Two-Bedroom Corner Residential
For Sale
$441,000
5500 FRIENDSHIP BOULEVARD Unit 2017N, Chevy Chase, MD 20815
Separate living and dining rooms complement an open kitchen and generous closet storage.
Property Size1,292 SF
Price / SF$341.33
Days on Market139
Property Features for 5500 FRIENDSHIP BOULEVARD Unit 2017N
General Information
Standard status
Active
Size
1,292 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,929
Amenities
fitness center
24 hour desk service
community laundry
rooftop pool and sun deck
convenience store
Alfio's Italian restaurant
Building Details
Building Size
1,292 SF
Year Built
1968
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jun 12
Changed: Oct 27
Last Checked: Oct 26 at 3:17PM
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.
Set within the Willoughby of Chevy Chase, this 1,292-square-foot corner residence has two bedrooms and two bathrooms. Its layout includes distinct living and dining rooms, an open kitchen with white and stainless finishes, and substantial closet space. The building dates to 1968.
Residents have access to a fitness center, rooftop pool and sun deck, community laundry, a convenience store, Alfio's Italian restaurant, and 24-hour desk service. Whole Foods, Friendship Heights Metro, shops, and dining are nearby.
Residents have access to a fitness center, rooftop pool and sun deck, community laundry, a convenience store, Alfio's Italian restaurant, and 24-hour desk service. Whole Foods, Friendship Heights Metro, shops, and dining are nearby.
Key Highlights
- Two‑bedroom, two‑bathroom corner residence
- 1,292 square feet
- Building constructed in 1968
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,332
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,640
$426.6K
Cap Rate 7%
$304,743
$304.7K
Cap Rate 9%
$237,022
$237.0K
Market Conditions
NOI Build-Up for 1,292 SF
Gross rent
$41.7K $32.28/SF
− Vacancy
−$2.9K −$2.26/SF
EGI
$38.8K $30.02/SF
− OpEx
−$17.5K −$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%
$426,640
Cap Rate 7%
$304,743
Cap Rate 9%
$237,022
Alternative Uses
Best Use
Apartment 5plus
$304.7K
$266.7K – $355.5K
NOI $21,332 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$454.5K
$397.7K – $530.3K
NOI $31,815 @ 7.0% cap · market cap 7.21%
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 - Separate living and dining rooms complement an open kitchen and generous closet storage.
Where is this residential income property located?
The property is located at 5500 FRIENDSHIP BOULEVARD Unit 2017N Chevy Chase, MD.
What is the asking price?
The asking price for this property is $441,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom corner residence; 1,292 square feet; Building constructed in 1968
