Residential Income
For Sale
$259,900
1320 FENWICK LN #606, Silver Spring, MD 20910
SILVER SPRING, MD
Property Size460 SF
Price / SF$565
Days on Market61
Property Features for 1320 FENWICK LN #606
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1
Subdivision
DOWNTOWN SILVER SPRING
Elementary school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Middle school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
High school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Standard status
Active
Amenities
wood flooring
quartz countertops
in-unit washer/dryer
balcony
stainless steel appliances
club room
concierge services
fitness room
bike storage
sky lounge
roof deck
extra storage unit
Building Details
Year built
2016
Listing Agency:
One Bethesda
(240) 497-1700
Listed By:
Andy Alderdice
Added: Sep 1
Changed: Sep 2
Last Checked: Oct 31 at 3:06AM
MLS# MDMC2253954
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 460-square-foot condominium at 1320 Fenwick Ln #606 includes one bedroom and one bathroom within a building completed in 2016. The interior features wood flooring, quartz countertops, stainless steel appliances, and an in-unit washer and dryer. A balcony and separate storage unit add to the unit’s functional layout.
Residents have access to a lobby and club room with a fireplace and Wi-Fi, concierge services, a fitness room, bike storage, a sky lounge, and a roof deck. The property is positioned near the Silver Spring Metro Red Line and the upcoming Purple Line. Mom’s Organic Market is two blocks away, while the Montgomery County Aquatic Recreation Center is across the street and Woodside Park is one block away. The roof deck offers western views toward downtown Bethesda and the Mormon Temple.
Residents have access to a lobby and club room with a fireplace and Wi-Fi, concierge services, a fitness room, bike storage, a sky lounge, and a roof deck. The property is positioned near the Silver Spring Metro Red Line and the upcoming Purple Line. Mom’s Organic Market is two blocks away, while the Montgomery County Aquatic Recreation Center is across the street and Woodside Park is one block away. The roof deck offers western views toward downtown Bethesda and the Mormon Temple.
Key Highlights
- 460‑square‑foot one‑bedroom, one‑bathroom condominium
- Built in 2016 with wood flooring, quartz countertops, and stainless steel appliances
- In‑unit washer and dryer, balcony, and separate storage unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,595
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$151,900
$151.9K
Cap Rate 7%
$108,500
$108.5K
Cap Rate 9%
$84,389
$84.4K
Market Conditions
NOI Build-Up for 460 SF
Gross rent
$14.8K $32.28/SF
− Vacancy
−$1.0K −$2.26/SF
EGI
$13.8K $30.02/SF
− OpEx
−$6.2K −$13.51/SF
NOI
$7.6K $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%
$151,900
Cap Rate 7%
$108,500
Cap Rate 9%
$84,389
Alternative Uses
Best Use
Apartment 5plus
$108.5K
$94.9K – $126.6K
NOI $7,595 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$161.8K
$141.6K – $188.8K
NOI $11,327 @ 7.0% cap · market cap 4.36%
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 - A one-bedroom condominium combines quartz finishes, in-unit laundry, a balcony, and extensive shared amenities.
Where is this residential income property located?
The property is located at 1320 FENWICK LN #606 Silver Spring, MD.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 460‑square‑foot one‑bedroom, one‑bathroom condominium; Built in 2016 with wood flooring, quartz countertops, and stainless steel appliances; In‑unit washer and dryer, balcony, and separate storage unit
