700-A CHANEY DR, Takoma Park, MD 20912

• 3,500 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 7:16AM

Listing Office:

Compass : 3012981001

Listing Agent:

Scott Sachs : 3019084373

MLS ID:

MDMC2223176

Interior

• A/C: Central A/C
• Heating: RadiatorNatural Gas
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Traditional

Construction

• General: Other

Location

• Originating MLS: BRIGHT_MAIN
• School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
• County: MONTGOMERY-MD

Lot

• Zoning: R30161301058244

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN