One-Bedroom Residential
For Sale
$285,000
5500 FRIENDSHIP BOULEVARD Unit 2028N, Chevy Chase, MD 20815
The residence includes gas cooking, a separate pantry, and a walk-in bedroom closet.
Property Size880 SF
Price / SF$323.86
Days on Market99
Property Features for 5500 FRIENDSHIP BOULEVARD Unit 2028N
General Information
Standard status
Active
Size
880 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,845
Amenities
24-hour concierge service
fitness center
rooftop pool
year-round sundeck
library with Wi-Fi
on-site Italian restaurant
convenience store
complimentary shuttle
Building Details
Building Size
880 SF
Year Built
1968
Listing Agency:
Compass
Listed By:
Margaret M. Babbington · License #SP98368959
(240) 460-4007
Source:
Jackrealtygroup
Added: Jul 22
Changed: Oct 27
Last Checked: Oct 26 at 3:59PM
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 880-square-foot residence, built in 1968, has one bedroom, oversized windows, and a kitchen with gas cooking, cabinet storage, and a separate pantry. The bedroom includes a walk-in closet and linen closet. A dual-entry bathroom connects to the living area and bedroom, with a pocket door separating the vanity from the bath.
Building amenities include a 24-hour concierge, fitness center, rooftop pool, year-round sundeck, library with Wi-Fi, Italian restaurant, and convenience store. A complimentary shuttle serves Whole Foods, the Friendship Heights Metro, shopping, dining, the Village of Friendship Heights Community Center, and a neighborhood park.
Building amenities include a 24-hour concierge, fitness center, rooftop pool, year-round sundeck, library with Wi-Fi, Italian restaurant, and convenience store. A complimentary shuttle serves Whole Foods, the Friendship Heights Metro, shopping, dining, the Village of Friendship Heights Community Center, and a neighborhood park.
Key Highlights
- 880‑square‑foot, one‑bedroom residence
- Built in 1968
- Kitchen has gas cooking and a separate pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,530
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,600
$290.6K
Cap Rate 7%
$207,571
$207.6K
Cap Rate 9%
$161,444
$161.4K
Market Conditions
NOI Build-Up for 880 SF
Gross rent
$28.4K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$26.4K $30.02/SF
− OpEx
−$11.9K −$13.51/SF
NOI
$14.5K $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%
$290,600
Cap Rate 7%
$207,571
Cap Rate 9%
$161,444
Alternative Uses
Best Use
Apartment 5plus
$207.6K
$181.6K – $242.2K
NOI $14,530 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$309.6K
$270.9K – $361.2K
NOI $21,669 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
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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 - The residence includes gas cooking, a separate pantry, and a walk-in bedroom closet.
Where is this residential income property located?
The property is located at 5500 FRIENDSHIP BOULEVARD Unit 2028N Chevy Chase, MD.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 880‑square‑foot, one‑bedroom residence; Built in 1968; Kitchen has gas cooking and a separate pantry
