Residential Income Property with
For Sale
$699,000
4601 N PARK AVENUE Unit 1818T, Chevy Chase, MD 20815
The 1,239-square-foot condominium includes four garage spaces in two tandem arrangements.
Property Size1,239 SF
Price / SF$564.16
Days on Market100
Property Features for 4601 N PARK AVENUE Unit 1818T
General Information
Standard status
Active
Size
1,239 SF
Total Parking Spaces
4
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,165
Amenities
staffed front desk
indoor swimming pool
fitness center
sauna
resident gathering spaces
private balcony
Building Details
Building Size
1,239 SF
Year Built
1975
Listing Agency:
Realty ONE Group Capital
Listed By:
John J Akhavan · License #641050
(703) 522-6444
Source:
Kerishull
Added: Jun 29
Changed: Oct 5
Last Checked: Oct 6 at 12:17AM
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 Realty ONE Group Capital
Investment Insights
Based on property information with market context.
This 1,239-square-foot, top-floor corner condominium has two bedrooms, a private balcony, hardwood floors, and a renovated kitchen with stone countertops and upgraded appliances. The bathrooms have also been renovated. Four garage parking spaces are included, arranged in two tandem configurations.
The Elizabeth offers a staffed front desk, indoor pool, fitness center, sauna, resident gathering areas, and professional management. The property is in Friendship Heights, with Metro access and nearby grocery stores, retail, dining, and medical services.
The Elizabeth offers a staffed front desk, indoor pool, fitness center, sauna, resident gathering areas, and professional management. The property is in Friendship Heights, with Metro access and nearby grocery stores, retail, dining, and medical services.
Key Highlights
- 1,239 square feet in a top‑floor corner residence
- Two bedrooms and a private balcony
- Four garage parking spaces in two tandem configurations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,457
Cap Rate
2.93%
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 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$435.9K
$381.4K – $508.5K
NOI $30,510 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1,239-square-foot condominium includes four garage spaces in two tandem arrangements.
Where is this residential income property located?
The property is located at 4601 N PARK AVENUE Unit 1818T Chevy Chase, MD.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,239 square feet in a top‑floor corner residence; Two bedrooms and a private balcony; Four garage parking spaces in two tandem configurations
