New Construction 15-Unit
For Sale
$5,500,000
1955 Fairlawn Ave SE, Washington, DC 20020
New construction 15-unit building with diverse unit mix.
Property Size14,359 SF
Price / SF$383.04
Days on Market321
Property Features for 1955 Fairlawn Ave SE
General Information
Standard status
Active
Size
14,359 SF
Building Details
Year Built
2025
Listing Agency:
Keller Williams Capital Properties
Listed By:
Ty Voyles · License #215171
(202) 725-8983
Source:
Themelaninteam
Added: Nov 28, 2025
Changed: Oct 7
Last Checked: Oct 15 at 2:24AM
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 Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
This is a new construction, 15-unit building. The unit mix includes two one-bedroom units with one bathroom each, eleven two-bedroom units (three with 1.5 bathrooms and eight with two bathrooms), and two three-bedroom units with two bathrooms, featuring penthouse levels and private roof decks. There are three ADA-compliant units, all located on the first floor. The property features great layouts and high-quality finishes, making it suitable as a turnkey property.
Key Highlights
- New construction (2025) 15‑unit building.
- Diverse unit mix: one, two, and three‑bedroom units.
- Penthouse levels with private roof decks.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$226,679
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,533,580
$4.5M
Cap Rate 7%
$3,238,271
$3.2M
Cap Rate 9%
$2,518,656
$2.5M
Market Conditions
NOI Build-Up for 14,359 SF
Gross rent
$439.4K $30.60/SF
− Vacancy
−$27.2K −$1.90/SF
EGI
$412.1K $28.70/SF
− OpEx
−$185.5K −$12.92/SF
NOI
$226.7K $15.79/SF
Area
ZIP 20020
Vacancy
6.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,533,580
Cap Rate 7%
$3,238,271
Cap Rate 9%
$2,518,656
Alternative Uses
Best Use
Apartment 5plus
$3.24M
$2.83M – $3.78M
NOI $226,679 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.41M
$6.49M – $8.65M
NOI $518,950 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
Explore this area
Business Placement
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - New construction 15-unit building with diverse unit mix.
Where is this apartment building located?
The property is located at 1955 Fairlawn Ave SE Washington, DC.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: New construction (2025) 15‑unit building.; Diverse unit mix: one, two, and three‑bedroom units.; Penthouse levels with **private roof decks**.
