Penthouse Residential Income
For Sale
$399,000
4620 N PARK AVENUE Unit E-PH-6, Chevy Chase, MD 20815
Two bedrooms, two baths, a balcony, and a dedicated parking space and storage unit serve this upper-floor residence.
Property Size1,140 SF
Price / SF$350
Days on Market91
Property Features for 4620 N PARK AVENUE Unit E-PH-6
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,274
Amenities
24-hour concierge service
library
fitness center
private showers/lockers
patio area
swimming pool
party room
in-unit washer/dryer
Building Details
Building Size
1,140 SF
Year Built
1973
Listing Agency:
Keller Williams Preferred Properties
Listed By:
William E Newsome · License #310814
(202) 498-2765
Source:
Canopy-re
Added: Jul 30
Changed: Oct 26
Last Checked: Oct 26 at 1:39PM
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 Keller Williams Preferred Properties
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Investment Insights
Based on property information with market context.
This 1,140-square-foot penthouse residence has two bedrooms and two bathrooms, including one bath near each bedroom. A separate dining room, eat-in kitchen, and spacious living room with a fireplace define the interior. Hardwood floors, upgraded counters, generous cabinetry, and an in-unit front-load washer and dryer are among its features. The balcony offers views extending from Bethesda toward Tysons Corner. A parking space and storage unit are included.
Building amenities include a 24-hour concierge, library, fitness center with private showers and lockers, swimming pool, patio, and party room. On-site management is also in place. Whole Foods, Metro, Bethesda Row, restaurants, and shopping are within walking distance. The building dates to 1973, and the owner has paid the special assessment for a new HVAC system being installed.
Building amenities include a 24-hour concierge, library, fitness center with private showers and lockers, swimming pool, patio, and party room. On-site management is also in place. Whole Foods, Metro, Bethesda Row, restaurants, and shopping are within walking distance. The building dates to 1973, and the owner has paid the special assessment for a new HVAC system being installed.
Key Highlights
- 1,140‑square‑foot penthouse with a large balcony and views toward Tysons Corner
- Two bedrooms, two bathrooms, separate dining room, and eat‑in kitchen
- Living room fireplace, hardwood flooring, upgraded counters, and in‑unit front‑load washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,823
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,460
$376.5K
Cap Rate 7%
$268,900
$268.9K
Cap Rate 9%
$209,144
$209.1K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$36.8K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.2K $30.02/SF
− OpEx
−$15.4K −$13.51/SF
NOI
$18.8K $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%
$376,460
Cap Rate 7%
$268,900
Cap Rate 9%
$209,144
Alternative Uses
Best Use
Apartment 5plus
$268.9K
$235.3K – $313.7K
NOI $18,823 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$401.0K
$350.9K – $467.9K
NOI $28,072 @ 7.0% cap · market cap 7.04%
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
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
Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms, two baths, a balcony, and a dedicated parking space and storage unit serve this upper-floor residence.
Where is this residential income property located?
The property is located at 4620 N PARK AVENUE Unit E-PH-6 Chevy Chase, MD.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,140‑square‑foot penthouse with a large balcony and views toward Tysons Corner; Two bedrooms, two bathrooms, separate dining room, and eat‑in kitchen; Living room fireplace, hardwood flooring, upgraded counters, and in‑unit front‑load washer and dryer
