Renovated Two-Bedroom
For Sale
$165,000
2016 37TH STREET SE Unit 202, Washington, DC 20020
A 625-square-foot residence includes an in-unit washer and dryer in a secure building.
Property Size625 SF
Price / SF$264
Days on Market32
Property Features for 2016 37TH STREET SE Unit 202
General Information
Standard status
Active
Size
625 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Fairfax Village
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,250
Amenities
in-unit washer & dryer
secure building
Building Details
Building Size
625 SF
Year Built
1940
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 28
Changed: Oct 27
Last Checked: Oct 26 at 3:10PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This two-bedroom condominium offers 625 square feet of living space and has been renovated. An in-unit washer and dryer are included, and the residence is in a secure building. The property was built in 1940.
The home is in Washington, DC, with shopping, dining, major commuter routes, and Joint Base Andrews described as nearby.
The home is in Washington, DC, with shopping, dining, major commuter routes, and Joint Base Andrews described as nearby.
Key Highlights
- Two‑bedroom condominium with 625 square feet of living space
- Renovated interior
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,867
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,340
$197.3K
Cap Rate 7%
$140,957
$141.0K
Cap Rate 9%
$109,633
$109.6K
Market Conditions
NOI Build-Up for 625 SF
Gross rent
$19.1K $30.60/SF
− Vacancy
−$1.2K −$1.90/SF
EGI
$17.9K $28.70/SF
− OpEx
−$8.1K −$12.92/SF
NOI
$9.9K $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%
$197,340
Cap Rate 7%
$140,957
Cap Rate 9%
$109,633
Alternative Uses
Best Use
Apartment 5plus
$141.0K
$123.3K – $164.5K
NOI $9,867 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$322.7K
$282.4K – $376.5K
NOI $22,588 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
442
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 - A 625-square-foot residence includes an in-unit washer and dryer in a secure building.
Where is this residential income property located?
The property is located at 2016 37TH STREET SE Unit 202 Washington, DC.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two‑bedroom condominium with 625 square feet of living space; Renovated interior; In‑unit washer and dryer
