One-Bedroom Flat with
For Sale
$274,995
1320 FENWICK LANE Unit 309, Silver Spring, MD 20910
The residence includes a private balcony and an in-unit front-loading washer and dryer.
Property Size569 SF
Price / SF$483.30
Days on Market83
Property Features for 1320 FENWICK LANE Unit 309
General Information
Standard status
Active
Size
569 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,032
Amenities
open floor plan
SS appliances
quartz counters
ash-coffee hardwood floors
in-unit front load w/d
private balcony
storage bin
community sky lounge
rooftop terrace
fitness facility
bike room
concierge service
Building Details
Building Size
569 SF
Year Built
2016
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 7
Changed: Oct 27
Last Checked: Oct 26 at 3:53PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 569-square-foot, one-bedroom flat has an open layout, hardwood flooring, stainless steel appliances, and quartz countertops. A private balcony and storage bin add to the unit’s features. The building was constructed in 2016, and the unit has been freshly painted.
Residents have access to a rooftop terrace, sky lounge, fitness facility, and bike room. The community also offers concierge service and permits pets. Downtown Silver Spring destinations include Metro, Whole Foods, shops, restaurants, and the Silver Spring Recreation and Aquatics Center, all described as a short walk away.
Residents have access to a rooftop terrace, sky lounge, fitness facility, and bike room. The community also offers concierge service and permits pets. Downtown Silver Spring destinations include Metro, Whole Foods, shops, restaurants, and the Silver Spring Recreation and Aquatics Center, all described as a short walk away.
Key Highlights
- 569‑square‑foot one‑bedroom flat
- Private balcony, storage bin, and in‑unit front‑loading washer and dryer
- Open floor plan, hardwood flooring, stainless steel appliances, and quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,395
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,900
$187.9K
Cap Rate 7%
$134,214
$134.2K
Cap Rate 9%
$104,389
$104.4K
Market Conditions
NOI Build-Up for 569 SF
Gross rent
$18.4K $32.28/SF
− Vacancy
−$1.3K −$2.26/SF
EGI
$17.1K $30.02/SF
− OpEx
−$7.7K −$13.51/SF
NOI
$9.4K $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%
$187,900
Cap Rate 7%
$134,214
Cap Rate 9%
$104,389
Alternative Uses
Best Use
Apartment 5plus
$134.2K
$117.4K – $156.6K
NOI $9,395 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$200.2K
$175.1K – $233.5K
NOI $14,011 @ 7.0% cap · market cap 5.10%
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
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 residence includes a private balcony and an in-unit front-loading washer and dryer.
Where is this residential income property located?
The property is located at 1320 FENWICK LANE Unit 309 Silver Spring, MD.
What is the asking price?
The asking price for this property is $274,995.
What are key features of this property?
This property features: 569‑square‑foot one‑bedroom flat; Private balcony, storage bin, and in‑unit front‑loading washer and dryer; Open floor plan, hardwood flooring, stainless steel appliances, and quartz countertops
