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Building Details

Building Size 1,824 SF

Year Built 1936

Listing Agency: Samson Properties

Listed By: Megan Janine Sheckles · License #SP40002376 Show Phone

Source: Kerishull

Added: May 9 Changed: Oct 9 Last Checked: Oct 15 at 4:47AM

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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.

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 / Yr

$32,681

Cap Rate

4.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$653,620 $653.6K

Cap Rate 7%

$466,871 $466.9K

Cap Rate 9%

$363,122 $363.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,824 SF

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 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 (±1% cap)

NOI $32,681 @ 7.0% cap · market cap 4.67%

Second Best

Apartment 5plus

$414.7K

$362.9K – $483.9K (±1% cap)

NOI $29,031 @ 7.0% cap · market cap 4.15%

Theoretical Best

Office A

$941.7K

$824.0K – $1.10M (±1% cap)

NOI $65,921 @ 7.0% cap · market cap 9.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Parking Lot & Garage Spa & Massage Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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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 $699,990.

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