Residential Condo
For Sale
$165,000
2125 SUITLAND TERRACE SE Unit 302, Washington, DC 20020
Kitchen cabinetry and a dining area complement the unit’s open living space.
Property Size636 SF
Price / SF$259.43
Days on Market23
Property Features for 2125 SUITLAND TERRACE SE Unit 302
General Information
Standard status
Active
Size
636 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Fairfax Village
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,216
Building Details
Building Size
636 SF
Year Built
1940
Listing Agency:
Keller Williams Capital Properties
Listed By:
Russell Carter · License #SP98377566
(202) 953-0777
Source:
Jackrealtygroup
Added: Oct 6
Changed: Oct 27
Last Checked: Oct 26 at 2:56PM
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
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Investment Insights
Based on property information with market context.
This 636-square-foot condominium unit includes an open living area with large windows, a kitchen with ample cabinet storage, a dining area, and multiple bedrooms. The property was built in 1940 and is located in Southeast Washington, DC.
Major commuter routes and public transportation provide connections to downtown DC. Shopping, dining, and neighborhood amenities are also nearby. The unit is presented as suitable for homeowners or investors.
Major commuter routes and public transportation provide connections to downtown DC. Shopping, dining, and neighborhood amenities are also nearby. The unit is presented as suitable for homeowners or investors.
Key Highlights
- 636‑square‑foot condominium unit
- Built in 1940
- Open living area with large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,040
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,800
$200.8K
Cap Rate 7%
$143,429
$143.4K
Cap Rate 9%
$111,556
$111.6K
Market Conditions
NOI Build-Up for 636 SF
Gross rent
$19.5K $30.60/SF
− Vacancy
−$1.2K −$1.90/SF
EGI
$18.3K $28.70/SF
− OpEx
−$8.2K −$12.92/SF
NOI
$10.0K $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%
$200,800
Cap Rate 7%
$143,429
Cap Rate 9%
$111,556
Alternative Uses
Best Use
Apartment 5plus
$143.4K
$125.5K – $167.3K
NOI $10,040 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$328.4K
$287.3K – $383.1K
NOI $22,986 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
425
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 - Kitchen cabinetry and a dining area complement the unit’s open living space.
Where is this residential income property located?
The property is located at 2125 SUITLAND TERRACE SE Unit 302 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: 636‑square‑foot condominium unit; Built in 1940; Open living area with large windows
