$ 725,000
-
$725,000
Price -
3
Bed -
3
Bath -
1,379
SqFt
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Open House Times
- Sat. Aug. 08 at 1:30pm to 2:30pm
About the Listing MCE7 - 3276558
ATTENTION INVESTORS & HOUSE-HACKERS: Own and live in a luxury condo for half the price! Welcome to this rare two-level, 3-bedroom, 3-bath condo, offering the flexibility to live as one spacious home or to live like two separate residences. The main level includes two bedrooms, two full bathrooms, an open living area, kitchen, and private outdoor deck. The lower level is particularly self-contained, with its own living room, bedroom, full bathroom, kitchenette with refrigerator, dedicated HVAC system, stacked washer and dryer, and a private entrance. Enjoy the entire property as one home, reserve the lower level for family or guests, or live on one floor and rent the other. THE NUMBERS BEHIND A SMARTER WAY TO OWN: A CONDO THAT PAYS FOR ITSELF Rent the lower level for an estimated $2,000 per month and put that income toward your monthly ownership costs. Based on an illustrative financing scenario with 10% down, that rental income could offset nearly half of the projected principal-and-interest payment, reducing the effective monthly cost from more than $4,000 to just over $2,000. That is comparable to the monthly principal-and-interest cost of a home priced around $375,000, while owning a $725,000 property. Detailed rental scenario breakdowns are available upon request. Beyond rental income, this versatile layout is also ideal for multigenerational living, an au pair or caregiver suite, roommates, a private guest suite, a separate home office or studio, or simply anyone who values additional privacy and separation within the home. Ideally situated on a quiet, one-way residential street between the U Street Corridor and Columbia Heights, the home is approximately half a mile from both Metro stations and offers convenient access to Shaw, Howard University, Georgia Avenue, and the 14th Street corridor. Everyday conveniences are close at hand, including Whole Foods on Florida Avenue and Target and Lidl at DC USA. Banneker Recreation Center is just a few blocks away, with an outdoor pool, running track, tennis and basketball courts, athletic field, playground, and other recreational facilities. It is the best of both worlds: a calm, residential one-way street with some of D.C.’s most vibrant neighborhood corridors, shopping, dining, recreation, and transit nearby.
Listing Highlights
Status
Active
Days on Site
9
Property Type
Condo
MLS ®
DCDC2276058
Year Built
1995
Total Square Footage
1,379
Lot/Acreage
N/A
County
Washington
Building Name
Columbia Heights
Neighborhood
Columbia Heights
HOA Dues
330.24/Monthly
School District
District Of Columbia Public Schools
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 891
- Below Ground Sq Ft: 488
- Basement:
- Other: 2nd Kitchen,No Pet Restrictions,Pets Allowed,Main Floor Bedrooms: 2
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: R
- Roof:
- Others: Water,Common Area Maintenance,Ext Bldg Maint,Reserve Funds
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $5,664
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
740 Fairmont Street Nw A Washington, DC 20001
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