Junior One-Bedroom Condo
For Sale
$199,900
5500 FRIENDSHIP BOULEVARD Unit 2101N, Chevy Chase, MD 20815
A renovated interior uses a custom partition to give the sleeping area added separation from the main living space.
Property Size495 SF
Price / SF$403.84
Days on Market217
Property Features for 5500 FRIENDSHIP BOULEVARD Unit 2101N
General Information
Standard status
Active
Size
495 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x junior one-bedroom
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,296
Amenities
24/7 front desk attendant
rooftop pool
sun deck
fitness center
on-site convenience store
library
party room
in-house restaurant
complimentary shuttle
Building Details
Building Size
495 SF
Year Built
1968
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Mar 27
Changed: Oct 27
Last Checked: Oct 26 at 2:26PM
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 495-square-foot junior one-bedroom residence at The Willoughby has a custom-built wall that screens the sleeping area from the rest of the unit. The property includes parking and is in a building constructed in 1968.
Building facilities include a rooftop pool and sun deck, fitness center, library, party room, convenience store, and restaurant. A front desk is staffed around the clock, and a complimentary shuttle serves the area.
The residence is steps from Friendship Heights Metro, Whole Foods, and Bloomingdale's, with dining and retail options nearby.
Building facilities include a rooftop pool and sun deck, fitness center, library, party room, convenience store, and restaurant. A front desk is staffed around the clock, and a complimentary shuttle serves the area.
The residence is steps from Friendship Heights Metro, Whole Foods, and Bloomingdale's, with dining and retail options nearby.
Key Highlights
- 495‑square‑foot junior one‑bedroom residence
- Custom‑built partition separates the sleeping area
- Parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,173
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$163,460
$163.5K
Cap Rate 7%
$116,757
$116.8K
Cap Rate 9%
$90,811
$90.8K
Market Conditions
NOI Build-Up for 495 SF
Gross rent
$16.0K $32.28/SF
− Vacancy
−$1.1K −$2.26/SF
EGI
$14.9K $30.02/SF
− OpEx
−$6.7K −$13.51/SF
NOI
$8.2K $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%
$163,460
Cap Rate 7%
$116,757
Cap Rate 9%
$90,811
Alternative Uses
Best Use
Apartment 5plus
$116.8K
$102.2K – $136.2K
NOI $8,173 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$174.1K
$152.4K – $203.2K
NOI $12,189 @ 7.0% cap · market cap 6.10%
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 interior uses a custom partition to give the sleeping area added separation from the main living space.
Where is this residential income property located?
The property is located at 5500 FRIENDSHIP BOULEVARD Unit 2101N Chevy Chase, MD.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 495‑square‑foot junior one‑bedroom residence; Custom‑built partition separates the sleeping area; Parking included
