Residential Income Condo with Deeded
New
For Sale
$308,000
5500 FRIENDSHIP BLVD #1226N, Chevy Chase, MD 20815
CHEVY CHASE, MD
Property Size1,030 SF
Price / SF$299.03
Days on Market5
Property Features for 5500 FRIENDSHIP BLVD #1226N
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1
Subdivision
CHEVY CHASE VILLAGE
Elementary school
SOMERSET
Middle school
WESTLAND
High school
BETHESDA-CHEVY CHASE
Elementary school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Middle school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
High school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Standard status
Active
Amenities
rooftop pool
exercise room
library
24-hour security
monitored access
lobby desk
rooftop deck
Building Details
Year built
1967
Listing Agency:
One Bethesda
(240) 497-1700
Listed By:
Trevor M Crowley
(908) 370-7839
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 6 at 8:06AM
MLS# MDMC2258430
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,030-square-foot condominium includes one bedroom and 1.5 bathrooms. Renovations added an updated kitchen with granite counters, backsplash, a built-in wine rack and additional cabinetry. New paint, carpeting and light fixtures complement crown molding, recessed lighting and an expanded walk-in closet. The unit also includes a deeded oversized parking space, located about 30 steps from the elevator.
Building amenities include a rooftop pool and deck, exercise room, library, 24-hour security, monitored access and a staffed lobby desk. Friendship Heights Metro is two blocks away, and the Friendship Heights Village Community Center is across the street. The building dates to 1967.
Building amenities include a rooftop pool and deck, exercise room, library, 24-hour security, monitored access and a staffed lobby desk. Friendship Heights Metro is two blocks away, and the Friendship Heights Village Community Center is across the street. The building dates to 1967.
Key Highlights
- 1,030‑square‑foot condominium with one bedroom and 1.5 bathrooms
- Renovated kitchen with granite counters, backsplash, wine rack and added cabinetry
- Deeded oversized parking space about 30 steps from the elevator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,007
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,140
$340.1K
Cap Rate 7%
$242,957
$243.0K
Cap Rate 9%
$188,967
$189.0K
Market Conditions
NOI Build-Up for 1,030 SF
Gross rent
$33.2K $32.28/SF
− Vacancy
−$2.3K −$2.26/SF
EGI
$30.9K $30.02/SF
− OpEx
−$13.9K −$13.51/SF
NOI
$17.0K $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%
$340,140
Cap Rate 7%
$242,957
Cap Rate 9%
$188,967
Alternative Uses
Best Use
Apartment 5plus
$243.0K
$212.6K – $283.5K
NOI $17,007 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$362.3K
$317.0K – $422.7K
NOI $25,363 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,155
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 - Updated interiors and shared building amenities complement this one-bedroom residence.
Where is this residential income property located?
The property is located at 5500 FRIENDSHIP BLVD #1226N Chevy Chase, MD.
What is the asking price?
The asking price for this property is $308,000.
What are key features of this property?
This property features: 1,030‑square‑foot condominium with one bedroom and 1.5 bathrooms; Renovated kitchen with granite counters, backsplash, wine rack and added cabinetry; Deeded oversized parking space about 30 steps from the elevator
