$ 575,000
-
$575,000
Price -
2
Bed -
0
Bath -
3,500
SqFt
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Open House Times
- Sat. Mar. 28 at 11:00am to 1:00pm
About the Listing COMPS2 - 3002798
THIS IS A 5 UNIT MULTI FAMILY PROPERTY Nestled on a quiet, tree-lined street in the heart of Takoma Park, 701 1/2 Chaney Drive presents a rare and compelling investment opportunity. This charming five-unit apartment building blends character, stability, and upside potential—ideal for both seasoned investors and those looking to establish a foothold in a highly desirable rental market. The property features a well-balanced unit mix of four one-bedroom apartments and one two-bedroom apartment, all occupied by professional tenants, providing a steady and reliable income stream from day one. The building exudes classic charm while offering practical functionality, with ample parking and additional storage enhancing tenant convenience and long-term appeal. One of the property’s most unique attributes is its direct backing to Sligo Creek Park, offering residents immediate access to scenic trails, green space, and a tranquil natural setting—an uncommon amenity that sets this asset apart. Despite its peaceful surroundings, the property is just a short distance from downtown Takoma Park’s vibrant mix of shops, restaurants, and community offerings. Beyond its current performance, the property presents a clear value-add opportunity. Strategic rent adjustments and thoughtful expense management offer the potential to enhance cash flow and improve the overall return profile. THERE WILL BE AN OPEN HOUSE ON Saturday, 28th 11am to 1pm. Please contact listing agent to register!
Listing Highlights
Status
Active
Days on Site
1
Property Type
Multi-Family
MLS ®
MDMC2223176
Year Built
1937
Total Square Footage
3,500
Lot/Acreage
0.18
County
Montgomery
Neighborhood
Takoma Park
School District
Montgomery County Public Schools
Elementary School
Takoma Park
Middle School
Takoma Park
High School
Montgomery Blair
Interior Details
- Bedrooms: 2
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Radiator
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3500
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: R30
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Driveway
Financial Details
- Tax Amount: $8,509
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Questions About..
700 Chaney Dr Takoma Park, MD 20912
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