Residential Income Property with Garage
For Sale
$399,000
4601 N PARK AVENUE Unit 1218-T, Chevy Chase, MD 20815
A two-bedroom, two-bathroom residence with a private parking space and access to shared indoor amenities.
Property Size1,239 SF
Price / SF$322.03
Days on Market331
Property Features for 4601 N PARK AVENUE Unit 1218-T
General Information
Standard status
Active
Size
1,239 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,165
Amenities
balcony
in-unit washer/dryer
fitness center
party room
library
heated indoor pool
Building Details
Building Size
1,239 SF
Year Built
1975
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Dec 1, 2025
Changed: Oct 27
Last Checked: Oct 26 at 2:34PM
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 1,239-square-foot residence in the Elizabeth Condominium has two bedrooms and two full bathrooms. The living and dining areas feature engineered cherry hardwood floors and open to a balcony. The kitchen includes granite countertops, wood cabinetry, stainless steel appliances, and an eat-in area; a full-size washer and dryer are also in the unit. Both bathrooms have walk-in showers, and the primary bedroom includes a walk-in closet and an en-suite bath. One private garage parking space conveys.
Residents have access to a fitness center, party room, library, heated indoor pool, and indoor and outdoor common areas. The property is in Friendship Heights, near Whole Foods, dining, retail, and the Friendship Heights Metro station. The building was constructed in 1975, and the condominium permits one pet.
Residents have access to a fitness center, party room, library, heated indoor pool, and indoor and outdoor common areas. The property is in Friendship Heights, near Whole Foods, dining, retail, and the Friendship Heights Metro station. The building was constructed in 1975, and the condominium permits one pet.
Key Highlights
- 1,239‑square‑foot residence with 2 bedrooms and 2 full bathrooms
- One private garage parking space conveys
- Balcony, engineered cherry hardwood floors, and full‑size washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,457
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,140
$409.1K
Cap Rate 7%
$292,243
$292.2K
Cap Rate 9%
$227,300
$227.3K
Market Conditions
NOI Build-Up for 1,239 SF
Gross rent
$40.0K $32.28/SF
− Vacancy
−$2.8K −$2.26/SF
EGI
$37.2K $30.02/SF
− OpEx
−$16.7K −$13.51/SF
NOI
$20.5K $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%
$409,140
Cap Rate 7%
$292,243
Cap Rate 9%
$227,300
Alternative Uses
Best Use
Apartment 5plus
$292.2K
$255.7K – $341.0K
NOI $20,457 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$435.9K
$381.4K – $508.5K
NOI $30,510 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,695
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
Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom, two-bathroom residence with a private parking space and access to shared indoor amenities.
Where is this residential income property located?
The property is located at 4601 N PARK AVENUE Unit 1218-T Chevy Chase, MD.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,239‑square‑foot residence with 2 bedrooms and 2 full bathrooms; One private garage parking space conveys; Balcony, engineered cherry hardwood floors, and full‑size washer and dryer
