1228 Fairmont Street
Washington, DC 20009-
Est. Payment/ mo
High-Yield Investment in Columbia Heights – 9BR/6BA Home with Legal 2BR/2BA English Basement + Den
Exceptional opportunity to own a high-income-producing property in one of DC’s most sought-after neighborhoods. This spacious 9-bedroom, 6-bathroom residence includes a fully finished 2-bedroom, 2-bathroom English basement with a den/office and a Certificate of Occupancy—ideal for rental income or use as a private in-law suite. Both units feature upscale kitchens with granite countertops, offering modern finishes that attract quality tenants.
Outdoor amenities include a front terrace, a rare rear terrace, a second-floor veranda, and a two-car parking pad—an urban luxury that enhances rental appeal. Located just minutes from Columbia Heights and U Street Metro stations and major bus lines, this property is perfectly positioned for strong long-term rental demand.
Estimated Rental Income:
2BR/2BA English Basement + Den: Market comps suggest $3,000–$3,500/month. Conservatively:
$3,000 × 12 = $36,000 annually
Main Unit (9 Bedrooms): With group or room-by-room rentals at approx. $1,400/room:
$1,400 × 9 × 12 = $151,200 annually
Total Estimated Annual Rental Income: $187,200
Estimated Cap Rate:
($187,200 ÷ $1,475,000) × 100 = 12.7%
With a cap rate near 13% and premium finishes throughout, this property offers an ideal blend of upscale living and solid investment fundamentals in the heart of Columbia Heights.
Listing provided courtesy of: Washington Fine Properties, LLC.
PROPERTY DETAILS
- Price $1,475,000
- Price / Sq Ft $439
- Beds 9
- Baths 6
- Bldg/Unit Size (Sq Ft) 3,359
- Land/Lot Size (Sq Ft) 2,178
- Property Type Residential
- Floors / Stories 4
- Year Built 1912
- MLS Number DCDC2171080
- Days on Market 61
TAXES & HOA
- Annual Taxes (USD) $8,508
CONSIDER SIMILAR LISTINGS
OPEN HOUSE: 05/24 (2 - 4 PM)
DISCLAIMERS, ANCILLARY INFO, DISCLOSURES & OTHER LEGAL STUFF
Listing provided courtesy of: Washington Fine Properties, LLC. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS assumes no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information is deemed reliable but not guaranteed. © 2025 by BRIGHT MLS. All rights reserved. Listing last updated on 05/19/2025 08:59:34
