Two-Bedroom Condominium
For Sale
$449,000
5500 FRIENDSHIP BOULEVARD #2108N, Chevy Chase, MD 20815
A private balcony, renovated interior finishes, and deeded garage parking complement the building’s resident amenities.
Property Size1,326 SF
Price / SF$345.38
Days on Market121
Property Features for 5500 FRIENDSHIP BOULEVARD #2108N
General Information
Standard status
Active
Size
1,326 SF
Total Parking Spaces
2
Property subtype
Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Amenities
24-hour concierge
fitness center
rooftop pool and sundeck
rooftop lounge
library
party room
on-site market
laundry on every floor
Building Details
Building Size
1,326 SF
Year Built
1968
Listing Agency:
Compass
Listed By:
Kathleen L Whalen · License #305821
(301) 304-8444
Source:
Kwelsalvador.kw
Added: Jun 30
Changed: Oct 25
Last Checked: Oct 26 at 12:50PM
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.
Set on the 21st floor of the Willoughby Condominium, this 2-bedroom, 2-bath residence offers more than 1,300 square feet and a private balcony with views spanning Maryland and DC. Recent improvements include LVP flooring, fresh paint, a new electric panel, new appliances, and updated plumbing fixtures and disposal. Two separately deeded garage spaces, 524 and 525 on Level G6, are included.
Building amenities include a 24-hour concierge, fitness center, rooftop pool and sundeck, lounge, library, party room, and on-site market. Laundry facilities are available on every floor, and all utilities are included in the condo fee. Friendship Heights retail and dining, including Whole Foods, Trader Joe’s, and Bloomingdale’s, are nearby, as are local parks and recreation. The property is also near the Metro Red Line and a dedicated shuttle.
Building amenities include a 24-hour concierge, fitness center, rooftop pool and sundeck, lounge, library, party room, and on-site market. Laundry facilities are available on every floor, and all utilities are included in the condo fee. Friendship Heights retail and dining, including Whole Foods, Trader Joe’s, and Bloomingdale’s, are nearby, as are local parks and recreation. The property is also near the Metro Red Line and a dedicated shuttle.
Key Highlights
- 21st‑floor residence with 2 bedrooms, 2 baths, and more than 1,300 square feet
- Private balcony with views of Maryland and DC
- Two separately deeded garage spaces: 524 and 525 on Level G6
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,465
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,300
$429.3K
Cap Rate 7%
$306,643
$306.6K
Cap Rate 9%
$238,500
$238.5K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$42.0K $32.28/SF
− Vacancy
−$2.9K −$2.26/SF
EGI
$39.0K $30.02/SF
− OpEx
−$17.6K −$13.51/SF
NOI
$21.5K $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%
$429,300
Cap Rate 7%
$306,643
Cap Rate 9%
$238,500
Alternative Uses
Best Use
Apartment 5plus
$306.6K
$268.3K – $357.8K
NOI $21,465 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$457.3K
$400.2K – $533.5K
NOI $32,012 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Utilities to site
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 private balcony, renovated interior finishes, and deeded garage parking complement the building’s resident amenities.
Where is this residential income property located?
The property is located at 5500 FRIENDSHIP BOULEVARD #2108N Chevy Chase, MD.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 21st‑floor residence with 2 bedrooms, 2 baths, and more than 1,300 square feet; Private balcony with views of Maryland and DC; Two separately deeded garage spaces: 524 and 525 on Level G6
