Renovated Triplex with Flex
For Sale
$724,990
903 MISSOURI AVENUE NW, Washington, DC 20011
Three-unit property includes enclosed flexible areas and a fenced backyard.
Property Size1,824 SF
Price / SF$397.47
Days on Market114
Property Features for 903 MISSOURI AVENUE NW
General Information
Standard status
Active
Size
1,824 SF
Property subtype
Triplex
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,645
Amenities
fenced-in backyard
Building Details
Building Size
1,824 SF
Year Built
1936
Listing Agency:
Samson Properties
(703) 819-0303
Listed By:
Megan Janine Sheckles · License #SP40002376
(703) 819-0303
Source:
Kerishull
Added: May 9
Changed: Aug 28
Last Checked: Aug 29 at 3:01PM
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 1,824-square-foot triplex, built in 1936, contains three 1BR/1BA units, each with an enclosed flex area. The interiors have been updated with new appliances and contemporary finishes, while a fenced backyard adds private outdoor space. A Certificate of Occupancy is already secured.
The property is located at 903 Missouri Avenue NW in Washington, DC 20011, near charter schools, Walmart, shopping, restaurants, retail, parks, public transportation, and hospital and medical facilities. Major commuter routes and downtown DC are also readily accessible.
The property is located at 903 Missouri Avenue NW in Washington, DC 20011, near charter schools, Walmart, shopping, restaurants, retail, parks, public transportation, and hospital and medical facilities. Major commuter routes and downtown DC are also readily accessible.
Key Highlights
- Three‑unit triplex at 903 MISSOURI AVENUE NW, WASHINGTON, DC 20011
- 1,824‑square‑foot property built in 1936
- Each unit has a 1BR/1BA layout plus an enclosed flex area
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
$32,681
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
4.51%
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%
$653,620
$653.6K
Cap Rate 7%
$466,871
$466.9K
Cap Rate 9%
$363,122
$363.1K
Market Conditions
NOI Build-Up for 1,824 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
$49.2K $27.00/SF
− Vacancy
−$2.6K −$1.40/SF
EGI
$46.7K $25.60/SF
− OpEx
−$14.0K −$7.68/SF
NOI
$32.7K $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%
$653,620
Cap Rate 7%
$466,871
Cap Rate 9%
$363,122
Alternative Uses
Best Use
Multifamily LT 5
$466.9K
$408.5K – $544.7K
NOI $32,681 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$414.7K
$362.9K – $483.9K
NOI $29,031 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$941.7K
$824.0K – $1.10M
NOI $65,921 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,623
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
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 - Three-unit property includes enclosed flexible areas and a fenced backyard.
Where is this triplex located?
The property is located at 903 MISSOURI AVENUE NW Washington, DC.
What is the asking price?
The asking price for this property is $724,990.
What are key features of this property?
This property features: Three‑unit triplex at 903 MISSOURI AVENUE NW, WASHINGTON, DC 20011; 1,824‑square‑foot property built in 1936; Each unit has a 1BR/1BA layout plus an enclosed flex area
