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Back 700 Chaney Dr
Off Market

700 Chaney Dr

Takoma Park MD 20912

2
3500 sq. ft.
7653 sq. ft.
Multi-Family
Last sold for $530,000
Scott SachsScott Sachs, last sold this property on 29 June 2026 after 100 days on market.

Overview

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.

Features

2 bedrooms
3500 sq. ft. floor area
7653 sq. ft. lot size
Multi-Family

Estimated Value

We need at least 3 similar 2 bedroom multi families sold in Takoma Park over the last 12 months.

Property history for 700 Chaney Dr

2026
Sold
$530,000
29 Jun 2026 by Scott Sachs, of Compass
2018
Sold
$475,000
15 Dec 2018 by John Halpin, of REMAX Premiere Selections | Rockville
2012
Sold
$359,000
02 May 2012

Happy sellers in Takoma Park

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We have insufficient information to provide an overview of customer satisfaction for Takoma Park. Viewing the agent profiles, reviews and sales for Takoma Park can provide insights for this location.

Local market activity for 2 bedroom multi families in Takoma Park

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Takoma Park

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Judith Kogod Colwell

Judith Kogod Colwell is a recommended agent for Takoma Park.  They have 7 local sales and collected 1 local review across the last 12 months.

  •   4.8   (4 reviews)
  •  1 Review in Takoma Park
  •  7 Sales in Takoma Park
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Joe Smith

Sellers who recommend Joe Smith have praised them for being clear communication, local expert, supportive, responsive, dedicated, empathetic, and well-prepared

  •   5   (164 reviews)
  •  1 Review in Takoma Park
  •  1 Sale in Takoma Park
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Leslie Carter

Sellers who recommend Leslie Carter have praised them for being local expert, supportive, clear communication, dedicated, reliable, responsive, and well-prepared

  •   5   (43 reviews)
  •  1 Review in Takoma Park
  •  1 Sale in Takoma Park
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Marci Wasserman

Marci Wasserman is a recommended agent for Takoma Park.  They have 5 local sales across the last 12 months.

  •  5 Sales in Takoma Park
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