Two-Bedroom
For Sale
$139,998
3816 V STREET SE Unit 102, Washington, DC 20020
Renovated unit features updated kitchen and bath finishes, in-unit laundry, and wood flooring.
Property Size598 SF
Price / SF$234.11
Days on Market171
Property Features for 3816 V STREET SE Unit 102
General Information
Standard status
Active
Size
598 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Fairfax Village
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,703
Amenities
stackable washer and dryer
Building Details
Building Size
598 SF
Year Built
1940
Listing Agency:
Compass
Listed By:
District Property Group
(202) 286-1658
Source:
Districtpropertygroup
Added: May 12
Changed: Oct 27
Last Checked: Oct 27 at 3:27AM
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 Compass
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Investment Insights
Based on property information with market context.
This 598-square-foot condominium was built in 1940 and has two bedrooms and one full bathroom. Recent updates include kitchen cabinetry, flooring, and stainless steel appliances, including a dishwasher. The bathroom has updated fixtures and finishes, and wood flooring runs throughout the unit. A stackable washer and dryer are included.
Water is covered by the HOA; the owner is responsible for electricity.
Water is covered by the HOA; the owner is responsible for electricity.
Key Highlights
- 598‑square‑foot condominium with two bedrooms and one full bathroom
- Updated kitchen cabinetry, flooring, and stainless steel appliances, including a dishwasher
- Stackable washer and dryer in the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,440
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$188,800
$188.8K
Cap Rate 7%
$134,857
$134.9K
Cap Rate 9%
$104,889
$104.9K
Market Conditions
NOI Build-Up for 598 SF
Gross rent
$18.3K $30.60/SF
− Vacancy
−$1.1K −$1.90/SF
EGI
$17.2K $28.70/SF
− OpEx
−$7.7K −$12.92/SF
NOI
$9.4K $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%
$188,800
Cap Rate 7%
$134,857
Cap Rate 9%
$104,889
Alternative Uses
Best Use
Apartment 5plus
$134.9K
$118.0K – $157.3K
NOI $9,440 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.7K
$270.2K – $360.2K
NOI $21,612 @ 7.0% cap · market cap 15.44%
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 - Renovated unit features updated kitchen and bath finishes, in-unit laundry, and wood flooring.
Where is this residential income property located?
The property is located at 3816 V STREET SE Unit 102 Washington, DC.
What is the asking price?
The asking price for this property is $139,998.
What are key features of this property?
This property features: 598‑square‑foot condominium with two bedrooms and one full bathroom; Updated kitchen cabinetry, flooring, and stainless steel appliances, including a dishwasher; Stackable washer and dryer in the unit
