Elme Bethesda
5114 Dudley Ln, Bethesda, MD, 20814-5458, US
193 units
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire 3801 Connecticut Avenue (“the Property”), a 307-unit apartment community situated along Connecticut Avenue in Van Ness, one of Northwest DC’s premier residential locations. Built in 1951, the Property offers a strategic value-add opportunity by completing the proven in-unit renovations and common area upgrades. The investment opportunity is highlighted by the continued strong property performance evidenced by 95% occupancy, minimal A/R balances, and future upside potential.
...
Attributes
Year built
1951
Number of units
307
Occupancy
95%
Media
Investment Highlights
PREMIER VALUE-ADD OPPORTUNITY IN A COMPELLING WASHINGTON, DC SUBMARKET
Strong In-Place Cash Flow with Ability to Renovate 9% of the Unit Mix and Upgrade Common Area Amenities
LIMITED ACQUISITION OPPORTUNITY IN NORTHWEST DC
Ability to Acquire a High-Performing Asset in a Renowned DC Location
MINIMAL FUTURE SUPPLY AND HIGH-BARRIER-TO-ENTRY SUBMARKET
Compelling Fundamentals with Strong Rent Growth Potential Given Lack of Future Development Pipeline
RENOWNED CONNECTICUT AVE LOCATION WITH CONVENIENT ACCESSIBILITY
Epicenter of DC’s Most Prestigious Neighborhoods and Walkable to Cleveland Park and Van Ness-UDC Metro (Red Line)
STRONG EMPLOYMENT AND RETAIL-CENTRIC LOCATION
8.8MM SF of Office and 5.4MM SF of Retail within a 2-mile Radius of the Property
EXCEPTIONAL RENTER DEMOGRAPHICS
$232K Average Household Income, $1.25MM Average Home Value, and 2.7% Unemployment Rate
Contact brokers
3801 Connecticut Avenue (0 Properties)
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
15 Sep 2025
