Two-Bedroom Condominium
For Sale
$480,000
4601 N PARK AVENUE Unit 1418-T, Chevy Chase, MD 20815
Updated corner home pairs an open living area with a private balcony and deeded parking.
Property Size1,239 SF
Price / SF$387.41
Days on Market37
Property Features for 4601 N PARK AVENUE Unit 1418-T
General Information
Standard status
Active
Size
1,239 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,165
Amenities
24-hour concierge
indoor swimming pool
fitness center
indoor and outdoor entertaining spaces
resident courtyard
private balcony
washer and dryer
complimentary building shuttle
Building Details
Building Size
1,239 SF
Year Built
1975
Listing Agency:
Compass
Listed By:
Diane Yochelson · License #662510
(301) 525-5516
Source:
Gallerycollectivere
Added: Sep 23
Changed: Oct 27
Last Checked: Oct 27 at 3:45AM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,239-square-foot, two-bedroom, two-bath condominium occupies a corner position on the 14th floor. Recent updates include fresh paint, new flooring, foyer wallpaper, and new kitchen appliances. The open-plan kitchen, dining, and living areas connect to a private balcony, and a washer and dryer are housed in a dedicated cabinet. A deeded parking space is included.
The Elizabeth offers a 24-hour concierge, indoor pool, fitness center, resident courtyard, and indoor and outdoor gathering areas. A building shuttle serves Friendship Heights Metro. Trader Joe’s, Whole Foods, Bloomingdale’s, shops, and restaurants are nearby. The condo fee covers utilities, including electricity, gas, heat, air conditioning, water, and sewer, along with maintenance of the pool, fitness center, and common areas.
The Elizabeth offers a 24-hour concierge, indoor pool, fitness center, resident courtyard, and indoor and outdoor gathering areas. A building shuttle serves Friendship Heights Metro. Trader Joe’s, Whole Foods, Bloomingdale’s, shops, and restaurants are nearby. The condo fee covers utilities, including electricity, gas, heat, air conditioning, water, and sewer, along with maintenance of the pool, fitness center, and common areas.
Key Highlights
- 1,239 square feet with two bedrooms and two baths
- Corner residence on the 14th floor
- Private balcony and deeded parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,457
Cap Rate
4.26%
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 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$435.9K
$381.4K – $508.5K
NOI $30,510 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Utilities to site
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 - Updated corner home pairs an open living area with a private balcony and deeded parking.
Where is this residential income property located?
The property is located at 4601 N PARK AVENUE Unit 1418-T Chevy Chase, MD.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 1,239 square feet with two bedrooms and two baths; Corner residence on the 14th floor; Private balcony and deeded parking space
