M – $1.58M
NOI $94,808 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$2.51M
$2.19M – $2.92M
NOI $175,420 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,413
Businesses Nearby
Explore this area
Business Placement
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Brick Victorian triplex with separately metered utilities and a mix of central, window, and wall-unit cooling.
Where is this triplex located?
The property is located at 2007 KALORAMA Road NW Washington, DC.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Three‑unit Victorian property with 4,872 square feet; Built in 1900 with brick construction and Victorian architecture; Two three‑bedroom residences plus a one‑bedroom lower‑level apartment
