Takoma Park Multifamily
For Sale
$549,000
Pending
700 Chaney Drive, Takoma Park, MD 20912
Five-unit apartment building in Takoma Park near Sligo Creek.
Property Size3,500 SF
Days on Market166
Property Features for 700 Chaney Drive
General Information
Standard status
Pending
Size
3,500 SF
Property subtype
Multi-Family / Fee Simple
Zoning
R30
Taxes and HOA fees
Annual Taxes
$8,509
Amenities
No
https://mls.truplace.com/property/1507/141731/
No Pool
Building Details
Year Built
1940
Listing Agency:
Compass
(301) 908-4373
Listed By:
Scott Sachs · License #601998
(301) 908-4373
Source:
Compass
Added: Mar 19
Changed: Aug 8
Last Checked: Jul 24 at 1:54PM
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
Investment Insights
Based on property information with market context.
Located in Takoma Park, Maryland, this five-unit multifamily property offers an investment opportunity. The property contains a mix of four one-bedroom apartments and one two-bedroom apartment. All units are currently occupied by tenants, providing a consistent income stream. The building includes parking and additional storage for tenant convenience. The property backs directly onto Sligo Creek Park, providing residents with access to trails and green space. The property is located a short distance from downtown Takoma Park's shops and restaurants. The building is situated on a tree-lined street. The property is located in Montgomery County and is part of the MONTGOMERY COUNTY PUBLIC SCHOOLS school district. Schools include TAKOMA PARK Elementary and Middle Schools, and MONTGOMERY BLAIR High School. The property size is 3500 square feet.
Key Highlights
- Five‑unit multi‑family property in highly desirable Takoma Park rental market.
- Directly backs to Sligo Creek Park, offering access to trails and green space.
- Well‑balanced unit mix: four 1‑bedroom and one 2‑bedroom apartments.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 20912, MD
25,463
Population
10,140
Households
2.5
Avg Household Size
38
Median Age
51%
College-Educated
86%
High-School Grad
2.7 sq mi
ZIP Area
9,431
Density / Sq Mi
$82,097
Median Household Income
$48,447
Median Earnings
$1,452
Median Rent
$671,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment building in Takoma Park near Sligo Creek.
Where is this apartment building located?
The property is located at 700 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: Five‑unit multi‑family property in highly desirable Takoma Park rental market.; Directly backs to Sligo Creek Park, offering access to trails and green space.; Well‑balanced unit mix: four 1‑bedroom and one 2‑bedroom apartments.
