High-Rise Residence with Private
For Sale
$449,000
4601 N PARK AVENUE Unit 1718, Chevy Chase, MD 20815
The 17th-floor unit includes a separately deeded parking space and access to an indoor pool, sauna, and on-site EV charging.
Property Size1,239 SF
Price / SF$362.39
Days on Market84
Property Features for 4601 N PARK AVENUE Unit 1718
General Information
Standard status
Active
Size
1,239 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,165
Amenities
24/7 front desk service with security
on-site EV charging stations
year-round indoor swimming pool
relaxing sauna
on-site arcade shops
in-unit stacked washer and dryer
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: Aug 6
Changed: Oct 27
Last Checked: Oct 26 at 3:01PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on the 17th floor of The Elizabeth, this 1,239-square-foot residence has parquet flooring, a living and dining area, and sliding glass doors leading to a private balcony. The kitchen has white cabinetry and a mosaic tile backsplash, with a stacked LG washer and dryer in the unit. The primary bedroom receives natural light and overlooks parkland. A separately deeded parking space is included in the sale.
Building amenities include a year-round indoor swimming pool, sauna, EV charging stations, arcade shops, and a lobby with 24/7 front desk service and security. Building utilities are included in the condo fee. Bus service and the Metro are nearby, while shopping and restaurants in Friendship Heights are within walking distance.
Building amenities include a year-round indoor swimming pool, sauna, EV charging stations, arcade shops, and a lobby with 24/7 front desk service and security. Building utilities are included in the condo fee. Bus service and the Metro are nearby, while shopping and restaurants in Friendship Heights are within walking distance.
Key Highlights
- 1,239‑square‑foot residence on the 17th floor
- Private balcony with views of parkland and the city skyline
- Separately deeded parking space conveys with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,457
Cap Rate
4.56%
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 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$435.9K
$381.4K – $508.5K
NOI $30,510 @ 7.0% cap · market cap 6.80%
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 - The 17th-floor unit includes a separately deeded parking space and access to an indoor pool, sauna, and on-site EV charging.
Where is this residential income property located?
The property is located at 4601 N PARK AVENUE Unit 1718 Chevy Chase, MD.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,239‑square‑foot residence on the 17th floor; Private balcony with views of parkland and the city skyline; Separately deeded parking space conveys with the sale
