Residential Income Property with
For Sale
$249,900
4515 WILLARD AVENUE Unit 616S, Chevy Chase, MD 20815
An updated residence features an equipped kitchen, refreshed bathroom, and access to extensive building amenities.
Property Size869 SF
Price / SF$287.57
Days on Market65
Property Features for 4515 WILLARD AVENUE Unit 616S
General Information
Standard status
Active
Size
869 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,309
Amenities
rooftop pool
sundeck
fitness center
restaurant
library/reading room
convenience store
24-hour desk attendants
complimentary shuttle service
laundry rooms
Building Details
Building Size
869 SF
Year Built
1968
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 25
Changed: Oct 27
Last Checked: Oct 26 at 3:17PM
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 869-square-foot residence at The Willoughby includes eastern-facing windows, parquet flooring, and a kitchen with stainless steel appliances, cabinetry, and pantry storage. The bathroom has a glass-enclosed shower, updated vanity, and dual-flush toilet. A parking space is located on G-3 in the South Garage, with access to the South Lobby. The building dates to 1968.
Building amenities include a rooftop pool, year-round sundeck, fitness center, restaurant, library and reading room with Wi-Fi, convenience store, 24-hour desk attendants, complimentary shuttle service, and two laundry rooms on each floor. Whole Foods, Friendship Heights Metro, shopping, and dining are nearby.
Building amenities include a rooftop pool, year-round sundeck, fitness center, restaurant, library and reading room with Wi-Fi, convenience store, 24-hour desk attendants, complimentary shuttle service, and two laundry rooms on each floor. Whole Foods, Friendship Heights Metro, shopping, and dining are nearby.
Key Highlights
- 869‑square‑foot residence at The Willoughby
- Parking space #305P on G‑3, with access to the South Lobby
- Eastern‑facing windows and parquet flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,348
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,960
$287.0K
Cap Rate 7%
$204,971
$205.0K
Cap Rate 9%
$159,422
$159.4K
Market Conditions
NOI Build-Up for 869 SF
Gross rent
$28.1K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$26.1K $30.02/SF
− OpEx
−$11.7K −$13.51/SF
NOI
$14.3K $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%
$286,960
Cap Rate 7%
$204,971
Cap Rate 9%
$159,422
Alternative Uses
Best Use
Apartment 5plus
$205.0K
$179.4K – $239.1K
NOI $14,348 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$305.7K
$267.5K – $356.7K
NOI $21,399 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,155
Businesses Nearby
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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 - An updated residence features an equipped kitchen, refreshed bathroom, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 4515 WILLARD AVENUE Unit 616S Chevy Chase, MD.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 869‑square‑foot residence at The Willoughby; Parking space #305P on G‑3, with access to the South Lobby; Eastern‑facing windows and parquet flooring
