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700 Chaney Dr
For Sale $549,000 ($156.86 per Sq Ft)
$549,000 ($156.86 per Sq Ft)
- 4 Units
- 3,500 Sq Ft
- 7,653 Sq Ft
- Unknown Cap Rate
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $549,000 |
| Property Type | Other |
| Usable Sqft | 3,500 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1937 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 161301058244 |
| MLS # | MDMC2223176 |
| Property ID | 322690563 |
| Lot Sqft | 7,653 |
| Zoning | R30 |
| Total Units | 4 |
| Days on Market | 47 |
| Original List Price | Unknown |
| Date Updated | April 30, 2026 |
| Date Created | March 19, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Scott Sachs an agent of . Lic #601998
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Data last updated: May 05, 2026.
Robert Crawford
REAL ESTATE AGENT