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740 Fairmont Street Nw A , Washington, DC 20001
$649,000
Est. Payment: $3,600.86/mo
3 Bed
3 Bath
1379 Sqft
Status: active | Days on site: 22
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MCE7 - 3276558
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House Description

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.

Highlights

Listed by John Wallace Shorb Jr. , 3017677545 Corcoran McEnearney , 2025525600. Bright MLS

Property Type

Condo

Year Built

1995

County

Washington

Neighborhood

Columbia Heights

School District

District Of Columbia Public Schools

Listing ID

DCDC2287960

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:891
Below Ground Sq Ft:488
Other:
  • ▪ Main Floor Bedrooms:2
  • ▪ Additional:2nd Kitchen, No Pet Restrictions, Pets Allowed
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Zoning:R
Others:
  • ▪ Additional:Water, Common Area Maintenance, Ext Bldg Maint, Reserve Funds
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$3,601
Taxes
$472

Home Price

$649,000

Loan Details

30 yrs
7.417%

Down Payment

20%
$129,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,600.86

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $3,600.86 $472.00 $330.24 $4,403.10
Yearly $43,210.31 $5,664.00 $3,962.88 $52,837.19
Total $1,296,309.27 $169,920.00 $118,886.40 $1,585,115.67
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Washington, DC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T13:14:08.000Z

© 2026 Bright MLS