Renovated One-Bedroom
For Sale
$135,000
3922 SOUTHERN AVENUE SE Unit 101, Washington, DC 20020
Updated kitchen and bath, in-unit laundry, and new HVAC complement this residential income property.
Property Size583 SF
Price / SF$231.56
Days on Market86
Property Features for 3922 SOUTHERN AVENUE SE Unit 101
General Information
Standard status
Active
Size
583 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Fairfax Village
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,082
Amenities
stackable washer/dryer
Building Details
Building Size
583 SF
Year Built
1940
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 4
Changed: Oct 27
Last Checked: Oct 26 at 2:34PM
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 one-bedroom condo offers 583 square feet of living space and was built in 1940. Recent updates include fresh paint, luxury vinyl flooring, lighting, and HVAC. The kitchen has new cabinetry, granite counters, a modern backsplash, ceramic tile flooring, and a dishwasher, refrigerator, microwave, and electric range. A renovated bathroom features new tile, and a stackable washer and dryer provide in-unit laundry. The only utility paid separately is electricity; water and lawn and common-area maintenance are included in the condo fee.
The unit is in Fairfax Village, with Fort Davis Park, Fort Dupont Park, the Anacostia Waterfront bridge, trails, and shopping described as a short walk away. It is less than a mile from Metro and served by multiple bus lines. Suitland Parkway, I-395, I-295, and I-495 provide regional road access.
The unit is in Fairfax Village, with Fort Davis Park, Fort Dupont Park, the Anacostia Waterfront bridge, trails, and shopping described as a short walk away. It is less than a mile from Metro and served by multiple bus lines. Suitland Parkway, I-395, I-295, and I-495 provide regional road access.
Key Highlights
- 583‑square‑foot, one‑bedroom condo in Fairfax Village
- New HVAC, lighting, luxury vinyl flooring, and fresh paint
- Kitchen includes granite counters, new cabinets, tile flooring, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,204
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,080
$184.1K
Cap Rate 7%
$131,486
$131.5K
Cap Rate 9%
$102,267
$102.3K
Market Conditions
NOI Build-Up for 583 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%
$184,080
Cap Rate 7%
$131,486
Cap Rate 9%
$102,267
Alternative Uses
Best Use
Apartment 5plus
$131.5K
$115.1K – $153.4K
NOI $9,204 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$301.0K
$263.4K – $351.2K
NOI $21,070 @ 7.0% cap · market cap 15.61%
Zoning and permitted uses should be independently verified with authorities.
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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
329
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 - Updated kitchen and bath, in-unit laundry, and new HVAC complement this residential income property.
Where is this residential income property located?
The property is located at 3922 SOUTHERN AVENUE SE Unit 101 Washington, DC.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 583‑square‑foot, one‑bedroom condo in Fairfax Village; New HVAC, lighting, luxury vinyl flooring, and fresh paint; Kitchen includes granite counters, new cabinets, tile flooring, and appliances
