Residential Income Property with
For Sale
$350,000
4515 WILLARD AVENUE Unit 2007S, Chevy Chase, MD 20815
The one-bedroom residence has southern exposure, hardwood floors, and an updated kitchen and bathroom.
Property Size878 SF
Price / SF$398.63
Days on Market80
Property Features for 4515 WILLARD AVENUE Unit 2007S
General Information
Standard status
Active
Size
878 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,309
Amenities
rooftop pool
fitness center
convenience store
restaurant
24-hour desk attendants
complimentary online shuttle service
private balcony
Building Details
Building Size
878 SF
Year Built
1968
Listing Agency:
Compass
Listed By:
Margaret M. Babbington · License #SP98368959
(240) 460-4007
Source:
Exqrealestate
Added: Aug 10
Changed: Oct 27
Last Checked: Oct 26 at 3:27PM
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 Compass
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Investment Insights
Based on property information with market context.
Located in The Willoughby, this 878-square-foot, one-bedroom residence sits on a high floor and includes a private balcony with southern exposure. Interior features include hardwood flooring, a custom kitchen, and a renovated bathroom.
Building amenities include a rooftop pool, fitness center, convenience store, restaurant, and 24-hour desk attendants. An online shuttle service makes stops near Whole Foods, Friendship Heights Metro Station, and the surrounding shopping center.
Building amenities include a rooftop pool, fitness center, convenience store, restaurant, and 24-hour desk attendants. An online shuttle service makes stops near Whole Foods, Friendship Heights Metro Station, and the surrounding shopping center.
Key Highlights
- 878‑square‑foot residence with one bedroom
- Private balcony with southern exposure
- High‑floor position in The Willoughby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,497
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,940
$289.9K
Cap Rate 7%
$207,100
$207.1K
Cap Rate 9%
$161,078
$161.1K
Market Conditions
NOI Build-Up for 878 SF
Gross rent
$28.3K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$26.4K $30.02/SF
− OpEx
−$11.9K −$13.51/SF
NOI
$14.5K $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%
$289,940
Cap Rate 7%
$207,100
Cap Rate 9%
$161,078
Alternative Uses
Best Use
Apartment 5plus
$207.1K
$181.2K – $241.6K
NOI $14,497 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$308.9K
$270.3K – $360.3K
NOI $21,620 @ 7.0% cap · market cap 6.18%
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 - The one-bedroom residence has southern exposure, hardwood floors, and an updated kitchen and bathroom.
Where is this residential income property located?
The property is located at 4515 WILLARD AVENUE Unit 2007S Chevy Chase, MD.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 878‑square‑foot residence with one bedroom; Private balcony with southern exposure; High‑floor position in The Willoughby
