Residential Condominium with
For Sale
$465,000
1220 BLAIR MILL ROAD Unit 905, Silver Spring, MD 20910
The residence includes private laundry, building amenities, and two parking spaces.
Property Size1,590 SF
Price / SF$292.45
Days on Market160
Property Features for 1220 BLAIR MILL ROAD Unit 905
General Information
Standard status
Active
Size
1,590 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,930
Amenities
pool
fitness center
party room
professional on-site management
in-unit laundry
building laundry facilities
Building Details
Building Size
1,590 SF
Year Built
1968
Listing Agency:
REAL RE
Listed By:
DMV Living Group
(301) 351-7711
Source:
Dmvliving
Added: May 22
Changed: Oct 27
Last Checked: Oct 26 at 2:48PM
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 REAL RE
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Investment Insights
Based on property information with market context.
This 1,590-square-foot residence on the 9th floor has 2 bedrooms, 2 bathrooms, and 2 balconies. Large windows with custom treatments bring in views toward Bethesda and Washington, DC. The unit also has in-unit laundry, with larger laundry machines available elsewhere in the building.
Building amenities include a pool, fitness center, party room, and professional on-site management. Two parking spaces are included, and the condo fee covers utilities as well as those spaces and amenities.
Silver Spring Metro’s Red and Purple lines are two blocks away. Dining, shopping, and entertainment are also nearby.
Building amenities include a pool, fitness center, party room, and professional on-site management. Two parking spaces are included, and the condo fee covers utilities as well as those spaces and amenities.
Silver Spring Metro’s Red and Purple lines are two blocks away. Dining, shopping, and entertainment are also nearby.
Key Highlights
- 1,590‑square‑foot, 9th‑floor residence with 2 bedrooms and 2 bathrooms
- Two balconies and window views toward Bethesda and Washington, DC
- Two parking spaces included; condo fee covers utilities and parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,253
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,060
$525.1K
Cap Rate 7%
$375,043
$375.0K
Cap Rate 9%
$291,700
$291.7K
Market Conditions
NOI Build-Up for 1,590 SF
Gross rent
$51.3K $32.28/SF
− Vacancy
−$3.6K −$2.26/SF
EGI
$47.7K $30.02/SF
− OpEx
−$21.5K −$13.51/SF
NOI
$26.3K $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%
$525,060
Cap Rate 7%
$375,043
Cap Rate 9%
$291,700
Alternative Uses
Best Use
Apartment 5plus
$375.0K
$328.2K – $437.6K
NOI $26,253 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$559.3K
$489.4K – $652.6K
NOI $39,153 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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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 private laundry, building amenities, and two parking spaces.
Where is this residential income property located?
The property is located at 1220 BLAIR MILL ROAD Unit 905 Silver Spring, MD.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 1,590‑square‑foot, 9th‑floor residence with 2 bedrooms and 2 bathrooms; Two balconies and window views toward Bethesda and Washington, DC; Two parking spaces included; condo fee covers utilities and parking
