USAMDTakoma ParkTakoma Park700 Chaney Dr
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700 Chaney Dr, TAKOMA PARK, MD

Real Estate

For Sale

Listed price in listed location currency (USD).
$575,000

000

MLS® MDMC2223176

Open House
Sat Mar 28, 3:00-5:00 PM UTC
  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 3500 sqft
Garage No
HOA Fees 
Taxes $8,509
Days Active 5
Approx. Age 1937
Avg. Price Per Sqft $164
MLS® Number MDMC2223176

Property Address: 700 Chaney Dr, TAKOMA PARK, MD, 20912-6365

Average square foot calculated using Size range provided by listing agent.

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!
MLS® NumberMDMC2223176
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1937
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 20, 2026List Date
$575,000List Price
  • Commute

Commute

Starting Address
Destination Address
700 Chaney Dr, TAKOMA PARK, MD

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