Residential Income Condo with
For Sale
$360,000
14905 PENNFIELD CIRCLE Unit 2A, Silver Spring, MD 20906
A glass-enclosed sunroom extends the living area and brings in natural light.
Property Size1,391 SF
Price / SF$258.81
Days on Market25
Property Features for 14905 PENNFIELD CIRCLE Unit 2A
General Information
Standard status
Active
Size
1,391 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,160
Amenities
fireplace
sunroom
Building Details
Building Size
1,391 SF
Year Built
1976
Listing Agency:
Weichert, REALTORS
Listed By:
Ledio Baboci · License #643359
(301) 500-8166
Source:
Signaturemoverealestate
Added: Oct 4
Changed: Oct 27
Last Checked: Oct 26 at 3:36PM
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 Weichert, REALTORS
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Investment Insights
Based on property information with market context.
This 1,391-square-foot condominium has two bedrooms and two bathrooms, with the bedrooms set apart on opposite sides of the unit. The living room features a 12-foot ceiling and fireplace, and connects to a glass sunroom. The building contains four units and dates to 1976.
The sunroom faces green space. The property is near a shopping center, Clubhouse 1, the Administration Building, and a Metrobus stop. All utilities are included in the condo fee.
The sunroom faces green space. The property is near a shopping center, Clubhouse 1, the Administration Building, and a Metrobus stop. All utilities are included in the condo fee.
Key Highlights
- 1,391‑square‑foot unit with two bedrooms and two bathrooms
- 12‑foot living room ceiling and fireplace
- Glass sunroom facing green space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,967
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,340
$459.3K
Cap Rate 7%
$328,100
$328.1K
Cap Rate 9%
$255,189
$255.2K
Market Conditions
NOI Build-Up for 1,391 SF
Gross rent
$44.9K $32.28/SF
− Vacancy
−$3.1K −$2.26/SF
EGI
$41.8K $30.02/SF
− OpEx
−$18.8K −$13.51/SF
NOI
$23.0K $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%
$459,340
Cap Rate 7%
$328,100
Cap Rate 9%
$255,189
Alternative Uses
Best Use
Apartment 5plus
$328.1K
$287.1K – $382.8K
NOI $22,967 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$489.3K
$428.2K – $570.9K
NOI $34,252 @ 7.0% cap · market cap 9.51%
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
458
Businesses Nearby
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Business Placement
Demographics for 20906, MD
71,641
Population
27,423
Households
2.6
Avg Household Size
41
Median Age
42%
College-Educated
87%
High-School Grad
12.7 sq mi
ZIP Area
5,641
Density / Sq Mi
$92,964
Median Household Income
$46,172
Median Earnings
$1,945
Median Rent
$440,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A glass-enclosed sunroom extends the living area and brings in natural light.
Where is this residential income property located?
The property is located at 14905 PENNFIELD CIRCLE Unit 2A Silver Spring, MD.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 1,391‑square‑foot unit with two bedrooms and two bathrooms; 12‑foot living room ceiling and fireplace; Glass sunroom facing green space
