Three-Unit Triplex with
746 THAYER Avenue Silver Spring, MD 20910
For Sale
$1,100,000
MULTI_FAMILY - Bungalow - SILVER SPRING, MD
Property Size2,788 SF
Lot Size0.25 Acres
Price / SF$394.55
Days on Market96
Property Features for 746 THAYER Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 5
- Parking features
- Driveway
- Fireplace
- 1
- Standard status
- Active
- Size
- 2,788 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10820
Utilities
- Heating system
- Other (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1922
- Number of units
- 3
- Building materials
- Brick
- Architectural style
- Bungalow
Listing Agency:
Coldwell Banker Realty - Washington
(202) 387-6180
Listed By:
Harry N Dunstan III · License #SP98373104
(240) 731-5562
Added: Apr 21
Changed: Jun 17
Last Checked: Jul 25 at 11:06AM
MLS# MDMC2223254
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.
Investment Insights
Based on property information with market context.
This three-unit triplex includes a combination of unit types and layouts. The main level (Unit 1) offers 3 bedrooms and 2 baths, with bay window, arched doorways, coved ceilings, a restored original fireplace, hardwood floors, and a sunroom. Unit 2 is an upstairs loft with 3 bedrooms and 1 bath. Unit 3 is a lower-level 1-bedroom, 1-bath configuration. The property is presented as a fully occupied, registered rental with Montgomery County.
The building sits on an approximately 11,000 square foot lot (0.2527 acres) and includes parking for up to five vehicles. Public remarks describe the setting as close to the Metro, along with nearby shops and restaurants, supported by a stated 96 Walk Score.
For investors and owner-operators, the mix of unit sizes supports multiple leasing options while keeping all three units under the same roof. The property is currently fully occupied with tenant retention described in the remarks. The deep lot size also offers potential for an ADU or future expansion, providing flexibility for long-term use planning while maintaining the existing income-producing rental configuration.
The building sits on an approximately 11,000 square foot lot (0.2527 acres) and includes parking for up to five vehicles. Public remarks describe the setting as close to the Metro, along with nearby shops and restaurants, supported by a stated 96 Walk Score.
For investors and owner-operators, the mix of unit sizes supports multiple leasing options while keeping all three units under the same roof. The property is currently fully occupied with tenant retention described in the remarks. The deep lot size also offers potential for an ADU or future expansion, providing flexibility for long-term use planning while maintaining the existing income-producing rental configuration.
Key Highlights
- Triplex generating $91,200 in gross annual income.
- Located steps from the Metro, shops, and restaurants with an impressive 96 Walk Score.
- Large 11,000 sq ft lot with potential for ADU or expansion.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.0k | $29.04 |
| − Vacancy | −$5.4k | −$1.93 |
| EGI | $75.6k | $27.11 |
| − OpEx | −$22.7k | −$8.13 |
| NOI | $52.9k | $18.98 |
2,788 SF · lease $29.04/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$755.8K
$661.3K – $881.8K
NOI $52,906 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$657.6K
$575.4K – $767.2K
NOI $46,033 @ 7.0% cap · market cap 4.18%
Theoretical Best
Specialty Retail
$980.8K
$858.2K – $1.14M
NOI $68,653 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three fully occupied rental units with on-site parking and room for future expansion on a deep lot.
Where is this triplex located?
The property is located at 746 THAYER Avenue Silver Spring, MD.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Triplex generating $91,200 in gross annual income.; Located steps from the Metro, shops, and restaurants with an impressive 96 Walk Score.; Large 11,000 sq ft lot with potential for ADU or expansion.
