One-Bedroom Residential Income
For Sale
$229,000
1320 FENWICK LANE Unit 204, Silver Spring, MD 20910
The unit combines flexible bedroom privacy with a private balcony and in-unit laundry.
Property Size478 SF
Price / SF$479.08
Days on Market136
Property Features for 1320 FENWICK LANE Unit 204
General Information
Standard status
Active
Size
478 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
$2,797
Amenities
fitness room
sky lounge
rooftop deck
bike storage
in-unit washer/dryer
storage unit
private balcony
pet-friendly
Building Details
Building Size
478 SF
Year Built
1964
Listing Agency:
Compass
Listed By:
Luis E Solano · License #0673313
(301) 232-6888
Source:
Jackrealtygroup
Added: Jun 18
Changed: Oct 27
Last Checked: Oct 26 at 2:35PM
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 Compass
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium features wood flooring, quartz countertops and stainless-steel appliances. Barn doors allow the bedroom to open toward the living area or be closed off. The unit also includes a private balcony and an in-unit washer and dryer, along with a separate storage unit.
Building amenities include a fitness room, sky lounge, rooftop deck and dedicated bike storage. The condo fee covers heating, air conditioning, HVAC maintenance and hot water. The property is in Downtown Silver Spring, two blocks from MOM’s Organic Market and near the Silver Spring Metro, dining and shopping. The Montgomery County Recreation & Aquatic Center is also nearby.
Building amenities include a fitness room, sky lounge, rooftop deck and dedicated bike storage. The condo fee covers heating, air conditioning, HVAC maintenance and hot water. The property is in Downtown Silver Spring, two blocks from MOM’s Organic Market and near the Silver Spring Metro, dining and shopping. The Montgomery County Recreation & Aquatic Center is also nearby.
Key Highlights
- One‑bedroom, one‑bath condominium
- Private balcony, in‑unit washer and dryer, and separate storage unit
- Wood floors, quartz countertops, and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,892
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$157,840
$157.8K
Cap Rate 7%
$112,743
$112.7K
Cap Rate 9%
$87,689
$87.7K
Market Conditions
NOI Build-Up for 478 SF
Gross rent
$15.4K $32.28/SF
− Vacancy
−$1.1K −$2.26/SF
EGI
$14.3K $30.02/SF
− OpEx
−$6.5K −$13.51/SF
NOI
$7.9K $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%
$157,840
Cap Rate 7%
$112,743
Cap Rate 9%
$87,689
Alternative Uses
Best Use
Apartment 5plus
$112.7K
$98.7K – $131.5K
NOI $7,892 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$168.1K
$147.1K – $196.2K
NOI $11,770 @ 7.0% cap · market cap 5.14%
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
5,121
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 unit combines flexible bedroom privacy with a private balcony and in-unit laundry.
Where is this residential income property located?
The property is located at 1320 FENWICK LANE Unit 204 Silver Spring, MD.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium; Private balcony, in‑unit washer and dryer, and separate storage unit; Wood floors, quartz countertops, and stainless‑steel appliances
