Two-Bedroom Residential Income
For Sale
$135,000
2013 37TH STREET SE, Washington, DC 20020
The first-floor residence includes in-unit laundry and a practical two-bedroom layout.
Property Size644 SF
Price / SF$209.63
Days on Market192
Property Features for 2013 37TH STREET SE
General Information
Standard status
Active
Size
644 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Glover Park
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,132
Amenities
in-unit laundry
Building Details
Building Size
644 SF
Year Built
1940
Listing Agency:
Samson Properties
Listed By:
Kendra G Whitaker
(202) 487-3675
Source:
Jackrealtygroup
Added: Apr 20
Changed: Oct 27
Last Checked: Oct 26 at 3:58PM
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
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Investment Insights
Based on property information with market context.
This 644-square-foot, first-floor condo has two bedrooms, one bathroom, and in-unit laundry. The residence dates to 1940 and is part of Fairfax Village, a community described as historic in the property information.
On-street parking and access to public transportation are noted. Local parks are also identified as nearby.
On-street parking and access to public transportation are noted. Local parks are also identified as nearby.
Key Highlights
- 644‑square‑foot condo
- Two bedrooms and one bathroom
- First‑floor unit with in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,167
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,340
$203.3K
Cap Rate 7%
$145,243
$145.2K
Cap Rate 9%
$112,967
$113.0K
Market Conditions
NOI Build-Up for 644 SF
Gross rent
$19.7K $30.60/SF
− Vacancy
−$1.2K −$1.90/SF
EGI
$18.5K $28.70/SF
− OpEx
−$8.3K −$12.92/SF
NOI
$10.2K $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%
$203,340
Cap Rate 7%
$145,243
Cap Rate 9%
$112,967
Alternative Uses
Best Use
Apartment 5plus
$145.2K
$127.1K – $169.5K
NOI $10,167 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$332.5K
$290.9K – $387.9K
NOI $23,275 @ 7.0% cap · market cap 17.24%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,811
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The first-floor residence includes in-unit laundry and a practical two-bedroom layout.
Where is this residential income property located?
The property is located at 2013 37TH STREET SE Washington, DC.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 644‑square‑foot condo; Two bedrooms and one bathroom; First‑floor unit with in‑unit laundry
