700-a Chaney Dr, Takoma Park, MD 20912
Local realty services provided by:ERA Martin Associates
Listed by: scott sachs
Office: compass
MLS#:MDMC2223176
Source:BRIGHTMLS
Price summary
- Price:$549,000
- Price per sq. ft.:$156.86
About this home
THIS IS A 5 UNIT MULTI FAMILY PROPERTY
OFFER DEADLINE - TUESDAY, APRIL 7th at 3pm
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....
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Home facts
- Year built:1937
- Listing ID #:MDMC2223176
- Added:55 day(s) ago
- Updated:May 15, 2026 at 01:48 PM
Rooms and interior
- Bedrooms:2
- Living area:3,500 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Natural Gas, Radiator
Structure and exterior
- Year built:1937
- Building area:3,500 sq. ft.
- Lot area:0.18 Acres
- Architectural Style:Traditional
Schools
- High school:MONTGOMERY BLAIR
- Middle school:TAKOMA PARK
- Elementary school:TAKOMA PARK
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$549,000
- Price per sq. ft.:$156.86
- Tax amount:$8,509 (2025)
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