Studio
For Sale
$150,000
1220 BLAIR MILL ROAD Unit 106, Silver Spring, MD 20910
An updated kitchen, in-unit laundry, and a walk-in closet support efficient everyday living.
Property Size525 SF
Price / SF$285.71
Days on Market42
Property Features for 1220 BLAIR MILL ROAD Unit 106
General Information
Standard status
Active
Size
525 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x studio
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,038
Amenities
in-unit washer/dryer
granite countertops
stainless steel appliances
breakfast bar
walk-in closet
Building Details
Building Size
525 SF
Year Built
1968
Listing Agency:
Keller Williams Capital Properties
Listed By:
Mynor R Herrera · License #611201
(301) 437-1622
Source:
Jackrealtygroup
Added: Sep 17
Changed: Oct 27
Last Checked: Oct 26 at 3:58PM
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 Keller Williams Capital Properties
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Investment Insights
Based on property information with market context.
This 525-square-foot studio condominium at The Mica has a kitchen with granite countertops, wood cabinetry, stainless steel appliances, and a breakfast bar. A walk-in closet and in-unit washer and dryer add practical storage and convenience. The unit is on the first floor, elevated above the lobby level, and the building dates to 1968.
The property is at 1220 Blair Mill Road in Silver Spring, a short walk from the Silver Spring Metro and downtown dining, shopping, entertainment, and public transportation. Parking spaces are available for rent.
The property is at 1220 Blair Mill Road in Silver Spring, a short walk from the Silver Spring Metro and downtown dining, shopping, entertainment, and public transportation. Parking spaces are available for rent.
Key Highlights
- 525‑square‑foot studio condominium
- Kitchen includes granite countertops, wood cabinetry, stainless steel appliances, and a breakfast bar
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,668
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,360
$173.4K
Cap Rate 7%
$123,829
$123.8K
Cap Rate 9%
$96,311
$96.3K
Market Conditions
NOI Build-Up for 525 SF
Gross rent
$16.9K $32.28/SF
− Vacancy
−$1.2K −$2.26/SF
EGI
$15.8K $30.02/SF
− OpEx
−$7.1K −$13.51/SF
NOI
$8.7K $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%
$173,360
Cap Rate 7%
$123,829
Cap Rate 9%
$96,311
Alternative Uses
Best Use
Apartment 5plus
$123.8K
$108.4K – $144.5K
NOI $8,668 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$184.7K
$161.6K – $215.5K
NOI $12,928 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 - An updated kitchen, in-unit laundry, and a walk-in closet support efficient everyday living.
Where is this residential income property located?
The property is located at 1220 BLAIR MILL ROAD Unit 106 Silver Spring, MD.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 525‑square‑foot studio condominium; Kitchen includes granite countertops, wood cabinetry, stainless steel appliances, and a breakfast bar; In‑unit washer and dryer
