Two-Bedroom Residential
For Sale
$449,876
5500 FRIENDSHIP BOULEVARD Unit 1604N, Chevy Chase, MD 20815
A renovated kitchen and bathrooms complement a flexible living and dining layout.
Property Size1,288 SF
Price / SF$349.28
Days on Market189
Property Features for 5500 FRIENDSHIP BOULEVARD Unit 1604N
General Information
Standard status
Active
Size
1,288 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,929
Amenities
private balcony
central A/C
rooftop fitness center
rooftop pool
sun deck
24/7 concierge service
library
lobby-level convenience store
trash chutes
common laundry rooms
meeting/party room
complimentary shuttle
Building Details
Building Size
1,288 SF
Year Built
1968
Listing Agency:
Compass
Listed By:
Francisco A Hoyos
(203) 570-3485
Source:
Canopy-re
Added: Apr 23
Changed: Oct 27
Last Checked: Oct 26 at 12:15PM
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
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Investment Insights
Based on property information with market context.
This 1,288-square-foot condominium at The Willoughby of Chevy Chase has two bedrooms and two bathrooms. The kitchen has been renovated and opens to a spacious living area, with a separate dining area and room for a home office. Updated bathrooms, custom built-ins, generous closets, central A/C, and a private balcony round out the residence. An oversized garage parking space near the elevator is included, and all utilities are covered by the condo fee.
Building amenities include a rooftop fitness center, pool, and sun deck, along with a 24/7 concierge, library, meeting and party room, and convenience store. Common laundry rooms are located on each floor. A complimentary shuttle serves nearby shopping and transit. Friendship Heights Metro Station is 0.3 miles away, and Whole Foods Market is three blocks from the building. The condominium was built in 1968.
Building amenities include a rooftop fitness center, pool, and sun deck, along with a 24/7 concierge, library, meeting and party room, and convenience store. Common laundry rooms are located on each floor. A complimentary shuttle serves nearby shopping and transit. Friendship Heights Metro Station is 0.3 miles away, and Whole Foods Market is three blocks from the building. The condominium was built in 1968.
Key Highlights
- 1,288‑square‑foot residence with two bedrooms and two bathrooms
- Renovated kitchen, updated bathrooms, custom built‑ins, and generous closets
- Private balcony and central A/C; all utilities included in the condo fee
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,266
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,320
$425.3K
Cap Rate 7%
$303,800
$303.8K
Cap Rate 9%
$236,289
$236.3K
Market Conditions
NOI Build-Up for 1,288 SF
Gross rent
$41.6K $32.28/SF
− Vacancy
−$2.9K −$2.26/SF
EGI
$38.7K $30.02/SF
− OpEx
−$17.4K −$13.51/SF
NOI
$21.3K $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%
$425,320
Cap Rate 7%
$303,800
Cap Rate 9%
$236,289
Alternative Uses
Best Use
Apartment 5plus
$303.8K
$265.8K – $354.4K
NOI $21,266 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$453.1K
$396.5K – $528.6K
NOI $31,716 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
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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 - A renovated kitchen and bathrooms complement a flexible living and dining layout.
Where is this residential income property located?
The property is located at 5500 FRIENDSHIP BOULEVARD Unit 1604N Chevy Chase, MD.
What is the asking price?
The asking price for this property is $449,876.
What are key features of this property?
This property features: 1,288‑square‑foot residence with two bedrooms and two bathrooms; Renovated kitchen, updated bathrooms, custom built‑ins, and generous closets; Private balcony and central A/C; all utilities included in the condo fee
