700-A CHANEY Drive Takoma Park, MD 20912
MULTI_FAMILY - Other - TAKOMA PARK, MD
Property size:
3,500 SFLot size:
0.18 AcresPrice / SF:
$156/SF- Added:
- Mar 20, 2026
- Days on Market:
- 49
- Last Refresh:
- May 7 at 3:06 pm
Property Features for 700-A CHANEY Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Standard status
- Active
- Size
- 3,500 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8509
Utilities
- Heating system
- Other (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1937
- Number of units
- 4
- Architectural style
- Other
Listing agent Scott Sachs License #601998 (301) 908-4373
Listing office Compass 5471 WISCONSIN Avenue unit: 300, WASHINGTON, MD (301) 298-1001
Listing date Mar 20, 2026
MLS# MDMC2223176
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Directly backs to Sligo Creek Park, providing residents with immediate access to scenic trails and green space.
- Located in the heart of Takoma Park, close to shops, restaurants, and community offerings.
- Features a mix of four one‑bedroom and one two‑bedroom apartments, all currently occupied by professional tenants, ensuring a steady income stream.
- Presents a value‑add opportunity through strategic rent adjustments and expense management.
- Offers ample parking and additional storage for tenant convenience.
- Built in 1937, the building exudes classic charm while offering practical functionality.
Overview
Takoma Park Multifamily Investment Opportunity
Located on a quiet, tree-lined street in Takoma Park, this five-unit apartment building presents an investment opportunity. The property features a mix of four one-bedroom apartments and one two-bedroom apartment, all occupied by professional tenants, providing a steady income stream. The building offers functionality, with parking and additional storage. The property backs directly to Sligo Creek Park, offering residents access to trails and green space. The property is a short distance from downtown Takoma Park's shops and restaurants. Strategic rent adjustments and expense management offer the potential to enhance cash flow and improve the overall return profile. The lot size is 0.1757 acres. The property size is 3500 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Takoma Park
- County
- Montgomery
- State
- Maryland
- Longitude
- -76.9986714
- Latitude
- 38.9827578
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit apartment building in Takoma Park with value-add potential.
Where is this apartment building located?
The property is located at 700-A CHANEY Drive Takoma Park, MD.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Directly backs to Sligo Creek Park, providing residents with immediate access to scenic trails and green space.; Located in the heart of Takoma Park, close to shops, restaurants, and community offerings.; Features a mix of four one‑bedroom and one two‑bedroom apartments, all currently occupied by professional tenants, ensuring a steady income stream.
