Updated Residential
For Sale
$299,900
4515 WILLARD AVENUE Unit 615S, Chevy Chase, MD 20815
Granite countertops, stainless-steel appliances, and refreshed bathrooms define the unit’s interior finishes.
Property Size892 SF
Price / SF$336.21
Days on Market16
Property Features for 4515 WILLARD AVENUE Unit 615S
General Information
Standard status
Active
Size
892 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,020
Amenities
laundry
roof top pool
library
security desk
high-speed internet/cable
Building Details
Building Size
892 SF
Year Built
1968
Listing Agency:
Samson Properties
Listed By:
Warren R Duplinsky · License #633508
(301) 807-0290
Source:
Exqrealestate
Added: Oct 13
Changed: Oct 27
Last Checked: Oct 26 at 3:12PM
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 residential unit has an open layout with luxury vinyl plank flooring, fresh paint, contemporary light fixtures, granite countertops, and stainless-steel appliances. The bathrooms have been updated with glass enclosures. Two garage spaces are included, and residents have access to an elevator, laundry facilities, a rooftop pool, a library, and a security desk. High-speed internet and cable are bundled.
The property is located blocks from the Friendship Heights Metro station, Whole Foods, restaurants, and shopping. Built in 1968, the unit offers a range of interior updates alongside shared building amenities and nearby transit and retail services.
The property is located blocks from the Friendship Heights Metro station, Whole Foods, restaurants, and shopping. Built in 1968, the unit offers a range of interior updates alongside shared building amenities and nearby transit and retail services.
Key Highlights
- Two garage spaces included
- Updated bathrooms with glass enclosures
- Rooftop pool, library, elevator, laundry facilities, and security desk
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,728
Cap Rate
4.91%
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 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$313.8K
$274.6K – $366.1K
NOI $21,965 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 - Granite countertops, stainless-steel appliances, and refreshed bathrooms define the unit’s interior finishes.
Where is this residential income property located?
The property is located at 4515 WILLARD AVENUE Unit 615S Chevy Chase, MD.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two garage spaces included; Updated bathrooms with glass enclosures; Rooftop pool, library, elevator, laundry facilities, and security desk
