Two-Level Loft
For Sale
$195,000
1605 CARRIAGE HOUSE TERRACE Unit 1605-F, Silver Spring, MD 20904
The one-bedroom layout includes two fireplaces, private balconies, and a loft with a half bath.
Property Size776 SF
Price / SF$251.29
Days on Market71
Property Features for 1605 CARRIAGE HOUSE TERRACE Unit 1605-F
General Information
Standard status
Active
Size
776 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,031
Amenities
fireplace
balcony
in-unit washer/dryer
Building Details
Building Size
776 SF
Year Built
1986
Listing Agency:
Signature Home Realty LLC
Listed By:
Shuang Zhao · License #656735
(301) 250-1095
Source:
Jackrealtygroup
Added: Aug 19
Changed: Oct 27
Last Checked: Oct 26 at 2:19PM
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 Signature Home Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 776-square-foot, top-floor condominium has two levels. The main floor contains one bedroom, a full bathroom, and a living room with a fireplace. Both the living room and bedroom open to private balconies. Upstairs, the loft has a second fireplace and a half bathroom. An in-unit washer and dryer are included, along with one garage parking space and one visitor space. The building dates to 1986, and community updates include newer HVAC and siding.
The property is in Silver Spring, minutes from the FDA, a hospital, shopping, and restaurants.
The property is in Silver Spring, minutes from the FDA, a hospital, shopping, and restaurants.
Key Highlights
- 776‑square‑foot, two‑level top‑floor condominium
- One bedroom, one full bathroom, and a loft with a half bath
- Two fireplaces and private balconies accessed from the living room and bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,813
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,260
$256.3K
Cap Rate 7%
$183,043
$183.0K
Cap Rate 9%
$142,367
$142.4K
Market Conditions
NOI Build-Up for 776 SF
Gross rent
$25.0K $32.28/SF
− Vacancy
−$1.8K −$2.26/SF
EGI
$23.3K $30.02/SF
− OpEx
−$10.5K −$13.51/SF
NOI
$12.8K $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%
$256,260
Cap Rate 7%
$183,043
Cap Rate 9%
$142,367
Alternative Uses
Best Use
Apartment 5plus
$183.0K
$160.2K – $213.6K
NOI $12,813 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$273.0K
$238.9K – $318.5K
NOI $19,109 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
Explore this area
Business Placement
Demographics for 20904, MD
59,051
Population
22,366
Households
2.6
Avg Household Size
40
Median Age
50%
College-Educated
90%
High-School Grad
13.7 sq mi
ZIP Area
4,310
Density / Sq Mi
$93,322
Median Household Income
$48,349
Median Earnings
$1,893
Median Rent
$533,500
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom layout includes two fireplaces, private balconies, and a loft with a half bath.
Where is this residential income property located?
The property is located at 1605 CARRIAGE HOUSE TERRACE Unit 1605-F Silver Spring, MD.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 776‑square‑foot, two‑level top‑floor condominium; One bedroom, one full bathroom, and a loft with a half bath; Two fireplaces and private balconies accessed from the living room and bedroom
