$575,000

700-A CHANEY DR, Takoma Park, MD 20912

  • 3,500 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1937
  • Property Lot Size Icon7,841sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $164/sqft
  • Property List Date Icon Listed 5 days ago

Property Description

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 Status:
Active
Data Last Updated:
March 25, 2026 at 5:21PM
Listing Office:
Compass : 3012981001
Listing Agent:
Scott Sachs : 3019084373
MLS ID:
MDMC2223176
  • A/C: Central A/C
  • Heating: RadiatorNatural Gas
  • Disability Feature: None
  • General: Above GradeBelow Grade
  • Style: Traditional
  • General: Other
  • Originating MLS: BRIGHT_MAIN
  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • County: MONTGOMERY-MD
  • Zoning: R30161301058244
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Scott Sachs , Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

T

Takoma Park Elementary School

7511 Holly Ave, Takoma Park, MD, 20912

Grades PK-2

0.74 miles away

T

Takoma Park Middle School

7611 Piney Branch Rd, Silver Spring, MD, 20910

Grades 6-8

0.79 miles away

M

Montgomery Blair High School

51 University Blvd E, Silver Spring, MD, 20901

Grades 9-12

2.52 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.