5516 CEDAR PARKWAY
About This Property
Featuring a formal foyer, an expansive living room with a fireplace and access to a side screened-in porch, along with a table space kitchen that opens to the sun-filled dining room. The porch creates superb flow to the rear patio and yard with mature landscaping and idyllic stone walkways throughout the property - ideal for dining al fresco and entertaining. A handsome study with arched built-ins and a tucked-away powder room complete the main floor of the residence.
On the second level, the spacious primary bedroom includes a walk-in closet and an en suite bath. There are three more sizable bedrooms with large windows, plus a full hall bath, as well as a separate, private office / fifth bedroom with an en suite full bath. The fully-floored, finished third level provides another bedroom and a bonus room.
The large basement level creates a wonderful finishing opportunity and currently has laundry and on-grade garage access. The two-car garage is also conveniently connected to the kitchen, and there is a private driveway for off-street parking and play.
5516 Cedar Parkway delivers incredible convenience with Friendship Heights Metro and other public transportation, local parks, shopping, and restaurants, along with the additional amenities offered from Chevy Chase Village.
Chevy Chase Village is an historic community of 720 homes on just under half a square mile in the southern section of Montgomery County, Maryland. The original streetcar suburb to the Nation's Capital, Chevy Chase Village borders the District of Columbia. The Village's tree-lined streets, brick sidewalks, open parks, and centrally located Village Hall combine with walking-distance access to public transportation, shopping, restaurants, and theaters to offer the best of urban and suburban living. Chevy Chase Village operates a private police force, town manager, and additional services.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 17, 2025 | Sold | ||
| Sold | |||
| Oct 17, 2025 | Listed by Compass | $1,695,000 | |
| Listed by Compass | |||
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About Chevy Chase
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017