Two-Bedroom Residential
For Sale
$415,000
1201 E WEST HIGHWAY Unit 237, Silver Spring, MD 20910
The unit combines assigned same-level garage parking with shared fitness, recreation, and pool amenities.
Property Size1,137 SF
Price / SF$364
Days on Market13
Property Features for 1201 E WEST HIGHWAY Unit 237
General Information
Standard status
Active
Size
1,137 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,353
Amenities
Juliet balcony
granite countertops
stainless steel appliances
center island
in-unit washer/dryer
outdoor swimming pool
fitness center
recreation room
Building Details
Building Size
1,137 SF
Year Built
2006
Listing Agency:
Compass
Listed By:
Daniel Ross Lowery · License #5016974
(240) 261-8805
Source:
Exqrealestate
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 27 at 3:58AM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,137-square-foot condominium has two bedrooms and was built in 2006. The living and dining areas connect to a Juliet balcony, while the kitchen includes granite counters, stainless steel appliances, cabinetry, and an island with breakfast-bar seating. An in-unit washer and dryer are also included. Updates include a replacement HVAC system installed in November 2025, new ceiling fans and overhead lighting in 2025, and a kitchen faucet, pendant lights, and garbage disposal added in 2026.
Assigned garage parking is on the same level as the unit. Silverton residents have access to an outdoor pool, fitness center, and recreation room; water is included in the condominium fee. The property is near Silver Spring Metro and MARC stations, restaurants, shops, entertainment, and neighborhood parks.
Assigned garage parking is on the same level as the unit. Silverton residents have access to an outdoor pool, fitness center, and recreation room; water is included in the condominium fee. The property is near Silver Spring Metro and MARC stations, restaurants, shops, entertainment, and neighborhood parks.
Key Highlights
- Two‑bedroom condominium with 1,137 square feet of living area
- Built in 2006
- Assigned garage parking on the unit's level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,773
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,460
$375.5K
Cap Rate 7%
$268,186
$268.2K
Cap Rate 9%
$208,589
$208.6K
Market Conditions
NOI Build-Up for 1,137 SF
Gross rent
$36.7K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.1K $30.02/SF
− OpEx
−$15.4K −$13.51/SF
NOI
$18.8K $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%
$375,460
Cap Rate 7%
$268,186
Cap Rate 9%
$208,589
Alternative Uses
Best Use
Apartment 5plus
$268.2K
$234.7K – $312.9K
NOI $18,773 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$400.0K
$350.0K – $466.6K
NOI $27,998 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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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 - The unit combines assigned same-level garage parking with shared fitness, recreation, and pool amenities.
Where is this residential income property located?
The property is located at 1201 E WEST HIGHWAY Unit 237 Silver Spring, MD.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two‑bedroom condominium with 1,137 square feet of living area; Built in 2006; Assigned garage parking on the unit's level
