SQUARE FEET3,500
MLS#MDMC2223176
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONTAKOMA PARK
SCHOOLMONTGOMERY COUNTY PUBLIC SCHOOLS
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!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Radiator
Home Style: Traditional
Lot Size: 0.18 Acres
Taxes: $8,509
Year Built: 1937
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Lot Dimensions: 0.18 Acre(S)
Municipality: City of Takoma Park
Sewer: Public Sewer
Structure Type: Detached
Studio Efficiency Units: 4
Two Bedroom Units: 1
Units: 4
Water: Public
Local Schools
High School: MONTGOMERY BLAIR
Middle School: TAKOMA PARK
Elementary School: TAKOMA PARK
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Compass
Agency Phone: 3012981001
Shown By
Agent Name: Gretchen Raad
Agent Phone: (717) 629-8669
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 2,156.49 per month $1,279.70 Principal & Interest $709.08 Property Tax $167.71 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
700 A Chaney Drive | MLS# MDMC2223176
This multi-family property located at 700 A Chaney Drive , Takoma Park, MD 20912 is currently listed for sale with an asking price of $575,000. A Chaney Drive is located within the MONTGOMERY COUNTY PUBLIC SCHOOLS school district. Search Takoma Park real estate on www.gretchenraad.com today.