Two-Bedroom Residential
For Sale
$230,000
1111 UNIVERSITY BOULEVARD W Unit 717-A, Silver Spring, MD 20902
This Silver Spring condominium offers two bedrooms, two full bathrooms, and access to bus stops outside the building.
Property Size1,026 SF
Price / SF$224.17
Days on Market41
Property Features for 1111 UNIVERSITY BOULEVARD W Unit 717-A
General Information
Standard status
Active
Size
1,026 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,832
Building Details
Building Size
1,026 SF
Year Built
1967
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 18
Changed: Oct 27
Last Checked: Oct 26 at 2:27PM
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 Jack Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in University Towers in Silver Spring, this condominium has 1,026 square feet, two bedrooms, and two full bathrooms. Built in 1967, the unit is identified as 717-A.
Ride On and Metrobus stops are in front of the building, and Wheaton Metro Station is approximately 1.5 miles away. The property is approximately 0.5 miles from pharmacies, restaurants, MVA services, and shopping. Costco, Target, Giant, and Westfield Wheaton are approximately 1.5 miles away. Sligo Creek Parkway and access to I-495 are also noted among nearby amenities and routes.
Ride On and Metrobus stops are in front of the building, and Wheaton Metro Station is approximately 1.5 miles away. The property is approximately 0.5 miles from pharmacies, restaurants, MVA services, and shopping. Costco, Target, Giant, and Westfield Wheaton are approximately 1.5 miles away. Sligo Creek Parkway and access to I-495 are also noted among nearby amenities and routes.
Key Highlights
- Two bedrooms and two full bathrooms
- 1,026 square feet in University Towers
- Ride On and Metrobus stops in front of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,941
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,820
$338.8K
Cap Rate 7%
$242,014
$242.0K
Cap Rate 9%
$188,233
$188.2K
Market Conditions
NOI Build-Up for 1,026 SF
Gross rent
$33.1K $32.28/SF
− Vacancy
−$2.3K −$2.26/SF
EGI
$30.8K $30.02/SF
− OpEx
−$13.9K −$13.51/SF
NOI
$16.9K $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%
$338,820
Cap Rate 7%
$242,014
Cap Rate 9%
$188,233
Alternative Uses
Best Use
Apartment 5plus
$242.0K
$211.8K – $282.4K
NOI $16,941 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$360.9K
$315.8K – $421.1K
NOI $25,265 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
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 - This Silver Spring condominium offers two bedrooms, two full bathrooms, and access to bus stops outside the building.
Where is this residential income property located?
The property is located at 1111 UNIVERSITY BOULEVARD W Unit 717-A Silver Spring, MD.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; 1,026 square feet in University Towers; Ride On and Metrobus stops in front of the building
