One-Bedroom Residential
15107 INTERLACHEN DRIVE Unit 2-303, Silver Spring, MD 20906
For Sale
$160,000
Third-floor residence offers elevator and stair access, with a double closet in the entry hall.
Property Size862 SF
Price / SF$185.61
Days on Market198
Property Features for 15107 INTERLACHEN DRIVE Unit 2-303
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
Natalie Moffett Smith · License #672603
(703) 307-5205
Source:
Signaturemoverealestate
Added: Apr 25
Changed: Nov 5
Last Checked: Nov 7 at 10:11AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 862-square-foot, one-bedroom, one-bathroom residence occupies the third floor of a building constructed in 1984. The entry hall has a double closet, and the kitchen features white cabinetry and updated gray tile flooring. Wood-look LVP extends through the living and dining areas and entry hall; the unit has also been freshly painted.
Elevator and stair access serve the third-floor unit. The property is located in Silver Spring, Maryland.
Elevator and stair access serve the third-floor unit. The property is located in Silver Spring, Maryland.
Key Highlights
- 862‑square‑foot one‑bedroom, one‑bathroom unit
- Third‑floor location with elevator and stair access
- Entry hall includes a double closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,233
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,660
$284.7K
Cap Rate 7%
$203,329
$203.3K
Cap Rate 9%
$158,144
$158.1K
Market Conditions
NOI Build-Up for 862 SF
Gross rent
$27.8K $32.28/SF
− Vacancy
−$1.9K −$2.26/SF
EGI
$25.9K $30.02/SF
− OpEx
−$11.6K −$13.51/SF
NOI
$14.2K $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%
$284,660
Cap Rate 7%
$203,329
Cap Rate 9%
$158,144
Alternative Uses
Best Use
Apartment 5plus
$203.3K
$177.9K – $237.2K
NOI $14,233 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$303.2K
$265.3K – $353.8K
NOI $21,226 @ 7.0% cap · market cap 13.27%
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
498
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
$440,600
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Montgomery County, MD
Properties on Market for Residential income properties in Montgomery County
Frequently Asked Questions
What type of property is this?
Residential income property - Third-floor residence offers elevator and stair access, with a double closet in the entry hall.
Where is this residential income property located?
The property is located at 15107 INTERLACHEN DRIVE Unit 2-303 Silver Spring, MD.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 862‑square‑foot one‑bedroom, one‑bathroom unit; Third‑floor location with elevator and stair access; Entry hall includes a double closet
