7201 CHESTNUT STREET
About This Property
Inside, you'll find a cozy wood-burning fireplace, formal dining room, enclosed side porch, and a traditional layout ready for your vision. The upper level includes a full bath, with a half bath on the main floor and a quarter bath in the walkout basement. Additional highlights include an attached 1-car garage, a fenced yard, and rare off-street parking- a highly coveted feature in this area where street parking can be limited on narrow streets. Major system updates include a 2024 hot water heater and 2017 gas furnace.
The community is known for its neighborly spirit, active listserv, seasonal events, and local perks. Just one block away, enjoy beloved local favorites including La Ferme, Olympia Cafe, Brookville Market, Brookville Pharmacy, a barber shop, and more. With the DC line less than a mile away and easy access to bus routes and commuter corridors, it's a dream location for getting around town. Outdoor lovers will appreciate nearby Chevy Chase Local Park with its baseball field, tennis court, playground, and open space for all ages.
Sold strictly as-is, this home is a rare opportunity to restore, reimagine, or renovate in one of Chevy Chase's most cherished neighborhoods. Whether you're an investor, renovator, or a buyer with a vision, this is your chance to bring new life to a classic.
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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%.
How much can I actually make?
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 |
|---|---|---|---|
| Oct 23, 2025 | Sold | ||
| Sold | |||
| Sep 27, 2025 | In contract | - | |
| In contract | |||
| Sep 2, 2025 | Price Decreased |
$1,000,000
↓ $300K
(23.1%) | |
| Price Decreased | |||
| Jul 17, 2025 | Listed by RLAH @properties | $1,300,000 | |
| Listed by RLAH @properties | |||
| Jul 11, 2025 | Price Change | $1,250,000 | |
| Price Change | |||
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About Chevy Chase
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017