Updated Two-Bedroom Residential
For Sale
$330,000
4601 N PARK AVENUE Unit 220V, Chevy Chase, MD 20815
Recent interior improvements pair with extensive resident amenities and on-site building management.
Property Size967 SF
Price / SF$341.26
Days on Market42
Property Features for 4601 N PARK AVENUE Unit 220V
General Information
Standard status
Active
Size
967 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x two bedroom
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,137
Amenities
concierge
indoor heated pool
sauna
fitness room
beauty salon
convenience store
library room
shuttle
Building Details
Building Size
967 SF
Year Built
1975
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Adrian Small · License #669129
(202) 360-5418
Source:
Canopy-re
Added: Sep 17
Changed: Oct 26
Last Checked: Oct 26 at 1:37PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This two-bedroom condominium at The Elizabeth measures 967 square feet and was built in 1975. Interior work includes a remodeled kitchen, updated bathrooms, new flooring, and fresh paint. The building has a concierge, indoor heated pool, sauna, fitness room, beauty salon, convenience store, and library. Management is provided in-house, and the condo fee covers utilities including heat, water, electricity, and gas, as well as building amenities.
The property is in Chevy Chase near Wisconsin Avenue, Whole Foods, Giant, Metro service, restaurants, and shops. A building shuttle provides another transportation option.
The property is in Chevy Chase near Wisconsin Avenue, Whole Foods, Giant, Metro service, restaurants, and shops. A building shuttle provides another transportation option.
Key Highlights
- Two‑bedroom condominium with 967 square feet
- Interior updates include a remodeled kitchen, new flooring, refreshed bathrooms, and new paint
- The Elizabeth was built in 1975 and has in‑house management and a concierge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,966
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,320
$319.3K
Cap Rate 7%
$228,086
$228.1K
Cap Rate 9%
$177,400
$177.4K
Market Conditions
NOI Build-Up for 967 SF
Gross rent
$31.2K $32.28/SF
− Vacancy
−$2.2K −$2.26/SF
EGI
$29.0K $30.02/SF
− OpEx
−$13.1K −$13.51/SF
NOI
$16.0K $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%
$319,320
Cap Rate 7%
$228,086
Cap Rate 9%
$177,400
Alternative Uses
Best Use
Apartment 5plus
$228.1K
$199.6K – $266.1K
NOI $15,966 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$340.2K
$297.7K – $396.9K
NOI $23,812 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,695
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 - Recent interior improvements pair with extensive resident amenities and on-site building management.
Where is this residential income property located?
The property is located at 4601 N PARK AVENUE Unit 220V Chevy Chase, MD.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two‑bedroom condominium with 967 square feet; Interior updates include a remodeled kitchen, new flooring, refreshed bathrooms, and new paint; The Elizabeth was built in 1975 and has in‑house management and a concierge
