Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1937
Sq.Footage
N/A
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!
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Other
-
Parking
Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.18
-
Property Type
Commercial Sale
Price
-
Sales Price
$575,000
-
Tax Amount
$8,509
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
TAKOMA PARK
-
Middle School
TAKOMA PARK
-
High School
MONTGOMERY BLAIR
Property Features
-
Foundation Details
Other
-
Sewer
Public Sewer
-
Tax Lot
P25
-
Water Source
Public
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Location
County
MONTGOMERY
Elementary School
TAKOMA PARK
Middle School
TAKOMA PARK
High School
MONTGOMERY BLAIR
Listing Courtesy of Scott Sachs , Compass
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AGENT
Blake Haegele
Call Blake today to schedule a private showing.
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