Top-Floor Two-Bedroom
For Sale
$228,000
10829 AMHERST AVENUE Unit F, Silver Spring, MD 20902
The garden-style community provides assigned parking, while the unit includes laundry hookups and a recently updated HVAC system.
Property Size588 SF
Price / SF$387.76
Days on Market30
Property Features for 10829 AMHERST AVENUE Unit F
General Information
Standard status
Active
Size
588 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,647
Amenities
in-unit laundry hookups
Building Details
Building Size
588 SF
Year Built
1983
Construction
garden-style
Listing Agency:
Independent Realty, Inc
Listed By:
xin chen · License #664753
(301) 633-8168
Source:
Jackrealtygroup
Added: Sep 29
Changed: Oct 27
Last Checked: Oct 26 at 3:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Independent Realty, Inc
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Investment Insights
Based on property information with market context.
This 588-square-foot, top-level condominium has two bedrooms and one bathroom. A vaulted ceiling adds volume to the living area, and the home includes laundry hookups and updated HVAC. The unit was built in 1983.
The Tiers at Wheaton is within walking distance of Wheaton Metro Station on the Red Line, Costco, and Westfield Wheaton. I-495 is also accessible by car. The community features assigned parking and shared common areas in a garden-style setting.
The Tiers at Wheaton is within walking distance of Wheaton Metro Station on the Red Line, Costco, and Westfield Wheaton. I-495 is also accessible by car. The community features assigned parking and shared common areas in a garden-style setting.
Key Highlights
- 588‑square‑foot, top‑floor condo with 2 bedrooms and 1 bathroom
- Vaulted ceiling and in‑unit laundry hookups
- Updated HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,709
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,180
$194.2K
Cap Rate 7%
$138,700
$138.7K
Cap Rate 9%
$107,878
$107.9K
Market Conditions
NOI Build-Up for 588 SF
Gross rent
$19.0K $32.28/SF
− Vacancy
−$1.3K −$2.26/SF
EGI
$17.7K $30.02/SF
− OpEx
−$7.9K −$13.51/SF
NOI
$9.7K $16.51/SF
Area
Montgomery County, MD
Vacancy
7.00%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,180
Cap Rate 7%
$138,700
Cap Rate 9%
$107,878
Alternative Uses
Best Use
Apartment 5plus
$138.7K
$121.4K – $161.8K
NOI $9,709 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$206.8K
$181.0K – $241.3K
NOI $14,479 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,846
Businesses Nearby
Explore this area
Business Placement
Demographics for 20902, MD
52,533
Population
18,759
Households
2.8
Avg Household Size
36
Median Age
47%
College-Educated
83%
High-School Grad
7.6 sq mi
ZIP Area
6,912
Density / Sq Mi
$111,408
Median Household Income
$49,887
Median Earnings
$2,088
Median Rent
$531,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The garden-style community provides assigned parking, while the unit includes laundry hookups and a recently updated HVAC system.
Where is this residential income property located?
The property is located at 10829 AMHERST AVENUE Unit F Silver Spring, MD.
What is the asking price?
The asking price for this property is $228,000.
What are key features of this property?
This property features: 588‑square‑foot, top‑floor condo with 2 bedrooms and 1 bathroom; Vaulted ceiling and in‑unit laundry hookups; Updated HVAC
