University Blvd Multifamily Investment
For Sale
$2,900,000
1021 University Blvd E, Silver Spring, MD 20903
Six updated units near Purple Line stop with income potential.
Property SizeContact for details
Days on Market541
Property Features for 1021 University Blvd E
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$20,164
Building Details
Year Built
1954
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES PENFED REALTY
Listed By:
STACIE HATZIYANNIS · License #SP101472
(301) 928-7465
Source:
Corcoran
Added: May 8, 2025
Changed: Mar 16
Last Checked: Apr 12 at 7:51PM
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 BERKSHIRE HATHAWAY HOMESERVICES PENFED REALTY
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Investment Insights
Based on property information with market context.
This freestanding brick building offers an investment opportunity with six updated units, all currently occupied by long-standing tenants. The property is located on University Blvd, near the planned Purple Line stop, slated to open in Fall 2027. A parking lot wraps around the building to the side street. The property includes a permitted food truck, which generates additional income. The building features separately metered, heavy-upped electrical systems.
Key Highlights
- Prime location on University Blvd at future Purple Line stop (slated to open Fall 2027).
- Six updated units with long‑standing tenants.
- Freestanding brick building with a parking lot.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,584
Businesses Nearby
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Business Placement
Demographics for 20903, MD
24,103
Population
7,471
Households
3.2
Avg Household Size
33
Median Age
26%
College-Educated
66%
High-School Grad
3.4 sq mi
ZIP Area
7,089
Density / Sq Mi
$77,349
Median Household Income
$34,318
Median Earnings
$1,831
Median Rent
$467,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Six updated units near Purple Line stop with income potential.
Where is this apartment building located?
The property is located at 1021 University Blvd E Silver Spring, MD.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Prime location on University Blvd at future Purple Line stop (slated to open Fall 2027).; Six updated units with long‑standing tenants.; Freestanding brick building with a parking lot.
