Residential Income Property with
For Sale
$475,000
8101 CONNECTICUT AVENUE Unit C-708, Chevy Chase, MD 20815
The residence includes a den, two full bathrooms, and a west-facing outlook.
Property Size1,380 SF
Price / SF$344.20
Days on Market199
Property Features for 8101 CONNECTICUT AVENUE Unit C-708
General Information
Standard status
Active
Size
1,380 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR+den/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,466
Building Details
Building Size
1,380 SF
Year Built
1982
Listing Agency:
Washington Fine Properties
Listed By:
Alyssa A Crilley · License #594463
(301) 325-0079
Source:
Horsefarmsandcountryhomes
Added: Apr 15
Changed: Oct 29
Last Checked: Oct 29 at 2:34PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property is a one-bedroom residence with a den that can serve as a second bedroom, two full bathrooms, and a private balcony. The living and dining area connects with the kitchen, while the primary suite has an ensuite bathroom and closet space. The building dates to 1982.
The property is in Chevy Chase, with shopping and dining options in Chevy Chase and Bethesda. Rock Creek Park trails are also nearby.
The property is in Chevy Chase, with shopping and dining options in Chevy Chase and Bethesda. Rock Creek Park trails are also nearby.
Key Highlights
- Private balcony with a west‑facing orientation
- One bedroom plus a den/second‑bedroom space
- Two full bathrooms, including an ensuite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,785
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,700
$455.7K
Cap Rate 7%
$325,500
$325.5K
Cap Rate 9%
$253,167
$253.2K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$44.5K $32.28/SF
− Vacancy
−$3.1K −$2.26/SF
EGI
$41.4K $30.02/SF
− OpEx
−$18.6K −$13.51/SF
NOI
$22.8K $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%
$455,700
Cap Rate 7%
$325,500
Cap Rate 9%
$253,167
Alternative Uses
Best Use
Apartment 5plus
$325.5K
$284.8K – $379.8K
NOI $22,785 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$485.5K
$424.8K – $566.4K
NOI $33,982 @ 7.0% cap · market cap 7.15%
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 - The residence includes a den, two full bathrooms, and a west-facing outlook.
Where is this residential income property located?
The property is located at 8101 CONNECTICUT AVENUE Unit C-708 Chevy Chase, MD.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Private balcony with a west‑facing orientation; One bedroom plus a den/second‑bedroom space; Two full bathrooms, including an ensuite
