Residential Income Property with
New
For Sale
$800,000
4620 N PARK AVENUE Unit 1505, Chevy Chase, MD 20815
Corner residence in a full-service building with assigned parking and shared fitness, recreation, and pool amenities.
Property Size1,609 SF
Price / SF$497.20
Days on Market5
Property Features for 4620 N PARK AVENUE Unit 1505
General Information
Standard status
Active
Size
1,609 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Multifamily Units
1
Parking per Unit
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,980
Amenities
on-site management
front desk attendant
outdoor pool and patio
library/game room
gym
sauna
Building Details
Building Size
1,609 SF
Year Built
1973
Listing Agency:
Compass
Listed By:
David Abramson · License #638834
(240) 475-5001
Source:
Kerishull
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 11 at 2:26PM
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
Investment Insights
Based on property information with market context.
This 1,609-square-foot corner residence occupies the 15th floor of a building constructed in 1973. Windows on multiple sides bring in natural light, with views extending across Tysons, Arlington, and Washington, DC. The layout includes a living and dining area, an eat-in kitchen, a primary suite with walk-in closet, and a laundry room with additional storage. A bedroom also has a built-in desk and bookcase. Two assigned parking spaces are included.
Building amenities include on-site management, a front desk attendant, an outdoor pool and patio, a library/game room, a gym, and a sauna. Grocery stores, restaurants, shopping, and Metro access are nearby in Chevy Chase.
Building amenities include on-site management, a front desk attendant, an outdoor pool and patio, a library/game room, a gym, and a sauna. Grocery stores, restaurants, shopping, and Metro access are nearby in Chevy Chase.
Key Highlights
- 1,609‑square‑foot corner residence on the 15th floor
- Views across Tysons, Arlington, and Washington, DC
- Two assigned parking spaces: 46 and 47
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,567
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,340
$531.3K
Cap Rate 7%
$379,529
$379.5K
Cap Rate 9%
$295,189
$295.2K
Market Conditions
NOI Build-Up for 1,609 SF
Gross rent
$51.9K $32.28/SF
− Vacancy
−$3.6K −$2.26/SF
EGI
$48.3K $30.02/SF
− OpEx
−$21.7K −$13.51/SF
NOI
$26.6K $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%
$531,340
Cap Rate 7%
$379,529
Cap Rate 9%
$295,189
Alternative Uses
Best Use
Apartment 5plus
$379.5K
$332.1K – $442.8K
NOI $26,567 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$566.0K
$495.3K – $660.4K
NOI $39,621 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,259
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Corner residence in a full-service building with assigned parking and shared fitness, recreation, and pool amenities.
Where is this residential income property located?
The property is located at 4620 N PARK AVENUE Unit 1505 Chevy Chase, MD.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 1,609‑square‑foot corner residence on the 15th floor; Views across Tysons, Arlington, and Washington, DC; Two assigned parking spaces: 46 and 47
