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Newly Constructed Apartment Building
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4725 Cheltenham Dr, Bethesda, MD 20814

110-unit community with predominantly one-bedroom apartments near Bethesda Metro Station and downtown employment, transit, and retail amenities.

Property Size76,440 SF
Days on Market23

Property Features for 4725 Cheltenham Dr

General Information

Standard status Active
Size 76,440 SF
Property subtype Multifamily

Additional Details

Public Transit Yes
Multifamily Units 110

Amenities

Fully completed building delivered with Certificate of Occupancy
Only active multifamily development in core Bethesda
Workforce housing in a critically undersupplied submarket
Brand-new construction at an affordable rent profile
Premier Bethesda submarket
Favorable policy environment for workforce housing
7-minute walk to Bethesda Metro station
Proximity to major employment anchors

Building Details

Units 110
Listing Agency: Marcus & Millichap - Washington, D.C.
Listed By: Marty Zupancic · License #License(s): MD: 631902, VA: 0225 187032, DC: SP98368225
Source: Marcusmillichap
Added: Aug 14 Changed: Sep 3 Last Checked: Sep 4 at 2:35AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Washington, D.C.

Investment Insights

Based on property information with market context.

Dax is a 110-unit apartment building at 4725 Cheltenham Drive in Bethesda, Maryland. The newly constructed community contains 93 market-rate apartments and 17 Moderately Priced Dwelling Units, with a unit mix weighted toward one-bedroom residences. The property provides approximately 76,640 square feet of gross building area and was built in 2026.

The community is positioned in downtown Bethesda, a seven-minute walk from Bethesda Metro Station. The property is scheduled for vacant delivery in December 2026 with a Certificate of Occupancy. CR3.0 zoning applies to the site.

Key Highlights

  • 110‑unit apartment community with 93 market‑rate units and 17 Moderately Priced Dwelling Units
  • Approximately 76,640 square feet of gross building area
  • Predominantly one‑bedroom unit mix

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Garden Center Storage Facility Plumbing Service (Bike/Boat/Book/etc) Store Butcher Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

110
Residential units

Location Intelligence

Trade Area within ½ mile

6,745
Businesses Nearby

Demographics for 20814, MD

31,919
Population
15,388
Households
2.1
Avg Household Size
41
Median Age
84%
College-Educated
98%
High-School Grad
4.5 sq mi
ZIP Area
7,093
Density / Sq Mi
$150,401
Median Household Income
$90,050
Median Earnings
$2,329
Median Rent
$976,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 110-unit community with predominantly one-bedroom apartments near Bethesda Metro Station and downtown employment, transit, and retail amenities.
Where is this apartment building located?
The property is located at 4725 Cheltenham Dr Bethesda, MD.
What are key features of this property?
This property features: 110‑unit apartment community with 93 market‑rate units and 17 Moderately Priced Dwelling Units; Approximately 76,640 square feet of gross building area; Predominantly one‑bedroom unit mix
More about this property
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