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    5301 Connecticut Ave Washington, DC 20015

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    19-Unit Multifamily Investment Opportunity

    Property size:
    14,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 19-unit apartment building, completed in 2021, presents a compelling investment opportunity in the highly desirable Chevy Chase neighborhood of Washington, D.C. Located at 5301 Connecticut Avenue NW, this Class A property boasts 14,000 square feet of gross building area across four floors, with a net rentable area of 10,709 square feet. The building features a mix of studio, one-bedroom, and two-bedroom units, all finished to a high standard. Modern kitchens include quartz countertops, white cabinets, and stainless steel GE appliances. Bathrooms are equally impressive, featuring tile flooring, quartz countertops, large mirrors, and wood cabinets in white and gray finishes. Additional amenities include central heating and air conditioning, large windows, and 9'8" ceiling heights. The building is zoned RA-2 and includes four parking spaces. Constructed with pre-fabricated panels, this property offers exceptional quality and a strong foundation. The long-term average vacancy rate in the area is 4.2%, and the median single-family home price in Chevy Chase exceeds $1.2 million, indicating strong market demand and potential for appreciation. This is a rare opportunity to acquire a stabilized, new construction multifamily asset in a prime location. The property is offered at $7.95 million and represents a core+ investment. This is a turnkey operation with no ground lease.

    Property Features for 5301 Connecticut Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    14,000 SF
    Class
    A

    Building Details

    Year Built
    2021
    Stories
    4
    Units
    19

    HighLights

    • Modern kitchens with quartz countertops, white cabinets, and stainless steel GE appliances.
    • Modern bathrooms with tile flooring, quartz countertops, large mirrors, and white and gray wood cabinets.
    • Central heating and air conditioning.
    • Large windows.
    • 9'8" ceiling height.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.07236133
    Latitude
    38.95921745

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    FAQs

    What type of property is this?
    Multifamily property - 19-Unit Multifamily Investment Opportunity
    Where is this multifamily property located?
    The property is located at 5301 Connecticut Ave Washington, DC.
    What are key features of this property?
    This property features: Modern kitchens with quartz countertops, white cabinets, and stainless steel GE appliances.; Modern bathrooms with tile flooring, quartz countertops, large mirrors, and white and gray wood cabinets.; Central heating and air conditioning.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5301 Connecticut Ave Washington, DC 20015
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