1-Bedroom
For Sale
$169,000
1111 UNIVERSITY BOULEVARD W Unit 1114-A, Silver Spring, MD 20902
The residence combines an eat-in kitchen, an oversized bedroom closet, and building amenities including a pool and tennis courts.
Property Size765 SF
Price / SF$220.92
Days on Market106
Property Features for 1111 UNIVERSITY BOULEVARD W Unit 1114-A
General Information
Standard status
Active
Size
765 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,672
Amenities
outdoor swimming pool
tennis courts
party room
secured building access
on-site lobby receptionist
beautifully maintained common areas
Building Details
Building Size
765 SF
Year Built
1967
Listing Agency:
Compass
Listed By:
District Property Group
(202) 286-1658
Source:
Districtpropertygroup
Added: Jul 15
Changed: Oct 27
Last Checked: Oct 27 at 3:19AM
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 Compass
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 765-square-foot condominium has one bedroom and one bathroom. Its eat-in kitchen features granite countertops, tile flooring, a tile backsplash, and ample cabinetry. Luxury vinyl plank flooring extends through the residence, which has also been freshly painted. The bedroom includes an oversized closet, and the unit was built in 1967. The condo fee covers all utilities.
Building amenities include an outdoor swimming pool, tennis courts, a party room, secured access, and an on-site lobby receptionist. Sligo Creek Park is within walking distance, with trails, playgrounds, and picnic areas. Shopping, restaurants, public transportation, schools, recreational facilities, and major commuter routes are also identified in the surrounding area.
Building amenities include an outdoor swimming pool, tennis courts, a party room, secured access, and an on-site lobby receptionist. Sligo Creek Park is within walking distance, with trails, playgrounds, and picnic areas. Shopping, restaurants, public transportation, schools, recreational facilities, and major commuter routes are also identified in the surrounding area.
Key Highlights
- 765‑square‑foot condominium with one bedroom and one bathroom
- Eat‑in kitchen with granite countertops, tile backsplash, tile flooring, and ample cabinetry
- Luxury vinyl plank flooring throughout; freshly painted interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,631
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,620
$252.6K
Cap Rate 7%
$180,443
$180.4K
Cap Rate 9%
$140,344
$140.3K
Market Conditions
NOI Build-Up for 765 SF
Gross rent
$24.7K $32.28/SF
− Vacancy
−$1.7K −$2.26/SF
EGI
$23.0K $30.02/SF
− OpEx
−$10.3K −$13.51/SF
NOI
$12.6K $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%
$252,620
Cap Rate 7%
$180,443
Cap Rate 9%
$140,344
Alternative Uses
Best Use
Apartment 5plus
$180.4K
$157.9K – $210.5K
NOI $12,631 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$269.1K
$235.5K – $314.0K
NOI $18,838 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
460
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
Frequently Asked Questions
What type of property is this?
Residential income property - The residence combines an eat-in kitchen, an oversized bedroom closet, and building amenities including a pool and tennis courts.
Where is this residential income property located?
The property is located at 1111 UNIVERSITY BOULEVARD W Unit 1114-A Silver Spring, MD.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 765‑square‑foot condominium with one bedroom and one bathroom; Eat‑in kitchen with granite countertops, tile backsplash, tile flooring, and ample cabinetry; Luxury vinyl plank flooring throughout; freshly painted interior
