Renovated Residential
For Sale
$699,900
4620 N PARK AVENUE Unit 1601W, Chevy Chase, MD 20815
The three-bedroom residence has a private balcony, in-unit laundry, and access to shared building amenities.
Property Size1,308 SF
Days on Market10
Property Features for 4620 N PARK AVENUE Unit 1601W
General Information
Standard status
Active
Size
1,308 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,167
Building Details
Building Size
1,308 SF
Year Built
1973
Listing Agency:
Compass
Listed By:
Amirreza Eslaminejad · License #5009533
(301) 326-9658
Source:
Barnesrealestatecompany
Added: Sep 27
Changed: Oct 3
Last Checked: Oct 5 at 10:27PM
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 renovated residence has three bedrooms and two bathrooms, with separate living and dining areas and a private balcony overlooking treetops. The kitchen features custom cabinetry, ample counter space, and a breakfast bar; a washer and dryer are located within the unit. The primary bedroom suite includes generous closet space and a renovated bathroom.
Built in 1973, the property is in a smoke-free building with 24-hour concierge service, a pool, fitness center with sauna, library, and party room. Utilities are included in the monthly condo fee. The residence is located in Friendship Heights in Chevy Chase, Maryland.
Built in 1973, the property is in a smoke-free building with 24-hour concierge service, a pool, fitness center with sauna, library, and party room. Utilities are included in the monthly condo fee. The residence is located in Friendship Heights in Chevy Chase, Maryland.
Key Highlights
- Three‑bedroom, two‑bath residence with private balcony
- Renovated interior with separate living and dining areas
- Kitchen has custom cabinetry, generous counter space, and a breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,597
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,940
$431.9K
Cap Rate 7%
$308,529
$308.5K
Cap Rate 9%
$239,967
$240.0K
Market Conditions
NOI Build-Up for 1,308 SF
Gross rent
$42.2K $32.28/SF
− Vacancy
−$3.0K −$2.26/SF
EGI
$39.3K $30.02/SF
− OpEx
−$17.7K −$13.51/SF
NOI
$21.6K $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%
$431,940
Cap Rate 7%
$308,529
Cap Rate 9%
$239,967
Alternative Uses
Best Use
Apartment 5plus
$308.5K
$270.0K – $360.0K
NOI $21,597 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$460.1K
$402.6K – $536.8K
NOI $32,209 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The three-bedroom residence has a private balcony, in-unit laundry, and access to shared building amenities.
Where is this residential income property located?
The property is located at 4620 N PARK AVENUE Unit 1601W Chevy Chase, MD.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Three‑bedroom, two‑bath residence with private balcony; Renovated interior with separate living and dining areas; Kitchen has custom cabinetry, generous counter space, and a breakfast bar
