1228 FAIRMONT STREET NW

Property Description

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.