Top-Floor Condominium with
For Sale
$725,000
8101 CONNECTICUT AVENUE Unit S-709, Chevy Chase, MD 20815
Renovated kitchen and baths complement a flexible layout with a den that can serve as a third bedroom.
Property Size1,618 SF
Price / SF$448.08
Days on Market13
Property Features for 8101 CONNECTICUT AVENUE Unit S-709
General Information
Standard status
Active
Size
1,618 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,171
Amenities
fireplace
custom built-in shelving
balcony
hardwood & ceramic tiled floors
recessed & track lighting
stainless steel kitchen appliances & granite countertops
2023 electric heat pump HVAC system
new 2024 Pella windows
in-unit washer/dryer
24-hour front desk
pet-friendly
on-site management
landscaped gardens
Building Details
Building Size
1,618 SF
Year Built
1982
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
James M Coley · License #99254
(202) 669-1331
Source:
Kerishull
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 26 at 11:54PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,618-square-foot, top-floor condominium has two bedrooms, a den or family room, and a balcony. The den can function as a third bedroom. The renovated kitchen features granite countertops and stainless steel appliances; both the primary and hall bathrooms have been renovated. Hardwood and ceramic tile floors, a fireplace, built-in shelving, and a laundry closet with a stackable washer and dryer add to the interior. A 2023 electric heat pump HVAC system and new 2024 Pella windows are also included. The sale conveys two garage parking spaces and two storage units.
The building offers a 24-hour front desk, on-site management, and landscaped gardens. Chevy Chase Lake Town Square is steps away.
The building offers a 24-hour front desk, on-site management, and landscaped gardens. Chevy Chase Lake Town Square is steps away.
Key Highlights
- 1,618 square feet with two bedrooms and a den/family room that can be used as a third bedroom
- Top‑floor corner unit with balcony and fireplace
- Renovated kitchen, primary bath, and hall bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,715
Cap Rate
3.68%
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 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$569.2K
$498.0K – $664.0K
NOI $39,842 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 - Renovated kitchen and baths complement a flexible layout with a den that can serve as a third bedroom.
Where is this residential income property located?
The property is located at 8101 CONNECTICUT AVENUE Unit S-709 Chevy Chase, MD.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 1,618 square feet with two bedrooms and a den/family room that can be used as a third bedroom; Top‑floor corner unit with balcony and fireplace; Renovated kitchen, primary bath, and hall bath
