Four-Unit Multifamily
8208 GREENWOOD Avenue Takoma Park, MD 20912
New
8208 GREENWOOD Avenue, Takoma Park, MD, 20912
$800,000
For Sale
$800,000
MULTI_FAMILY - Bungalow - TAKOMA PARK, MD
Property Size3,000 SF
Lot Size0.18 Acres
Price / SF$266.67
Days on Market2
Property Features for 8208 GREENWOOD Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room, Basement
- Parking features
- On Street
- Interior features
- Combination Kitchen/Dining
- Fireplace
- 1
- Standard status
- Active
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7580
Utilities
- Heating system
- Hot Water(Heating), Other (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1921
- Number of units
- 4
- Building materials
- Vinyl Siding
- Architectural style
- Bungalow
Listing agency
Samson Properties
(240) 630-8689
Listed by
Lily Y. Chang · License #612051
(240) 938-6614
Added: Jul 22 Checked: Jul 23 at 8:06AM
MLS# MDMC2247024
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 well-maintained bungalow-style multifamily property contains four fully occupied apartments. The unit mix includes one 3BR/2BA unit, one 2BR/1BA unit, and two 1BR/1BA units. Common areas include a laundry facility and storage.
The property is located just outside the City of Takoma Park boundary in Montgomery County, Maryland. The current offering notes the building is exempt from extra city taxes and rent control.
Additional financial details, including the rent roll and operating expenses, are available upon request after visiting the property.
The property is located just outside the City of Takoma Park boundary in Montgomery County, Maryland. The current offering notes the building is exempt from extra city taxes and rent control.
Additional financial details, including the rent roll and operating expenses, are available upon request after visiting the property.
Key Highlights
- Four fully occupied units: 1 unit with 3BR/2BA, 1 unit with 2BR/1BA, and 2 units with 1BR/1BA
- Bungalow‑style building built in 1921
- Heating includes other (heating) and hot water; cooling with window unit(s)
Local 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 | $87.1k | $29.04 |
| − Vacancy | −$5.8k | −$1.93 |
| EGI | $81.3k | $27.11 |
| − OpEx | −$24.4k | −$8.13 |
| NOI | $56.9k | $18.98 |
3,000 SF · lease $29.04/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$813.3K
$711.6K – $948.8K
NOI $56,929 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$707.6K
$619.2K – $825.6K
NOI $49,534 @ 7.0% cap · market cap 6.19%
Theoretical Best
Specialty Retail
$1.06M
$923.4K – $1.23M
NOI $73,873 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained four-unit bungalow offering fully occupied apartments with on-site laundry and storage common areas.
Where is this quadplex located?
The property is located at 8208 GREENWOOD Avenue Takoma Park, MD.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Four fully occupied units: 1 unit with 3BR/2BA, 1 unit with 2BR/1BA, and 2 units with 1BR/1BA; Bungalow‑style building built in 1921; Heating includes other (heating) and hot water; cooling with window unit(s)
