Residential Income
For Sale
$265,000
4515 WILLARD AVENUE Unit 702S, Chevy Chase, MD 20815
An updated one-bedroom residence offers renovated kitchen and bath finishes, plus access to building amenities and a Metro shuttle.
Property Size839 SF
Price / SF$315.85
Days on Market175
Property Features for 4515 WILLARD AVENUE Unit 702S
General Information
Standard status
Active
Size
839 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,309
Amenities
rooftop pool and sun deck
fitness center
24/7 concierge service
secured entry
in-building mini market
Alfios Italian Restaurant
complimentary shuttle to nearby Metro and premier shopping destinations
Building Details
Building Size
839 SF
Year Built
1968
Listing Agency:
EXP Realty, LLC
Listed By:
Neil W Bacchus · License #312336
(301) 674-8090
Source:
Irvinrealtyllc
Added: May 7
Changed: Oct 27
Last Checked: Oct 26 at 8:16PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
Unit 702S at The Willoughby of Chevy Chase is an 839-square-foot, one-bedroom residence in a building completed in 1968. The kitchen and primary bathroom have been renovated, and hardwood flooring runs through the main living area. An opened kitchen connects with the living space, while an extended corridor can accommodate a desk or reading area. Views of greenery are described from the residence’s rooms.
Building amenities include a rooftop pool and sun deck, fitness center, 24-hour concierge, secured entry, mini market, and Italian restaurant. A complimentary shuttle serves nearby Metro and shopping destinations. Whole Foods, Bloomingdale’s, Saks Fifth Avenue, Tiffany & Co., and several restaurants are in the surrounding area, with Friendship Heights Metro providing a transit connection to Washington, DC.
Building amenities include a rooftop pool and sun deck, fitness center, 24-hour concierge, secured entry, mini market, and Italian restaurant. A complimentary shuttle serves nearby Metro and shopping destinations. Whole Foods, Bloomingdale’s, Saks Fifth Avenue, Tiffany & Co., and several restaurants are in the surrounding area, with Friendship Heights Metro providing a transit connection to Washington, DC.
Key Highlights
- 839‑square‑foot, one‑bedroom residence at The Willoughby of Chevy Chase
- Renovated kitchen, primary bathroom, and hardwood flooring in the main living area
- Building amenities include a rooftop pool and sun deck, fitness center, and 24‑hour concierge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,853
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,060
$277.1K
Cap Rate 7%
$197,900
$197.9K
Cap Rate 9%
$153,922
$153.9K
Market Conditions
NOI Build-Up for 839 SF
Gross rent
$27.1K $32.28/SF
− Vacancy
−$1.9K −$2.26/SF
EGI
$25.2K $30.02/SF
− OpEx
−$11.3K −$13.51/SF
NOI
$13.9K $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%
$277,060
Cap Rate 7%
$197,900
Cap Rate 9%
$153,922
Alternative Uses
Best Use
Apartment 5plus
$197.9K
$173.2K – $230.9K
NOI $13,853 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$295.1K
$258.3K – $344.3K
NOI $20,660 @ 7.0% cap · market cap 7.80%
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 one-bedroom residence offers renovated kitchen and bath finishes, plus access to building amenities and a Metro shuttle.
Where is this residential income property located?
The property is located at 4515 WILLARD AVENUE Unit 702S Chevy Chase, MD.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 839‑square‑foot, one‑bedroom residence at The Willoughby of Chevy Chase; Renovated kitchen, primary bathroom, and hardwood flooring in the main living area; Building amenities include a rooftop pool and sun deck, fitness center, and 24‑hour concierge
