Two-Bedroom Residential Income
For Sale
$129,900
2107 FORT DAVIS STREET SE Unit 202, Washington, DC 20020
The condo is FHA-certified and includes water in its monthly association fee.
Property Size605 SF
Price / SF$214.71
Days on Market156
Property Features for 2107 FORT DAVIS STREET SE Unit 202
General Information
Standard status
Active
Size
605 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
can be updated
Site & Location
Neighborhood
Fairfax Village
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,500
Amenities
community surveillance cameras
pet stations
Building Details
Building Size
605 SF
Year Built
1940
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: May 26
Changed: Oct 27
Last Checked: Oct 26 at 3:18PM
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 605-square-foot, two-bedroom, one-bath condo was built in 1940 and is described as habitable, with updating possible while occupied. The Fairfax Village VI community provides surveillance cameras and pet stations; water and access to resident amenities are covered by the monthly condo fee.
The property has access to I-295, I-395, and I-495. Skyland Town Center and Metro bus and rail service are nearby, with Downtown DC, Maryland, and Virginia also within minutes.
The property has access to I-295, I-395, and I-495. Skyland Town Center and Metro bus and rail service are nearby, with Downtown DC, Maryland, and Virginia also within minutes.
Key Highlights
- 605‑square‑foot condo with two bedrooms and one bathroom
- FHA‑certified; built in 1940
- Monthly condo fee covers water, surveillance camera access, pet stations, and other resident amenities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,551
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,020
$191.0K
Cap Rate 7%
$136,443
$136.4K
Cap Rate 9%
$106,122
$106.1K
Market Conditions
NOI Build-Up for 605 SF
Gross rent
$18.5K $30.60/SF
− Vacancy
−$1.1K −$1.90/SF
EGI
$17.4K $28.70/SF
− OpEx
−$7.8K −$12.92/SF
NOI
$9.6K $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%
$191,020
Cap Rate 7%
$136,443
Cap Rate 9%
$106,122
Alternative Uses
Best Use
Apartment 5plus
$136.4K
$119.4K – $159.2K
NOI $9,551 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$312.4K
$273.3K – $364.4K
NOI $21,865 @ 7.0% cap · market cap 16.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
425
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo is FHA-certified and includes water in its monthly association fee.
Where is this residential income property located?
The property is located at 2107 FORT DAVIS STREET SE Unit 202 Washington, DC.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: 605‑square‑foot condo with two bedrooms and one bathroom; FHA‑certified; built in 1940; Monthly condo fee covers water, surveillance camera access, pet stations, and other resident amenities
