Two-Bedroom Income
For Sale
$144,000
3814 V STREET SE Unit 201, Washington, DC 20020
An occupied residence features in-unit laundry, central heating and cooling, and recently installed carpet.
Property Size660 SF
Price / SF$218.18
Days on Market416
Property Features for 3814 V STREET SE Unit 201
General Information
Standard status
Active
Size
660 SF
Property subtype
Unit/Flat/Apartment
Financials
Gross Income
$19,320
Average Monthly Rent
$1,610
Site & Location
Neighborhood
Fairfax Village
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,262
Amenities
in-unit washer dryer
central air/heat
Building Details
Building Size
660 SF
Year Built
1940
Tenancy
Single
Listing Agency:
RE/MAX Allegiance
Listed By:
Nancy V Miranda · License #SP98362948
(202) 276-1212
Source:
Jackrealtygroup
Added: Sep 8, 2025
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 RE/MAX Allegiance
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Investment Insights
Based on property information with market context.
This 660-square-foot, two-bedroom, one-bathroom condominium has an in-unit washer and dryer, central air and heat, and brand-new carpet. Built in 1940, the unit has a tenant in place and is located within Fairfax Village, a 54-acre residential community in Washington, DC.
The community sits off Pennsylvania Avenue SE. A shopping center is steps away, and the property is described as close to federally protected parks, Metro stations, and commuter routes serving Maryland and Virginia.
The community sits off Pennsylvania Avenue SE. A shopping center is steps away, and the property is described as close to federally protected parks, Metro stations, and commuter routes serving Maryland and Virginia.
Key Highlights
- 660‑square‑foot condominium with two bedrooms and one bathroom
- Tenant in place
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,419
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,380
$208.4K
Cap Rate 7%
$148,843
$148.8K
Cap Rate 9%
$115,767
$115.8K
Market Conditions
NOI Build-Up for 660 SF
Gross rent
$20.2K $30.60/SF
− Vacancy
−$1.3K −$1.90/SF
EGI
$18.9K $28.70/SF
− OpEx
−$8.5K −$12.92/SF
NOI
$10.4K $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%
$208,380
Cap Rate 7%
$148,843
Cap Rate 9%
$115,767
Alternative Uses
Best Use
Apartment 5plus
$148.8K
$130.2K – $173.7K
NOI $10,419 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$340.8K
$298.2K – $397.6K
NOI $23,853 @ 7.0% cap · market cap 16.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Single-tenant
Tenancy
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 - An occupied residence features in-unit laundry, central heating and cooling, and recently installed carpet.
Where is this residential income property located?
The property is located at 3814 V STREET SE Unit 201 Washington, DC.
What is the asking price?
The asking price for this property is $144,000.
What are key features of this property?
This property features: 660‑square‑foot condominium with two bedrooms and one bathroom; Tenant in place; In‑unit washer and dryer
