Residential Income Property with Rooftop
For Sale
$180,000
4242 E WEST HIGHWAY Unit 506, Chevy Chase, MD 20815
A one-bedroom residence features an updated kitchen and access to shared fitness and rooftop amenities.
Property Size621 SF
Price / SF$289.86
Days on Market28
Property Features for 4242 E WEST HIGHWAY Unit 506
General Information
Standard status
Active
Size
621 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,868
Amenities
fitness center
rooftop patio
lobby
common laundry
Building Details
Building Size
621 SF
Year Built
1966
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 1
Changed: Oct 27
Last Checked: Oct 26 at 3:48PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 621-square-foot condominium at Riviera of Chevy Chase has one bedroom and one full bathroom. Its open living and dining areas feature parquet flooring and oversized windows. The kitchen has stainless steel appliances, updated countertops, and wood cabinetry; the bedroom includes built-in shelving and closet space. The building was constructed in 1966, and utilities are included.
Residents have access to an on-site fitness center, rooftop patio, lobby, and common laundry. The property is in Chevy Chase, near Bethesda Row, Wisconsin Avenue, Connecticut Avenue, and the Bethesda Metro Station. Rock Creek Park, NIH, and Walter Reed National Military Medical Center are also among the nearby destinations.
Residents have access to an on-site fitness center, rooftop patio, lobby, and common laundry. The property is in Chevy Chase, near Bethesda Row, Wisconsin Avenue, Connecticut Avenue, and the Bethesda Metro Station. Rock Creek Park, NIH, and Walter Reed National Military Medical Center are also among the nearby destinations.
Key Highlights
- 621‑square‑foot condominium with one bedroom and one full bathroom
- Constructed in 1966
- Utilities included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,253
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,060
$205.1K
Cap Rate 7%
$146,471
$146.5K
Cap Rate 9%
$113,922
$113.9K
Market Conditions
NOI Build-Up for 621 SF
Gross rent
$20.0K $32.28/SF
− Vacancy
−$1.4K −$2.26/SF
EGI
$18.6K $30.02/SF
− OpEx
−$8.4K −$13.51/SF
NOI
$10.3K $16.51/SF
Area
Montgomery County, MD
Vacancy
7.00%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,060
Cap Rate 7%
$146,471
Cap Rate 9%
$113,922
Alternative Uses
Best Use
Apartment 5plus
$146.5K
$128.2K – $170.9K
NOI $10,253 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$218.5K
$191.2K – $254.9K
NOI $15,292 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,321
Businesses Nearby
Explore this area
Business Placement
Demographics for 20815, MD
31,517
Population
14,192
Households
2.2
Avg Household Size
46
Median Age
85%
College-Educated
98%
High-School Grad
5.4 sq mi
ZIP Area
5,836
Density / Sq Mi
$198,243
Median Household Income
$106,711
Median Earnings
$2,408
Median Rent
$1,230,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom residence features an updated kitchen and access to shared fitness and rooftop amenities.
Where is this residential income property located?
The property is located at 4242 E WEST HIGHWAY Unit 506 Chevy Chase, MD.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 621‑square‑foot condominium with one bedroom and one full bathroom; Constructed in 1966; Utilities included
