Corner Condominium
For Sale
$599,000
8101 CONNECTICUT AVENUE Unit C400, Chevy Chase, MD 20815
The single-level home includes three bedrooms, two full bathrooms, and a west-facing balcony.
Property Size1,642 SF
Days on Market13
Property Features for 8101 CONNECTICUT AVENUE Unit C400
General Information
Standard status
Active
Size
1,642 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,574
Amenities
24-hour doorman
concierge
secure lobby entry
visitor parking
private storage units
private balcony
Building Details
Building Size
1,642 SF
Year Built
1982
Listing Agency:
Compass
Listed By:
Anda Plavnieks · License #5020581
(410) 802-4922
Source:
Barnesrealestatecompany
Added: Oct 16
Changed: Oct 26
Last Checked: Oct 27 at 12:17AM
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 Compass
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Investment Insights
Based on property information with market context.
This corner condominium at 8101 Connecticut Avenue, Unit C400, offers single-level living with three bedrooms and two full bathrooms. Oversized windows bring natural light into the living and dining areas, while a west-facing balcony extends the living space. The kitchen has wood cabinetry, generous counter space, a breakfast bar, and white appliances. The primary suite includes two built-in closets and an adjoining bathroom. The building dates to 1982 and provides doorman and concierge service, secure lobby entry, two assigned underground garage spaces with elevator access, and two private storage units.
Chevy Chase Lake Town Center, the Capital Crescent Trail, and Rock Creek Park are nearby. The condominium fee covers water, sewer, trash removal, exterior upkeep, snow removal, and on-site management.
Chevy Chase Lake Town Center, the Capital Crescent Trail, and Rock Creek Park are nearby. The condominium fee covers water, sewer, trash removal, exterior upkeep, snow removal, and on-site management.
Key Highlights
- Three bedrooms and two full bathrooms in a single‑level corner residence
- West‑facing private balcony and oversized windows
- Two assigned underground garage spaces with direct elevator access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,111
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,220
$542.2K
Cap Rate 7%
$387,300
$387.3K
Cap Rate 9%
$301,233
$301.2K
Market Conditions
NOI Build-Up for 1,642 SF
Gross rent
$53.0K $32.28/SF
− Vacancy
−$3.7K −$2.26/SF
EGI
$49.3K $30.02/SF
− OpEx
−$22.2K −$13.51/SF
NOI
$27.1K $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%
$542,220
Cap Rate 7%
$387,300
Cap Rate 9%
$301,233
Alternative Uses
Best Use
Apartment 5plus
$387.3K
$338.9K – $451.9K
NOI $27,111 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$577.6K
$505.4K – $673.9K
NOI $40,433 @ 7.0% cap · market cap 6.75%
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
680
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The single-level home includes three bedrooms, two full bathrooms, and a west-facing balcony.
Where is this residential income property located?
The property is located at 8101 CONNECTICUT AVENUE Unit C400 Chevy Chase, MD.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms in a single‑level corner residence; West‑facing private balcony and oversized windows; Two assigned underground garage spaces with direct elevator access
