One-Bedroom Residential
For Sale
$129,000
3823 W STREET SE Unit 201, Washington, DC 20020
In-unit laundry, central heating and cooling, and a full bathroom serve the residence.
Property Size581 SF
Price / SF$222.03
Days on Market22
Property Features for 3823 W STREET SE Unit 201
General Information
Standard status
Active
Size
581 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Skyland
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,127
Amenities
in-unit washer/dryer
central heat and air
Building Details
Building Size
581 SF
Year Built
1940
Listing Agency:
Compass
Listed By:
Roger Taylor · License #SP98375653
(202) 679-1750
Source:
Jackrealtygroup
Added: Oct 7
Changed: Oct 27
Last Checked: Oct 26 at 3:54PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set on the second floor, this 581-square-foot, one-bedroom residence has an open living, dining, and kitchen area. The kitchen includes wood cabinetry, ample counter space, and a breakfast bar. The bedroom features double windows and mirrored closet doors, while the full bathroom has a tub and shower. Built-in shelving and entry closets provide additional storage. The unit includes a washer and dryer, central heat and air, and new carpet installed in 2026.
The building is Fairfax Village in the Hillcrest subdivision of Southeast DC. Parks, local shops, everyday services, and several bus routes are nearby. Parking is on the street. The monthly fee covers water, sewer, trash, lawn care, and exterior building maintenance.
The building is Fairfax Village in the Hillcrest subdivision of Southeast DC. Parks, local shops, everyday services, and several bus routes are nearby. Parking is on the street. The monthly fee covers water, sewer, trash, lawn care, and exterior building maintenance.
Key Highlights
- 581‑square‑foot, one‑bedroom residence on the second floor
- In‑unit washer and dryer; central heat and air
- New carpet installed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,172
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,440
$183.4K
Cap Rate 7%
$131,029
$131.0K
Cap Rate 9%
$101,911
$101.9K
Market Conditions
NOI Build-Up for 581 SF
Gross rent
$17.8K $30.60/SF
− Vacancy
−$1.1K −$1.90/SF
EGI
$16.7K $28.70/SF
− OpEx
−$7.5K −$12.92/SF
NOI
$9.2K $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%
$183,440
Cap Rate 7%
$131,029
Cap Rate 9%
$101,911
Alternative Uses
Best Use
Apartment 5plus
$131.0K
$114.7K – $152.9K
NOI $9,172 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$300.0K
$262.5K – $350.0K
NOI $20,998 @ 7.0% cap · market cap 16.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
752
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
Frequently Asked Questions
What type of property is this?
Residential income property - In-unit laundry, central heating and cooling, and a full bathroom serve the residence.
Where is this residential income property located?
The property is located at 3823 W STREET SE Unit 201 Washington, DC.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: 581‑square‑foot, one‑bedroom residence on the second floor; In‑unit washer and dryer; central heat and air; New carpet installed in 2026
