Updated Residential Income
For Sale
$349,000
4800 CHEVY CHASE DRIVE Unit 102, Chevy Chase, MD 20815
The condo offers two bedrooms, two full baths, and an open kitchen with a large island.
Property Size1,135 SF
Price / SF$307.49
Days on Market27
Property Features for 4800 CHEVY CHASE DRIVE Unit 102
General Information
Standard status
Active
Size
1,135 SF
Property subtype
Penthouse Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,000
Building Details
Building Size
1,135 SF
Year Built
1962
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Jane Fairweather · License #75353
(240) 223-4663
Source:
Canopy-re
Added: Oct 2
Changed: Oct 27
Last Checked: Oct 26 at 12:08PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This updated 2-bedroom, 2-bath condo spans 1,135 square feet. The kitchen has an open layout and a large island, with room for separate living and dining areas. Both bedrooms include closet space, and the two full bathrooms have been updated. The interior has also been freshly painted. The building dates to 1962.
The property is on Chevy Chase Drive in Chevy Chase, Maryland, a short walk from downtown Bethesda shopping, dining, and entertainment.
The property is on Chevy Chase Drive in Chevy Chase, Maryland, a short walk from downtown Bethesda shopping, dining, and entertainment.
Key Highlights
- 1,135‑square‑foot condo with 2 bedrooms and 2 full baths
- Open‑concept kitchen with a large island
- Both bathrooms have been updated; interior has been freshly painted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,740
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,800
$374.8K
Cap Rate 7%
$267,714
$267.7K
Cap Rate 9%
$208,222
$208.2K
Market Conditions
NOI Build-Up for 1,135 SF
Gross rent
$36.6K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.1K $30.02/SF
− OpEx
−$15.3K −$13.51/SF
NOI
$18.7K $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%
$374,800
Cap Rate 7%
$267,714
Cap Rate 9%
$208,222
Alternative Uses
Best Use
Apartment 5plus
$267.7K
$234.3K – $312.3K
NOI $18,740 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$399.3K
$349.4K – $465.8K
NOI $27,949 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
4,505
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 - The condo offers two bedrooms, two full baths, and an open kitchen with a large island.
Where is this residential income property located?
The property is located at 4800 CHEVY CHASE DRIVE Unit 102 Chevy Chase, MD.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,135‑square‑foot condo with 2 bedrooms and 2 full baths; Open‑concept kitchen with a large island; Both bathrooms have been updated; interior has been freshly painted
