Residential Income Property with Garage
For Sale
$289,000
4515 WILLARD AVENUE Unit 2415S, Chevy Chase, MD 20815
The one-bedroom home includes a separate powder room, assigned garage parking, and access to extensive building amenities.
Property Size892 SF
Price / SF$323.99
Days on Market27
Property Features for 4515 WILLARD AVENUE Unit 2415S
General Information
Standard status
Active
Size
892 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$3,180
Amenities
rooftop swimming pool and sundeck
fitness center
24-hour front desk/concierge and security
controlled building access
laundry facilities
library
party/meeting room
bike storage
on-site convenience store
Building Details
Building Size
892 SF
Year Built
1968
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 2
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 892-square-foot condominium at The Willoughby of Chevy Chase has one bedroom, one full bathroom, and a separate powder room. The living and dining areas share an open layout, while the bedroom has a private bath and ample closet space. Large windows bring natural light into the upper-floor home. An assigned garage space is included. The building, completed in 1968, provides a rooftop pool and sundeck, fitness center, concierge and security services, library, meeting room, laundry facilities, bike storage, and an on-site convenience store. Electricity, gas, heat, air conditioning, water, and sewer are covered by the condo fee.
The property is in Chevy Chase near Friendship Heights Metro on the Red Line, grocery stores, restaurants, shops, and coffee shops. The Capital Crescent Trail is less than 2 miles away, and downtown Bethesda and Washington, D.C. are nearby. The home is within the Somerset Elementary, Westland Middle School, and Bethesda-Chevy Chase High School district.
The property is in Chevy Chase near Friendship Heights Metro on the Red Line, grocery stores, restaurants, shops, and coffee shops. The Capital Crescent Trail is less than 2 miles away, and downtown Bethesda and Washington, D.C. are nearby. The home is within the Somerset Elementary, Westland Middle School, and Bethesda-Chevy Chase High School district.
Key Highlights
- 892‑square‑foot, one‑bedroom condominium with 1.5 bathrooms
- Assigned garage parking space 167 with private garage door access
- Condo fee includes electricity, gas, heat, air conditioning, water, and sewer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,728
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,560
$294.6K
Cap Rate 7%
$210,400
$210.4K
Cap Rate 9%
$163,644
$163.6K
Market Conditions
NOI Build-Up for 892 SF
Gross rent
$28.8K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$26.8K $30.02/SF
− OpEx
−$12.1K −$13.51/SF
NOI
$14.7K $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%
$294,560
Cap Rate 7%
$210,400
Cap Rate 9%
$163,644
Alternative Uses
Best Use
Apartment 5plus
$210.4K
$184.1K – $245.5K
NOI $14,728 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$313.8K
$274.6K – $366.1K
NOI $21,965 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,155
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom home includes a separate powder room, assigned garage parking, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 4515 WILLARD AVENUE Unit 2415S Chevy Chase, MD.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 892‑square‑foot, one‑bedroom condominium with 1.5 bathrooms; Assigned garage parking space 167 with private garage door access; Condo fee includes electricity, gas, heat, air conditioning, water, and sewer
