Residential Income
For Sale
$400,000
1201 E WEST HIGHWAY Unit 209, Silver Spring, MD 20910
An open-plan residence features stainless steel kitchen appliances and assigned parking.
Property Size1,132 SF
Price / SF$353.36
Days on Market79
Property Features for 1201 E WEST HIGHWAY Unit 209
General Information
Standard status
Active
Size
1,132 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,283
Building Details
Building Size
1,132 SF
Year Built
2006
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Aug 12
Changed: Oct 28
Last Checked: Oct 26 at 1:26PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1,132-square-foot condominium residence in the Silverton community was built in 2006. Its open layout connects the living areas, while the kitchen includes stainless steel appliances, countertop workspace, and cabinetry. The unit also has assigned parking.
The property is in Silver Spring, with connections to the Silver Spring Metro Station and MARC train service. Downtown Silver Spring destinations include Ellsworth Place, The Fillmore Silver Spring, and the Silver Spring Civic Building. Sligo Creek Park and Rock Creek Park are also nearby.
The property is in Silver Spring, with connections to the Silver Spring Metro Station and MARC train service. Downtown Silver Spring destinations include Ellsworth Place, The Fillmore Silver Spring, and the Silver Spring Civic Building. Sligo Creek Park and Rock Creek Park are also nearby.
Key Highlights
- 1,132‑square‑foot condominium residence
- Built in 2006
- Open‑plan layout with stainless steel kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,691
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,820
$373.8K
Cap Rate 7%
$267,014
$267.0K
Cap Rate 9%
$207,678
$207.7K
Market Conditions
NOI Build-Up for 1,132 SF
Gross rent
$36.5K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.0K $30.02/SF
− OpEx
−$15.3K −$13.51/SF
NOI
$18.7K $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%
$373,820
Cap Rate 7%
$267,014
Cap Rate 9%
$207,678
Alternative Uses
Best Use
Apartment 5plus
$267.0K
$233.6K – $311.5K
NOI $18,691 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$398.2K
$348.4K – $464.6K
NOI $27,875 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,422
Businesses Nearby
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Business Placement
Demographics for 20910, MD
45,610
Population
23,209
Households
2
Avg Household Size
36
Median Age
74%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
9,915
Density / Sq Mi
$107,994
Median Household Income
$70,022
Median Earnings
$1,992
Median Rent
$690,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An open-plan residence features stainless steel kitchen appliances and assigned parking.
Where is this residential income property located?
The property is located at 1201 E WEST HIGHWAY Unit 209 Silver Spring, MD.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,132‑square‑foot condominium residence; Built in 2006; Open‑plan layout with stainless steel kitchen appliances
