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This Build-to-Rent Property is no longer advertised on LoopNet.co.uk.

5401 Connecticut Ave NW
Washington, DC 20015
 The Flats at Chevy Chase · Build-to-Rent Property For Sale · 21 Units

INVESTMENT HIGHLIGHTS

  • Rent Control Exemption: All 21 units are RAD-exempt, allowing full market-rate rent resets—rare flexibility in DC's regulated rental market.
  • Premier Location: Sits in affluent Chevy Chase, DC with a $235k median income and Walk Score of 87; steps to Metro, parks, and street retail.
  • Rare Off-Street Parking: 15 parking spaces generated $13k+ last year in a commuter's dream location where parking is a premium amenity.
  • Cash-Flowing Condo Asset: 21 fully deeded units with strong in-place rents averaging $2,253/month and meaningful upside to ~$2,967/month.
  • Strong Rent Growth: Current rents average $2,253/month vs. pro forma market rents of $2,967/month, offering clear rent lift opportunity.
  • Luxury Interiors: Units feature central HVAC, parquet floors, balconies, dishwashers and 150–200 amp electrical—ideal for luxury repositioning.

PROPERTY FACTS

No. Units 21 Property Size 21,320 sq ft
Property Type Build-to-Rent Average Occupancy 95%
Property Subtype
Apartment
  • Build-to-Rent Apartments
 No. Floors 4
Costar Property Class C Year Built 1975
Total Plot Size 0.15 ac
Use Class RA-4 - Zoned RA-4 with Medium Density Future Land Use Map (FLUM) designation—ideal for covered land strategy or future upzoning potential.
No. Units 21
Property Type Build-to-Rent
Property Subtype
Apartment
  • Build-to-Rent Apartments
Costar Property Class C
Total Plot Size 0.15 ac
Property Size 21,320 sq ft
Average Occupancy 95%
No. Floors 4
Year Built 1975
Use Class RA-4 - Zoned RA-4 with Medium Density Future Land Use Map (FLUM) designation—ideal for covered land strategy or future upzoning potential.

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Fireplace
  • Microwave
  • Washer/Dryer
  • Heating
  • Kitchen
  • Wooden Floors
  • Range
  • Tub/Shower
  • Family Room
  • Freezer
  • Linen Cupboard
  • Patio
  • Window Coverings
  • Large Bedrooms

SITE AMENITIES

  • Private Bathroom

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT PCM sq ft
1+1 14 £2,148 761
2+1.5 7 £3,535 1,523

LINKS

 

  • Listing ID: 35570941

  • Date on Market: 21/04/2025

  • Last Updated:

  • Address: 5401 Connecticut Ave NW, Washington, DC 20015

The Chevy Chase DC Build-to-Rent Property at 5401 Connecticut Ave NW, Washington, DC 20015 is no longer being advertised on LoopNet.co.uk. Contact the agent for information on availability.

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