Updated Residential Income
For Sale
$120,999
3937 PENNSYLVANIA AVENUE SE Unit 102, Washington, DC 20020
A renovated kitchen and refreshed interior finishes give this Washington, D.C. condo a contemporary feel.
Property Size583 SF
Price / SF$207.55
Days on Market175
Property Features for 3937 PENNSYLVANIA AVENUE SE Unit 102
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
$1,146
Building Details
Building Size
583 SF
Year Built
1940
Listing Agency:
Bennett Realty Solutions
Listed By:
Laurence H McGee
(301) 332-4163
Source:
Jackrealtygroup
Added: May 7
Changed: Oct 27
Last Checked: Oct 26 at 3:19PM
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 Bennett Realty Solutions
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 583-square-foot condominium at 3937 Pennsylvania Avenue SE, Unit 102, contains one bedroom and one bathroom. Built in 1940, the residence has updated flooring and finishes, along with a renovated kitchen featuring wood cabinetry, a full-size refrigerator, and a dishwasher.
The property is in Washington, D.C., with access to Metrobus routes, I-295, and the Blue, Orange, and Silver Metro lines. Skyland Town Center, Navy Yard, and Eastern Market are among the nearby destinations. Francis A. Gregory Neighborhood Library and Fort Dupont Park are also in the surrounding area.
The property is in Washington, D.C., with access to Metrobus routes, I-295, and the Blue, Orange, and Silver Metro lines. Skyland Town Center, Navy Yard, and Eastern Market are among the nearby destinations. Francis A. Gregory Neighborhood Library and Fort Dupont Park are also in the surrounding area.
Key Highlights
- 583‑square‑foot condominium with one bedroom and one bathroom
- Built in 1940; updated flooring and interior finishes
- Renovated kitchen with wood cabinetry, full‑size refrigerator, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,204
Cap Rate
7.61%
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 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$301.0K
$263.4K – $351.2K
NOI $21,070 @ 7.0% cap · market cap 17.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A renovated kitchen and refreshed interior finishes give this Washington, D.C. condo a contemporary feel.
Where is this residential income property located?
The property is located at 3937 PENNSYLVANIA AVENUE SE Unit 102 Washington, DC.
What is the asking price?
The asking price for this property is $120,999.
What are key features of this property?
This property features: 583‑square‑foot condominium with one bedroom and one bathroom; Built in 1940; updated flooring and interior finishes; Renovated kitchen with wood cabinetry, full‑size refrigerator, and dishwasher
