One-Bedroom Condominium with
For Sale
$189,000
1220 BLAIR MILL ROAD Unit 101, Silver Spring, MD 20910
A dedicated parking space, in-unit laundry, and access to a fitness center add practical convenience.
Property Size848 SF
Price / SF$222.88
Days on Market38
Property Features for 1220 BLAIR MILL ROAD Unit 101
General Information
Standard status
Active
Size
848 SF
Total Parking Spaces
1
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
$2,638
Amenities
outdoor pool
fitness center
community rooms
in-unit laundry
Building Details
Building Size
848 SF
Year Built
1968
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 21
Changed: Oct 27
Last Checked: Oct 26 at 4:07PM
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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Investment Insights
Based on property information with market context.
This 848-square-foot condominium includes one bedroom, one full bathroom, and an open living area with a large picture window. The dining area connects to an updated kitchen with stainless steel appliances, granite counters, and ample cabinetry. New flooring extends throughout, and the unit also has a washer-dryer, linen storage, and two bedroom closets. A parking space is included. The building dates to 1968.
Residents have access to an outdoor pool, fitness center, and community rooms. The condo fee covers major utilities. Blair Park Shopping Center, downtown Silver Spring, The Fillmore, AFI Silver Theatre, Whole Foods, restaurants, and Metro are among the area destinations identified for the property.
Residents have access to an outdoor pool, fitness center, and community rooms. The condo fee covers major utilities. Blair Park Shopping Center, downtown Silver Spring, The Fillmore, AFI Silver Theatre, Whole Foods, restaurants, and Metro are among the area destinations identified for the property.
Key Highlights
- 848‑square‑foot condominium with one bedroom and one full bathroom
- Updated kitchen with stainless steel appliances and granite countertops
- In‑unit washer‑dryer and two bedroom closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,002
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,040
$280.0K
Cap Rate 7%
$200,029
$200.0K
Cap Rate 9%
$155,578
$155.6K
Market Conditions
NOI Build-Up for 848 SF
Gross rent
$27.4K $32.28/SF
− Vacancy
−$1.9K −$2.26/SF
EGI
$25.5K $30.02/SF
− OpEx
−$11.5K −$13.51/SF
NOI
$14.0K $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%
$280,040
Cap Rate 7%
$200,029
Cap Rate 9%
$155,578
Alternative Uses
Best Use
Apartment 5plus
$200.0K
$175.0K – $233.4K
NOI $14,002 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$298.3K
$261.0K – $348.0K
NOI $20,881 @ 7.0% cap · market cap 11.05%
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
4,324
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 - A dedicated parking space, in-unit laundry, and access to a fitness center add practical convenience.
Where is this residential income property located?
The property is located at 1220 BLAIR MILL ROAD Unit 101 Silver Spring, MD.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 848‑square‑foot condominium with one bedroom and one full bathroom; Updated kitchen with stainless steel appliances and granite countertops; In‑unit washer‑dryer and two bedroom closets
