Renovated One-Bedroom
For Sale
$285,000
5315 CONNECTICUT AVENUE NW Unit 407, Washington, DC 20015
The condo fee includes electricity, gas, water, heat, air conditioning, trash, and sewer.
Property Size777 SF
Price / SF$366.80
Days on Market125
Property Features for 5315 CONNECTICUT AVENUE NW Unit 407
General Information
Standard status
Active
Size
777 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,476
Amenities
front desk concierge
controlled access with mobile phone integration
secure package delivery room
bike room
extra storage
roof deck terrace
on site laundry
smoke free building
pre wired for Xfinity and Fios
Building Details
Building Size
777 SF
Year Built
1955
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Teodor V Stan · License #SP98375597
(202) 569-3310
Source:
Jackrealtygroup
Added: Jun 27
Changed: Oct 27
Last Checked: Oct 26 at 4:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 777-square-foot, one-bedroom residence occupies the fourth floor of Jocelyn House, a building completed in 1955. Interior improvements include a kitchen with granite countertops and stainless steel appliances, a bathroom finished with Carrara marble, and refinished parquet flooring. Three walk-in closets, large sliding windows, high ceilings, and updated air-conditioning convector units are among the unit’s features.
Building amenities include a front desk concierge, controlled entry, a secure package room, bike storage, extra storage, a roof terrace, and on-site laundry. The condo fee covers electricity, gas, water, heat, air conditioning, trash, and sewer. The building is smoke-free and does not permit pets.
The property is on Connecticut Avenue NW, with bus service at the entrance and Friendship Heights and Van Ness–UDC Metro stations nearby. Nearby destinations named include Safeway, CVS, the Avalon Theatre, Chevy Chase Library, and Rock Creek Park trails.
Building amenities include a front desk concierge, controlled entry, a secure package room, bike storage, extra storage, a roof terrace, and on-site laundry. The condo fee covers electricity, gas, water, heat, air conditioning, trash, and sewer. The building is smoke-free and does not permit pets.
The property is on Connecticut Avenue NW, with bus service at the entrance and Friendship Heights and Van Ness–UDC Metro stations nearby. Nearby destinations named include Safeway, CVS, the Avalon Theatre, Chevy Chase Library, and Rock Creek Park trails.
Key Highlights
- 777‑square‑foot one‑bedroom residence on the fourth floor
- Kitchen with granite countertops and stainless steel appliances
- Bathroom features Carrara marble; parquet flooring has been refinished
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,910
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,200
$258.2K
Cap Rate 7%
$184,429
$184.4K
Cap Rate 9%
$143,444
$143.4K
Market Conditions
NOI Build-Up for 777 SF
Gross rent
$24.7K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$23.5K $30.21/SF
− OpEx
−$10.6K −$13.59/SF
NOI
$12.9K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,200
Cap Rate 7%
$184,429
Cap Rate 9%
$143,444
Alternative Uses
Best Use
Apartment 5plus
$184.4K
$161.4K – $215.2K
NOI $12,910 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$399.7K
$349.7K – $466.3K
NOI $27,976 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,378
Businesses Nearby
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Business Placement
Demographics for 20015, DC
16,628
Population
6,727
Households
2.5
Avg Household Size
45
Median Age
86%
College-Educated
96%
High-School Grad
3.5 sq mi
ZIP Area
4,751
Density / Sq Mi
$250,001
Median Household Income
$152,430
Median Earnings
$2,088
Median Rent
$1,208,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo fee includes electricity, gas, water, heat, air conditioning, trash, and sewer.
Where is this residential income property located?
The property is located at 5315 CONNECTICUT AVENUE NW Unit 407 Washington, DC.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 777‑square‑foot one‑bedroom residence on the fourth floor; Kitchen with granite countertops and stainless steel appliances; Bathroom features Carrara marble; parquet flooring has been refinished
