12220 CENTERHILL St, Silver Spring, MD 20902
Multifamily property with rental income potential in Silver Spring, MD.
- Added:
- Apr 28, 2026
- Days on Market:
- 49
- Last Refresh:
- Apr 28 at 1:51 am
Property Features for 12220 CENTERHILL St
General Information
- Standard status
- Active
- Size
- 3,100 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1950
Listing agent Jan Rivera License #314567 (301) 717-9114
Listing office CASAS Real Estate, Inc. (301) 717-9114
Listing date Apr 28, 2026
Source Elliman
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 CASAS Real Estate, Inc.
HighLights
- Turnkey investment opportunity with three units (main house and two studios) offering immediate rental income potential (studios rent for over $1100 each).
- Flexible zoning allows owner occupants to rent two units without licensing, while investors can license any two of the three units.
- Main house features a renovated kitchen (2020‑2021) with granite and stainless steel, open concept living space, and a master suite with two walk‑in closets and an electric fireplace.
- Finished basement with potential for a 2BR/2BA apartment with private entrance, increasing rental income.
- Enjoy outdoor amenities including a large deck suitable for large gatherings and a cabana with a fireplace.
- Recent upgrades include a new pitched roof (2 years old), remodeled studios (2 years ago), newer hot water heater (3 years old) and furnace (4 years old), indicating well‑maintained property.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.1k | $32.28 |
| − Vacancy | −$7.0k | −$2.26 |
| EGI | $93.1k | $30.02 |
| − OpEx | −$41.9k | −$13.51 |
| NOI | $51.2k | $16.51 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Silver Spring
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.0697339
- Latitude
- 39.0559206