Renovated Residential Income
For Sale
$699,000
8101 CONNECTICUT AVENUE Unit N109, Chevy Chase, MD 20815
Three-bedroom residence with updated interiors, private terrace access, dedicated parking, and storage on the same level.
Property Size1,618 SF
Days on Market401
Property Features for 8101 CONNECTICUT AVENUE Unit N109
General Information
Standard status
Active
Size
1,618 SF
Total Parking Spaces
3
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,362
Amenities
terrace
24-hour front desk
pet friendly
guest parking
Building Details
Building Size
1,618 SF
Year Built
1982
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Lauren E Davis · License #580159
(202) 549-8784
Source:
Barnesrealestatecompany
Added: Sep 10, 2025
Changed: Oct 5
Last Checked: Oct 15 at 7:11AM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This residential income property is a renovated three-bedroom, two-bath residence built in 1982. The home has an open layout with living and dining areas, terrace access, and a remodeled kitchen featuring an island, stone countertops, lacquered cabinetry, and Bosch and Sub-Zero appliances. Updated flooring, lighting, and bathrooms further define the interior. The primary bedroom includes an en-suite bath.
The property conveys three parking spaces and two storage spaces, all positioned on the same level as the residence. Building services include a 24-hour front desk, guest parking, pet-friendly policies, and access to outdoor space and walking routes. The property is near the shops and restaurants of Chevy Chase Lake, the Purple Line, and Crescent Trail.
The property conveys three parking spaces and two storage spaces, all positioned on the same level as the residence. Building services include a 24-hour front desk, guest parking, pet-friendly policies, and access to outdoor space and walking routes. The property is near the shops and restaurants of Chevy Chase Lake, the Purple Line, and Crescent Trail.
Key Highlights
- Three‑bedroom, two‑bath residence with renovated interiors
- Updated kitchen with island, stone countertops, lacquered cabinetry, and Bosch and Sub‑Zero appliances
- Three parking spaces and two storage spaces convey with the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,715
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,300
$534.3K
Cap Rate 7%
$381,643
$381.6K
Cap Rate 9%
$296,833
$296.8K
Market Conditions
NOI Build-Up for 1,618 SF
Gross rent
$52.2K $32.28/SF
− Vacancy
−$3.7K −$2.26/SF
EGI
$48.6K $30.02/SF
− OpEx
−$21.9K −$13.51/SF
NOI
$26.7K $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%
$534,300
Cap Rate 7%
$381,643
Cap Rate 9%
$296,833
Alternative Uses
Best Use
Apartment 5plus
$381.6K
$333.9K – $445.3K
NOI $26,715 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$569.2K
$498.0K – $664.0K
NOI $39,842 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom residence with updated interiors, private terrace access, dedicated parking, and storage on the same level.
Where is this residential income property located?
The property is located at 8101 CONNECTICUT AVENUE Unit N109 Chevy Chase, MD.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bath residence with renovated interiors; Updated kitchen with island, stone countertops, lacquered cabinetry, and Bosch and Sub‑Zero appliances; Three parking spaces and two storage spaces convey with the property
