Detached Quadplex with
For Sale
$710,000
805 HOUSTON Avenue, Takoma Park, MD 20912
Multi-Family, TAKOMA PARK, MD
Property Size2,100 SF
Lot Size0.14 Acres
Price / SF$338.10
Days on Market9
Property Features for 805 HOUSTON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Driveway
Elementary school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Middle school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
High school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
2,100 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
8491
Utilities
Heating system
Forced Air
Amenities
shared laundry/utility area
Building Details
Year built
1939
Number of units
4
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Smart Realty, LLC
(301) 445-1395
Listed By:
Sandra L Peralta · License #665157
(240) 351-5915
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 29 at 5:06PM
MLS# MDMC2252304
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 detached four-unit Colonial multifamily property was built in 1939 and measures approximately 2,100 square feet, based on an estimate. Brick construction, forced-air heating, and driveway parking serve the property. The unfinished basement contains shared laundry and utility space, while the units have separate utility metering except for water.
The property includes 3 occupied units and 1 vacant unit. It sits on a 5,922-square-foot lot measuring approximately 0.14 acres. Located at 805 Houston Avenue in Takoma Park, Maryland, the property is offered as-is, with showings by appointment and tenant privacy requirements.
The property includes 3 occupied units and 1 vacant unit. It sits on a 5,922-square-foot lot measuring approximately 0.14 acres. Located at 805 Houston Avenue in Takoma Park, Maryland, the property is offered as-is, with showings by appointment and tenant privacy requirements.
Key Highlights
- Four‑unit detached multifamily property with 3 occupied units and 1 vacant unit
- Approximately 2,100 square feet, estimated
- Unfinished basement with shared laundry and utility area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,850
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$797,000
$797.0K
Cap Rate 7%
$569,286
$569.3K
Cap Rate 9%
$442,778
$442.8K
Market Conditions
NOI Build-Up for 2,100 SF
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.
Gross rent
$61.0K $29.04/SF
− Vacancy
−$4.1K −$1.93/SF
EGI
$56.9K $27.11/SF
− OpEx
−$17.1K −$8.13/SF
NOI
$39.8K $18.98/SF
Area
Montgomery County, MD
Vacancy
6.65%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$797,000
Cap Rate 7%
$569,286
Cap Rate 9%
$442,778
Alternative Uses
Best Use
Multifamily LT 5
$569.3K
$498.1K – $664.2K
NOI $39,850 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$495.3K
$433.4K – $577.9K
NOI $34,674 @ 7.0% cap · market cap 4.88%
Theoretical Best
Specialty Retail
$738.7K
$646.4K – $861.9K
NOI $51,711 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,115
Businesses Nearby
Explore this area
Business Placement
Demographics for 20912, MD
25,463
Population
10,140
Households
2.5
Avg Household Size
38
Median Age
51%
College-Educated
86%
High-School Grad
2.7 sq mi
ZIP Area
9,431
Density / Sq Mi
$82,097
Median Household Income
$48,447
Median Earnings
$1,452
Median Rent
$671,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Brick Colonial featuring driveway parking, shared laundry, and separately metered utilities other than water.
Where is this quadplex located?
The property is located at 805 HOUSTON Avenue Takoma Park, MD.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Four‑unit detached multifamily property with 3 occupied units and 1 vacant unit; Approximately 2,100 square feet, estimated; Unfinished basement with shared laundry and utility area
