One-Bedroom Condominium with
For Sale
$175,000
1111 UNIVERSITY BOULEVARD W Unit 714, Silver Spring, MD 20902
The unit combines an eat-in kitchen with building amenities and a condo fee that covers utilities.
Property Size765 SF
Price / SF$228.76
Days on Market41
Property Features for 1111 UNIVERSITY BOULEVARD W Unit 714
General Information
Standard status
Active
Size
765 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,990
Amenities
outdoor swimming pool
tennis courts
party room
secured building access
on-site lobby receptionist
Building Details
Building Size
765 SF
Year Built
1967
Listing Agency:
Weichert, REALTORS
Listed By:
Sonia P Benperlas · License #615511
(202) 538-3014
Source:
Jackrealtygroup
Added: Sep 18
Changed: Oct 27
Last Checked: Oct 26 at 3:48PM
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 Weichert, REALTORS
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.
This 765-square-foot condominium has one bedroom, one bathroom, and an eat-in kitchen with granite countertops, cabinetry, tile backsplash, and tile flooring. Luxury vinyl plank flooring extends through the residence, which was freshly painted. The building dates to 1967.
Resident amenities include an outdoor pool, tennis courts, a party room, secured entry, and a lobby receptionist. The condo fee includes utilities. Shopping, restaurants, Metro, public transportation, and Sligo Creek Park are nearby.
Resident amenities include an outdoor pool, tennis courts, a party room, secured entry, and a lobby receptionist. The condo fee includes utilities. Shopping, restaurants, Metro, public transportation, and Sligo Creek Park are nearby.
Key Highlights
- 765‑square‑foot condominium with one bedroom and one bathroom
- Eat‑in kitchen with granite countertops, cabinetry, tile backsplash, and tile flooring
- Luxury vinyl plank flooring and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,631
Cap Rate
7.22%
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 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$269.1K
$235.5K – $314.0K
NOI $18,838 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
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 unit combines an eat-in kitchen with building amenities and a condo fee that covers utilities.
Where is this residential income property located?
The property is located at 1111 UNIVERSITY BOULEVARD W Unit 714 Silver Spring, MD.
What is the asking price?
The asking price for this property is $175,000.
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, cabinetry, tile backsplash, and tile flooring; Luxury vinyl plank flooring and fresh paint
