Garden-Style Residential Income
For Sale
$237,500
4803 WELLINGTON DRIVE Unit 202, Chevy Chase, MD 20815
The condo includes assigned parking, extra storage, bike storage, and access to community laundry.
Property Size818 SF
Price / SF$290.34
Days on Market154
Property Features for 4803 WELLINGTON DRIVE Unit 202
General Information
Standard status
Active
Size
818 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$4,605
Amenities
extra storage
bike room
community laundry room
Building Details
Building Size
818 SF
Year Built
1949
Construction
garden-style
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: May 28
Changed: Oct 27
Last Checked: Oct 26 at 2:35PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 818-square-foot garden-style condominium was built in 1949. The unit has assigned off-street parking, a separate storage area, and access to a shared bike room and community laundry. Small pets are permitted. The condo fee covers utilities other than electricity.
Bethesda Metro, Bethesda Row, shops, restaurants, entertainment, recreation, and the Capital Crescent Trail are described as walkable destinations. The property is also near everyday services and community amenities in the Chevy Chase and Bethesda area.
Bethesda Metro, Bethesda Row, shops, restaurants, entertainment, recreation, and the Capital Crescent Trail are described as walkable destinations. The property is also near everyday services and community amenities in the Chevy Chase and Bethesda area.
Key Highlights
- 818‑square‑foot garden‑style condominium built in 1949
- Assigned off‑street parking, space #9
- Extra storage and access to a bike room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,506
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,120
$270.1K
Cap Rate 7%
$192,943
$192.9K
Cap Rate 9%
$150,067
$150.1K
Market Conditions
NOI Build-Up for 818 SF
Gross rent
$26.4K $32.28/SF
− Vacancy
−$1.8K −$2.26/SF
EGI
$24.6K $30.02/SF
− OpEx
−$11.1K −$13.51/SF
NOI
$13.5K $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%
$270,120
Cap Rate 7%
$192,943
Cap Rate 9%
$150,067
Alternative Uses
Best Use
Apartment 5plus
$192.9K
$168.8K – $225.1K
NOI $13,506 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$287.8K
$251.8K – $335.7K
NOI $20,143 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,427
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 condo includes assigned parking, extra storage, bike storage, and access to community laundry.
Where is this residential income property located?
The property is located at 4803 WELLINGTON DRIVE Unit 202 Chevy Chase, MD.
What is the asking price?
The asking price for this property is $237,500.
What are key features of this property?
This property features: 818‑square‑foot garden‑style condominium built in 1949; Assigned off‑street parking, space #9; Extra storage and access to a bike room
