RateMyAgentGo to search
Back 700 Chaney Dr
Active

700 Chaney Dr

Takoma Park MD 20912

2
3500 sq. ft.
7653 sq. ft.
Other
Currently for sale - view listing

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
Other

Property history for 700 Chaney Dr

2018
Sold
$475,000
15 Dec 2018 by John Halpin, of RE/MAX Premiere Selections
2012
Sold
$359,000
02 May 2012

Happy sellers in Takoma Park

~%

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 other properties in Takoma Park

RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap