Updated One-Bedroom Residential Income
For Sale
$159,000
1121 UNIVERSITY BOULEVARD W Unit 1111-B, Silver Spring, MD 20902
The condominium includes a refreshed kitchen and bath, custom living-room built-ins, and access to shared building amenities.
Property Size776 SF
Price / SF$204.90
Days on Market24
Property Features for 1121 UNIVERSITY BOULEVARD W Unit 1111-B
General Information
Standard status
Active
Size
776 SF
Elevators
Yes
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
$1,796
Amenities
outdoor pool
tennis courts
party room
laundry room
electric car chargers
Building Details
Building Size
776 SF
Year Built
1967
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 6
Changed: Oct 27
Last Checked: Oct 27 at 3:22AM
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
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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 776 SF one-bedroom, one-bath condominium at University Towers has an open living and dining area with oversized windows. Recent interior improvements include new flooring, fresh paint, custom built-ins, an updated bathroom, and a renovated kitchen with white cabinetry and granite counters.
Building amenities include an outdoor pool, tennis courts, a party room, a lower-level laundry room, electric vehicle chargers, and elevators. The condominium fee covers electricity, heat, air conditioning, gas, and water. Shopping, dining, parks, and public transportation are nearby.
Building amenities include an outdoor pool, tennis courts, a party room, a lower-level laundry room, electric vehicle chargers, and elevators. The condominium fee covers electricity, heat, air conditioning, gas, and water. Shopping, dining, parks, and public transportation are nearby.
Key Highlights
- 776 SF one‑bedroom, one‑bath condominium
- Renovated kitchen with white cabinetry and granite counters
- Updated bath, new flooring, fresh paint, and custom living‑area built‑ins
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,813
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,260
$256.3K
Cap Rate 7%
$183,043
$183.0K
Cap Rate 9%
$142,367
$142.4K
Market Conditions
NOI Build-Up for 776 SF
Gross rent
$25.0K $32.28/SF
− Vacancy
−$1.8K −$2.26/SF
EGI
$23.3K $30.02/SF
− OpEx
−$10.5K −$13.51/SF
NOI
$12.8K $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%
$256,260
Cap Rate 7%
$183,043
Cap Rate 9%
$142,367
Alternative Uses
Best Use
Apartment 5plus
$183.0K
$160.2K – $213.6K
NOI $12,813 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$273.0K
$238.9K – $318.5K
NOI $19,109 @ 7.0% cap · market cap 12.02%
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 condominium includes a refreshed kitchen and bath, custom living-room built-ins, and access to shared building amenities.
Where is this residential income property located?
The property is located at 1121 UNIVERSITY BOULEVARD W Unit 1111-B Silver Spring, MD.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: 776 SF one‑bedroom, one‑bath condominium; Renovated kitchen with white cabinetry and granite counters; Updated bath, new flooring, fresh paint, and custom living‑area built‑ins
