Two-Level Residential Income
For Sale
$695,000
8101 CONNECTICUT AVENUE Unit S-610, Chevy Chase, MD 20815
Updated condominium residence with private balconies, storage units, and dedicated parking.
Property Size1,546 SF
Days on Market52
Property Features for 8101 CONNECTICUT AVENUE Unit S-610
General Information
Standard status
Active
Size
1,546 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,099
Amenities
private balcony
updated kitchen
updated appliances
walk-in closet
ensuite bath
upper level laundry
storage units
Building Details
Building Size
1,546 SF
Year Built
1982
Listing Agency:
Washington Fine Properties
Listed By:
Alyssa A Crilley · License #594463
(301) 325-0079
Source:
Barnesrealestatecompany
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 28 at 2:35PM
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 Washington Fine Properties
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Investment Insights
Based on property information with market context.
This two-level condominium residence at 8101 Connecticut Avenue in Chevy Chase offers a separated living arrangement with updated interiors and multiple outdoor spaces. The main floor includes a living room, dining area, private balcony, and renovated kitchen with updated appliances. Upstairs, the primary suite features a walk-in closet, renovated ensuite bath, and balcony access, while the second bedroom also includes an ensuite bath and access to a balcony. Upper-level laundry adds functional convenience.
The property includes two private balconies, two storage units, and one parking space. Built in 1982, the residence combines a multi-level layout with condominium ownership and dedicated accessory spaces. The address is 8101 Connecticut Avenue, Unit S-610, Chevy Chase, Maryland 20815.
The property includes two private balconies, two storage units, and one parking space. Built in 1982, the residence combines a multi-level layout with condominium ownership and dedicated accessory spaces. The address is 8101 Connecticut Avenue, Unit S-610, Chevy Chase, Maryland 20815.
Key Highlights
- Two‑level condominium residence with 2 bedrooms and 2.5 baths
- Two private balconies, including access from the dining area and both bedrooms
- Renovated kitchen with updated appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,526
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,520
$510.5K
Cap Rate 7%
$364,657
$364.7K
Cap Rate 9%
$283,622
$283.6K
Market Conditions
NOI Build-Up for 1,546 SF
Gross rent
$49.9K $32.28/SF
− Vacancy
−$3.5K −$2.26/SF
EGI
$46.4K $30.02/SF
− OpEx
−$20.9K −$13.51/SF
NOI
$25.5K $16.51/SF
Area
Montgomery County, MD
Vacancy
7.00%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,520
Cap Rate 7%
$364,657
Cap Rate 9%
$283,622
Alternative Uses
Best Use
Apartment 5plus
$364.7K
$319.1K – $425.4K
NOI $25,526 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$543.8K
$475.9K – $634.5K
NOI $38,069 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Explore this area
Business Placement
Demographics for 20815, MD
31,517
Population
14,192
Households
2.2
Avg Household Size
46
Median Age
85%
College-Educated
98%
High-School Grad
5.4 sq mi
ZIP Area
5,836
Density / Sq Mi
$198,243
Median Household Income
$106,711
Median Earnings
$2,408
Median Rent
$1,230,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium residence with private balconies, storage units, and dedicated parking.
Where is this residential income property located?
The property is located at 8101 CONNECTICUT AVENUE Unit S-610 Chevy Chase, MD.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two‑level condominium residence with 2 bedrooms and 2.5 baths; Two private balconies, including access from the dining area and both bedrooms; Renovated kitchen with updated appliances
