Renovated Top-Floor Residential
For Sale
$475,000
8101 CONNECTICUT AVENUE Unit S-405, Chevy Chase, MD 20815
Corner residence with updated interiors, private balcony, and single-level living across connected entertaining spaces.
Property Size1,436 SF
Price / SF$330.78
Days on Market83
Property Features for 8101 CONNECTICUT AVENUE Unit S-405
General Information
Standard status
Active
Size
1,436 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,696
Amenities
balcony
gourmet kitchen
stainless steel appliances
double vanity
walk-in closets
storage closet
laundry closet
Building Details
Building Size
1,436 SF
Year Built
1982
Listing Agency:
Compass
Listed By:
Ellen Grant · License #663097
(240) 425-7086
Source:
Kerishull
Added: Aug 7
Changed: Oct 25
Last Checked: Oct 26 at 9:48PM
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 1,820-square-foot top-floor corner residence, built in 1982 and fully renovated, combines a connected living arrangement with practical single-level functionality. The interior includes a study, living room, dining area, second bedroom, full hall bath, and a primary suite with two walk-in closets. Nine-foot ceilings and expansive windows bring abundant daylight into the main rooms, while a private balcony extends the living area toward leafy views.
The renovated kitchen features stainless steel appliances and custom finishes. The primary bathroom includes a double vanity, and additional storage is provided by a linen closet and a walk-in hallway closet. A full-size laundry closet completes the residence.
The renovated kitchen features stainless steel appliances and custom finishes. The primary bathroom includes a double vanity, and additional storage is provided by a linen closet and a walk-in hallway closet. A full-size laundry closet completes the residence.
Key Highlights
- 1,820‑square‑foot fully renovated top‑floor corner residence
- Private balcony with leafy views and expansive windows
- Nine‑foot ceilings throughout the main living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,710
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,200
$474.2K
Cap Rate 7%
$338,714
$338.7K
Cap Rate 9%
$263,444
$263.4K
Market Conditions
NOI Build-Up for 1,436 SF
Gross rent
$46.4K $32.28/SF
− Vacancy
−$3.2K −$2.26/SF
EGI
$43.1K $30.02/SF
− OpEx
−$19.4K −$13.51/SF
NOI
$23.7K $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%
$474,200
Cap Rate 7%
$338,714
Cap Rate 9%
$263,444
Alternative Uses
Best Use
Apartment 5plus
$338.7K
$296.4K – $395.2K
NOI $23,710 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$505.2K
$442.0K – $589.4K
NOI $35,361 @ 7.0% cap · market cap 7.44%
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 - Corner residence with updated interiors, private balcony, and single-level living across connected entertaining spaces.
Where is this residential income property located?
The property is located at 8101 CONNECTICUT AVENUE Unit S-405 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: 1,820‑square‑foot fully renovated top‑floor corner residence; Private balcony with leafy views and expansive windows; Nine‑foot ceilings throughout the main living areas
