Residential Income Property with
For Sale
$219,000
1220 BLAIR MILL ROAD Unit 210, Silver Spring, MD 20910
An updated corner residence pairs a private outdoor space with building amenities and utilities covered by the condo fee.
Property Size820 SF
Price / SF$267.07
Days on Market122
Property Features for 1220 BLAIR MILL ROAD Unit 210
General Information
Standard status
Active
Size
820 SF
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
$2,873
Amenities
outdoor pool
fitness center
community rooms
secured bike storage
Building Details
Building Size
820 SF
Year Built
1968
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jun 29
Changed: Oct 27
Last Checked: Oct 26 at 3:23PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 820-square-foot, one-bedroom, one-bathroom corner residence is in a building completed in 1968. The kitchen has stainless steel appliances, granite counters, and refaced cabinetry. Luxury vinyl plank flooring extends through the main living area, which also includes a built-in desk. The bedroom has new carpet and a walk-in closet fitted with custom wood shelving. A private balcony extends the living space, and all major utilities are included in the condo fee.
Building amenities include an outdoor pool, fitness center, community rooms, secured bike storage, and an on-site manager. The property is in Downtown Silver Spring, near Whole Foods, Blair Park Shopping Center, restaurants, The Fillmore, and AFI Silver Theatre. Metro service provides a connection to Washington, D.C.
Building amenities include an outdoor pool, fitness center, community rooms, secured bike storage, and an on-site manager. The property is in Downtown Silver Spring, near Whole Foods, Blair Park Shopping Center, restaurants, The Fillmore, and AFI Silver Theatre. Metro service provides a connection to Washington, D.C.
Key Highlights
- 820‑square‑foot, one‑bedroom, one‑bathroom corner residence
- Private balcony off the living area
- All major utilities included in the condo fee
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,539
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,780
$270.8K
Cap Rate 7%
$193,414
$193.4K
Cap Rate 9%
$150,433
$150.4K
Market Conditions
NOI Build-Up for 820 SF
Gross rent
$26.5K $32.28/SF
− Vacancy
−$1.9K −$2.26/SF
EGI
$24.6K $30.02/SF
− OpEx
−$11.1K −$13.51/SF
NOI
$13.5K $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%
$270,780
Cap Rate 7%
$193,414
Cap Rate 9%
$150,433
Alternative Uses
Best Use
Apartment 5plus
$193.4K
$169.2K – $225.7K
NOI $13,539 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$288.5K
$252.4K – $336.5K
NOI $20,192 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,324
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - An updated corner residence pairs a private outdoor space with building amenities and utilities covered by the condo fee.
Where is this residential income property located?
The property is located at 1220 BLAIR MILL ROAD Unit 210 Silver Spring, MD.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 820‑square‑foot, one‑bedroom, one‑bathroom corner residence; Private balcony off the living area; All major utilities included in the condo fee
