740 Fairmont Street NW A Washington, DC 20001
Listing Courtesy of: BRIGHT IDX / Listed By: Jack Shorb, Corcoran Mcenearney

  740 Fairmont Street NW A Washington, DC 20001

Active (17 Days)
$725,000 (USD)
3
BED
3
BATH
1,379
SQFT

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 ITSELFRent 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.

MLS #:
DCDC2276058
Taxes
$5,664(2026)
Type
Condo
Building Name
Columbia Heights
Year Built
1995
Style
Unit/Flat
School District
District of Columbia Public Schools

Listed By

Jack Shorb, Corcoran Mcenearney
Source
BRIGHT IDX
Last checked Aug 14 2026 at 9:00 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
Interior Features
  • 2nd Kitchen
Subdivision
  • Columbia Heights
Property Features
  • Above Grade
  • Below Grade
Heating and Cooling
  • Forced Air
  • Central A/C
Exterior Features
  • Brick
Utility Information
  • Sewer: Public Sewer
  • Fuel: Natural Gas
Stories
  • 2
Living Area
  • 1,379 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
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Mortgage calculator estimates are provided by The Corcoran Group and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2026 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 8/14/26 02:00