5301 Connecticut Ave Washington, DC 20015
- Commercial real estate
- 14,000 SF
Current Use by Public Records
- Commercial real estate
Property Details for 5301 Connecticut Ave
- Year built
- 2021
- Property size
- 14,000 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -77.07236133
- Latitude
- 38.95921745
