Takoma Park Multifamily
700 Chaney Drive, Takoma Park, MD 20912
Five-unit apartment building in Takoma Park near Sligo Creek.
Type:Multi-Family / Fee Simple
Property size:
3,500 SFPrice / SF:
$164/SF- Added:
- Mar 19, 2026
- Days on Market:
- 75
- Last Refresh:
- Mar 20 at 8:09 pm
Property Features for 700 Chaney Drive
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1940
Listing agent Scott Sachs License #601998 (301) 908-4373
Listing office Long & Foster Real Estate, Inc. (301) 908-4373
Listing date Mar 19, 2026
Source Compass
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 Long & Foster Real Estate, Inc.
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.
- Currently occupied by professional tenants, providing steady income.
- Value‑add opportunity through rent adjustments and expense management.
- Close proximity to downtown Takoma Park shops and restaurants.
Overview
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Takoma Park
- County
- Montgomery
- State
- Maryland
- Longitude
- -76.9986714
- Latitude
- 38.9827578
Nearby Similar for Sale
FAQs
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 $575,000.
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.
