Residential Income
For Sale
$246,000
1220 BLAIR MILL ROAD Unit 1008, Silver Spring, MD 20910
The residence includes a private balcony, in-unit laundry, and an assigned parking space.
Property Size860 SF
Price / SF$286.05
Days on Market48
Property Features for 1220 BLAIR MILL ROAD Unit 1008
General Information
Standard status
Active
Size
860 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,873
Amenities
concierge handyman service
swimming pool
fitness center
resident lounge
in-unit laundry
private balcony
Building Details
Building Size
860 SF
Year Built
1968
Listing Agency:
Serhant
Listed By:
Barak Sky · License #628823
(301) 742-5759
Source:
Exqrealestate
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 26 at 3:27PM
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 Serhant
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Investment Insights
Based on property information with market context.
This 860-square-foot residence was built in 1968 and features an open living and dining arrangement, hardwood floors, and large windows. The kitchen has wood cabinetry, granite counters, stainless steel appliances, a gas range, and a breakfast bar. A private balcony, in-unit laundry, and one assigned parking space are included. The unit has one bedroom.
Building amenities include a swimming pool, fitness center, resident lounge, and concierge handyman service for select repairs and maintenance. The condo fee covers gas, electric, and water. The property is at 1220 Blair Mill Road in Silver Spring.
Building amenities include a swimming pool, fitness center, resident lounge, and concierge handyman service for select repairs and maintenance. The condo fee covers gas, electric, and water. The property is at 1220 Blair Mill Road in Silver Spring.
Key Highlights
- 860‑square‑foot residence built in 1968
- One‑bedroom layout with open living and dining areas
- Kitchen includes granite countertops, stainless steel appliances, a gas range, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,200
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,000
$284.0K
Cap Rate 7%
$202,857
$202.9K
Cap Rate 9%
$157,778
$157.8K
Market Conditions
NOI Build-Up for 860 SF
Gross rent
$27.8K $32.28/SF
− Vacancy
−$1.9K −$2.26/SF
EGI
$25.8K $30.02/SF
− OpEx
−$11.6K −$13.51/SF
NOI
$14.2K $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%
$284,000
Cap Rate 7%
$202,857
Cap Rate 9%
$157,778
Alternative Uses
Best Use
Apartment 5plus
$202.9K
$177.5K – $236.7K
NOI $14,200 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$302.5K
$264.7K – $353.0K
NOI $21,177 @ 7.0% cap · market cap 8.61%
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 - The residence includes a private balcony, in-unit laundry, and an assigned parking space.
Where is this residential income property located?
The property is located at 1220 BLAIR MILL ROAD Unit 1008 Silver Spring, MD.
What is the asking price?
The asking price for this property is $246,000.
What are key features of this property?
This property features: 860‑square‑foot residence built in 1968; One‑bedroom layout with open living and dining areas; Kitchen includes granite countertops, stainless steel appliances, a gas range, and breakfast bar
