Takoma Park Multifamily Investment
700-A CHANEY Drive Takoma Park, MD 20912
700-A CHANEY Drive, Takoma Park, MD, 20912
$549,000
For Sale
Under Contract
$549,000
MULTI_FAMILY - Other - TAKOMA PARK, MD
Property Size3,500 SF
Lot Size0.18 Acres
Price / SF$156.86
Days on Market123
Property Features for 700-A CHANEY Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Standard status
- Active Under Contract
- Size
- 3,500 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8509
Utilities
- Heating system
- Other (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1937
- Number of units
- 4
- Architectural style
- Other
Listing Agency
Compass
(301) 298-1001
5471 WISCONSIN Avenue unit: 300, WASHINGTON, MD
Listed by
Scott Sachs · License #601998
(301) 908-4373
Added: Mar 20 Updated: Jun 9 at 12:13 pm Checked: Jul 20 at 8:06 pm
MLS# MDMC2223176
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located on a quiet, tree-lined street in Takoma Park, this five-unit apartment building presents an investment opportunity. The property features a mix of four one-bedroom apartments and one two-bedroom apartment, all occupied by professional tenants, providing a steady income stream. The building offers functionality, with parking and additional storage. The property backs directly to Sligo Creek Park, offering residents access to trails and green space. The property is a short distance from downtown Takoma Park's shops and restaurants. Strategic rent adjustments and expense management offer the potential to enhance cash flow and improve the overall return profile. The lot size is 0.1757 acres. The property size is 3500 square feet.
Key Highlights
- Directly backs to Sligo Creek Park, providing residents with immediate access to scenic trails and green space.
- Located in the heart of Takoma Park, close to shops, restaurants, and community offerings.
- Features a mix of four one‑bedroom and one two‑bedroom apartments, all currently occupied by professional tenants, ensuring a steady income stream.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit apartment building in Takoma Park with value-add potential.
Where is this apartment building located?
The property is located at 700-A CHANEY Drive Takoma Park, MD.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Directly backs to Sligo Creek Park, providing residents with immediate access to scenic trails and green space.; Located in the heart of Takoma Park, close to shops, restaurants, and community offerings.; Features a mix of four one‑bedroom and one two‑bedroom apartments, all currently occupied by professional tenants, ensuring a steady income stream.
