Two-Bedroom Residential Income
For Sale
$299,000
4515 WILLARD AVENUE Unit 606S, Chevy Chase, MD 20815
Renovated condominium with a separately deeded garage space and building amenities, including a rooftop pool and fitness center.
Property Size883 SF
Price / SF$338.62
Days on Market28
Property Features for 4515 WILLARD AVENUE Unit 606S
General Information
Standard status
Active
Size
883 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,309
Amenities
shared laundry
rooftop pool and sun deck
fitness center
24-hour concierge
secure building access
on-site mini market
Building Details
Building Size
883 SF
Year Built
1968
Listing Agency:
Samson Properties
Listed By:
Viktar Kutsevich · License #669621
(202) 421-3439
Source:
Jackrealtygroup
Added: Oct 1
Changed: Oct 26
Last Checked: Oct 26 at 3:22PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 883-square-foot condominium has two bedrooms and was built in 1968. Renovations include an updated kitchen, contemporary flooring, and a walk-in shower. The living area has sliding glass windows, and a bedroom includes a walk-in closet. A separately deeded oversized garage parking space is included near the unit and elevator.
Building amenities include a rooftop pool and sun deck, fitness center, 24-hour concierge, secure access, shared laundry on every floor, and an on-site mini market. Condo fees cover all utilities except cable and internet. Whole Foods, dining and shopping, and the Friendship Heights Metro on the Red Line are nearby.
Building amenities include a rooftop pool and sun deck, fitness center, 24-hour concierge, secure access, shared laundry on every floor, and an on-site mini market. Condo fees cover all utilities except cable and internet. Whole Foods, dining and shopping, and the Friendship Heights Metro on the Red Line are nearby.
Key Highlights
- 883‑square‑foot, two‑bedroom condominium
- Separately deeded oversized garage parking space, identified as 501P
- Renovations include an updated kitchen, contemporary flooring, and a walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,579
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,580
$291.6K
Cap Rate 7%
$208,271
$208.3K
Cap Rate 9%
$161,989
$162.0K
Market Conditions
NOI Build-Up for 883 SF
Gross rent
$28.5K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$26.5K $30.02/SF
− OpEx
−$11.9K −$13.51/SF
NOI
$14.6K $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%
$291,580
Cap Rate 7%
$208,271
Cap Rate 9%
$161,989
Alternative Uses
Best Use
Apartment 5plus
$208.3K
$182.2K – $243.0K
NOI $14,579 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$310.6K
$271.8K – $362.4K
NOI $21,743 @ 7.0% cap · market cap 7.27%
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 - Renovated condominium with a separately deeded garage space and building amenities, including a rooftop pool and fitness center.
Where is this residential income property located?
The property is located at 4515 WILLARD AVENUE Unit 606S Chevy Chase, MD.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 883‑square‑foot, two‑bedroom condominium; Separately deeded oversized garage parking space, identified as 501P; Renovations include an updated kitchen, contemporary flooring, and a walk‑in shower
