2-Bedroom Residential
For Sale
$194,000
2105 Unit 15-103 WALSH VIEW TERRACE Unit 15, Silver Spring, MD 20902
The garden-style home offers community pool access, nearby parks, and association-managed services.
Property Size1,047 SF
Price / SF$185.29
Days on Market98
Property Features for 2105 Unit 15-103 WALSH VIEW TERRACE Unit 15
General Information
Standard status
Active
Size
1,047 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,594
Amenities
pool
Building Details
Building Size
1,047 SF
Year Built
1969
Year Renovated
2022
Construction
garden-style
Listing Agency:
RE/MAX Realty Plus
Listed By:
Kris A. Alcorn · License #660351
(301) 748-5586
Source:
Jackrealtygroup
Added: Jul 24
Changed: Oct 27
Last Checked: Oct 26 at 10:29AM
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 RE/MAX Realty Plus
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Investment Insights
Based on property information with market context.
This 1,047-square-foot garden-style residence has two bedrooms and 1.5 bathrooms, with an open layout and an entry-level bedroom. A major renovation was completed in 2022. The property was built in 1969 and is located in Silver Spring, Maryland.
Residents have access to a community pool, with parks, shopping, and dining nearby. The community association handles water, trash, and snow removal. Parking options include on-street spaces and a lot.
Residents have access to a community pool, with parks, shopping, and dining nearby. The community association handles water, trash, and snow removal. Parking options include on-street spaces and a lot.
Key Highlights
- 1,047‑square‑foot residence with 2 bedrooms and 1.5 bathrooms
- Major renovation completed in 2022
- Garden‑style building constructed in 1969
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,287
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,740
$345.7K
Cap Rate 7%
$246,957
$247.0K
Cap Rate 9%
$192,078
$192.1K
Market Conditions
NOI Build-Up for 1,047 SF
Gross rent
$33.8K $32.28/SF
− Vacancy
−$2.4K −$2.26/SF
EGI
$31.4K $30.02/SF
− OpEx
−$14.1K −$13.51/SF
NOI
$17.3K $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%
$345,740
Cap Rate 7%
$246,957
Cap Rate 9%
$192,078
Alternative Uses
Best Use
Apartment 5plus
$247.0K
$216.1K – $288.1K
NOI $17,287 @ 7.0% cap · market cap 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$368.3K
$322.3K – $429.7K
NOI $25,782 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,454
Businesses Nearby
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Business Placement
Demographics for 20902, MD
52,533
Population
18,759
Households
2.8
Avg Household Size
36
Median Age
47%
College-Educated
83%
High-School Grad
7.6 sq mi
ZIP Area
6,912
Density / Sq Mi
$111,408
Median Household Income
$49,887
Median Earnings
$2,088
Median Rent
$531,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The garden-style home offers community pool access, nearby parks, and association-managed services.
Where is this residential income property located?
The property is located at 2105 Unit 15-103 WALSH VIEW TERRACE Unit 15 Silver Spring, MD.
What is the asking price?
The asking price for this property is $194,000.
What are key features of this property?
This property features: 1,047‑square‑foot residence with 2 bedrooms and 1.5 bathrooms; Major renovation completed in 2022; Garden‑style building constructed in 1969
