One-Bedroom Residential Income
For Sale
$282,000
1321 FAIRMONT STREET NW Unit 205, Washington, DC 20009
The residence combines a compact one-bedroom layout with hardwood floors, granite counters, and stainless steel appliances.
Property Size430 SF
Price / SF$655.81
Days on Market141
Property Features for 1321 FAIRMONT STREET NW Unit 205
General Information
Standard status
Active
Size
430 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Heights
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,301
Building Details
Building Size
430 SF
Year Built
1950
Listing Agency:
TTR Sotheby's International Realty
Listed By:
David DeSantis · License #BR98368713
(202) 438-1542
Source:
Exqrealestate
Added: Jun 12
Changed: Oct 27
Last Checked: Oct 26 at 3:42PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 430-square-foot condominium has one bedroom and one bathroom, with hardwood flooring, granite countertops, stainless steel appliances, and high ceilings. Built in 1950, it is located in a boutique building and receives abundant natural light.
The property is in Washington, DC, near Metro service, restaurants, shopping, and the U Street corridor.
The property is in Washington, DC, near Metro service, restaurants, shopping, and the U Street corridor.
Key Highlights
- 430‑square‑foot condominium with one bedroom and one bathroom
- Built in 1950
- Hardwood floors, granite countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,368
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$167,360
$167.4K
Cap Rate 7%
$119,543
$119.5K
Cap Rate 9%
$92,978
$93.0K
Market Conditions
NOI Build-Up for 430 SF
Gross rent
$16.2K $37.56/SF
− Vacancy
−$937 −$2.18/SF
EGI
$15.2K $35.38/SF
− OpEx
−$6.8K −$15.92/SF
NOI
$8.4K $19.46/SF
Area
ZIP 20009
Vacancy
5.80%
Lease Rate
$37.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$167,360
Cap Rate 7%
$119,543
Cap Rate 9%
$92,978
Alternative Uses
Best Use
Apartment 5plus
$119.5K
$104.6K – $139.5K
NOI $8,368 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$221.2K
$193.5K – $258.0K
NOI $15,482 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,580
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence combines a compact one-bedroom layout with hardwood floors, granite counters, and stainless steel appliances.
Where is this residential income property located?
The property is located at 1321 FAIRMONT STREET NW Unit 205 Washington, DC.
What is the asking price?
The asking price for this property is $282,000.
What are key features of this property?
This property features: 430‑square‑foot condominium with one bedroom and one bathroom; Built in 1950; Hardwood floors, granite countertops, and stainless steel appliances
