1228 FAIRMONT St NW

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.