Corner Residential Income
For Sale
$387,000
5410 CONNECTICUT AVE NW #412, Washington, DC 20015
WASHINGTON, DC
Property Size1,020 SF
Price / SF$379.41
Days on Market129
Property Features for 5410 CONNECTICUT AVE NW #412
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2
Subdivision
CHEVY CHASE
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Amenities
24-hour front desk service
fitness center
rooftop terrace
bike storage
party room
extra storage unit
Building Details
Year built
1957
Listing Agency:
One Bethesda
(240) 497-1700
Listed By:
Vicki L Porter
(301) 229-4000
Added: May 8
Changed: Sep 11
Last Checked: Sep 13 at 1:06PM
MLS# DCDC2260032
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bath corner condominium offers 1,020 square feet with windows on three sides, engineered hardwood flooring, a white kitchen, generous closet storage, and a primary suite with its own bathroom. The residence also includes an additional storage unit and garage parking. Living and dining areas receive abundant natural light and overlook treetops and sunset views.
The property is located 0.6 miles from Friendship Heights Metro Station and carries a walk score of 90. Nearby conveniences include restaurants, boutique shopping, grocery stores, parks, a library, a recreation center, the Avalon Theatre, Metro, and bus lines. Building amenities include 24-hour front desk service, a fitness center, rooftop terrace, bike storage, party room, and multiple elevators. The condominium fee includes electricity, gas, heat, A/C, water, and maintenance.
The property is located 0.6 miles from Friendship Heights Metro Station and carries a walk score of 90. Nearby conveniences include restaurants, boutique shopping, grocery stores, parks, a library, a recreation center, the Avalon Theatre, Metro, and bus lines. Building amenities include 24-hour front desk service, a fitness center, rooftop terrace, bike storage, party room, and multiple elevators. The condominium fee includes electricity, gas, heat, A/C, water, and maintenance.
Key Highlights
- 2‑bedroom, 2‑bath corner condominium with 1,020 square feet
- Windows on three sides provide natural light and treetop sunset views
- 0.6 miles from Friendship Heights Metro Station; walk score of 90
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,948
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$338,960
$339.0K
Cap Rate 7%
$242,114
$242.1K
Cap Rate 9%
$188,311
$188.3K
Market Conditions
NOI Build-Up for 1,020 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.4K $31.80/SF
− Vacancy
−$1.6K −$1.59/SF
EGI
$30.8K $30.21/SF
− OpEx
−$13.9K −$13.59/SF
NOI
$16.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$338,960
Cap Rate 7%
$242,114
Cap Rate 9%
$188,311
Alternative Uses
Best Use
Apartment 5plus
$242.1K
$211.9K – $282.5K
NOI $16,948 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$524.7K
$459.1K – $612.1K
NOI $36,726 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,224
Businesses Nearby
Explore this area
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 - Three-sided window exposure, garage parking, and full-service condominium amenities enhance this Washington, DC residence.
Where is this residential income property located?
The property is located at 5410 CONNECTICUT AVE NW #412 Washington, DC.
What is the asking price?
The asking price for this property is $387,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath corner condominium with 1,020 square feet; Windows on three sides provide natural light and treetop sunset views; 0.6 miles from Friendship Heights Metro Station; walk score of 90
