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    12220 Centerhill St Silver Spring, MD 20902

    View on Map
    Sponsored
    For Sale
    $599,000

    MULTI_FAMILY - Colonial - SILVER SPRING, MD

    Property size:
    1,246 SF
    Lot size:
    0.08 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 7 at 3:06 pm

    Property Features for 12220 Centerhill St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Dining Room
    Parking
    3
    Parking features
    Driveway
    Interior features
    Bathroom - Stall Shower, Bathroom - Tub Shower, Bar, Built-Ins, Ceiling Fan(s), Chair Railings, Combination Kitchen/Dining, Crown Moldings, Kitchenette, Recessed Lighting, Upgraded Countertops, Walk-in Closet(s), Wood Floors
    Appliances
    Dishwasher, Dryer, Dryer - Electric, Dryer - Front Loading, ENERGY STAR Refrigerator, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Stove, Washer, WaterHeater
    Size
    1,246 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Year built
    1950
    Number of units
    3
    Building materials
    Frame
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Jan Rivera

    CASAS Real Estate, Inc. (301) 340-0558

    Listing agent Jan Rivera (301) 717-9114 License #314567

    Listing date Mar 2, 2026

    MLS# MDMC2212256

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Silver Spring Colonial Multi-Family Property

    This multi-family property in Silver Spring, MD, presents a turnkey operation for investors and owner-occupants. The property features three units: a main house and two studio apartments. The zoning allows for two units to be licensed. The additional unit could be utilized as an office or storage space. Each studio apartment opens to a deck in the backyard, providing rental income. A balcony with French doors connects the main house's dining room to the rear deck, suitable for gatherings. The backyard includes a cabana with a fireplace. Inside the main house, the master suite features two walk-in closets and an electric fireplace. Upstairs, there are two linen closets and a bathroom with black and white ceramic tile. The kitchen, renovated between 2020 and 2021, includes granite countertops, stainless steel appliances, and upgraded cabinets. The living room, dining room, and kitchen have an open-concept layout. Blonde hardwood flooring was installed on the first floor in 2010. Around 2012, the unfinished basement was finished to include a snack bar in the bedroom area, two bedrooms (one with a walk-in closet), and a full bath with a ceramic shower stall. The rear of the first floor was partitioned to create a studio apartment with a bedroom, full bath with a ceramic shower, and a kitchenette. The property includes decorative built-in shelving, a wine glass holder above the snack bar, exterior lighting, a wrought iron gate, an apple tree, and a storage shed. The pitched roof was replaced 2 years ago, the hot water heater is 3 years old, and the furnace is 4 years old. The home has 3100 square feet of living space. It is located near a bus stop and within walking distance of the Glenmont and Wheaton metro stations, as well as Wheaton High School and Vocational School. The lot size is 0.08 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Silver Spring
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.06973
    Latitude
    39.05592

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    FAQs

    What type of property is this?
    Triplex - Turnkey multi-family property with income potential in Silver Spring, MD.
    Where is this triplex located?
    The property is located at 12220 Centerhill St Silver Spring, MD.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Turnkey multi-unit property with potential for high rental income: Two studio apartments currently generate over $2000/month each; main house could rent for high $2000's or low $3000's.; - Flexible usage options for investors or owner-occupants: Zoning allows for two rental units, with creative options for the third unit (office, storage).; - Recently renovated and well-maintained: Includes remodeled studios (2 years ago), renovated master bedroom (2012), new roof (2 years old), updated kitchen (2020-2021), and newer hot water heater (3 years old) and furnace (4 years old).
    (301) 717-9114
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    12220 Centerhill St Silver Spring, MD 20902
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    Silver Spring, MD 20902
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12220 Centerhill St Silver Spring, MD 20902
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    We can help!
    Listing Contact
    Jan Rivera
    Real Estate License ID: 314567
    (301) 717-9114 (301) 340-0558
    Learn more
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