One-Bedroom Residential Income
For Sale
$195,000
2214 COLSTON DRIVE Unit 201, Silver Spring, MD 20910
Updated condo with an open living area, in-unit laundry, and two parking passes.
Property Size702 SF
Price / SF$277.78
Days on Market162
Property Features for 2214 COLSTON DRIVE Unit 201
General Information
Standard status
Active
Size
702 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,563
Amenities
in-unit washer and dryer
pet-friendly building
Building Details
Building Size
702 SF
Year Built
1948
Listing Agency:
Jack Realty Group
Listed By:
John Pruski
(202) 213-4744
Source:
Jackrealtygroup
Added: May 20
Changed: Oct 26
Last Checked: Oct 26 at 3:18PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 702-square-foot, one-bedroom, one-bath condo has an open living room and kitchen layout. Updates include fresh paint, new kitchen flooring, quartz countertops, stainless steel appliances, and a replacement sink. The unit also has an in-unit washer and dryer and generous bedroom closet space. The building dates to 1948, and condo fees cover water, gas, and electricity.
The property is in Rock Creek Village, just off East-West Highway, with access to downtown Silver Spring. Nearby destinations include The Fillmore, a movie theater, Whole Foods, Giant, and dining, entertainment, and shopping options.
The property is in Rock Creek Village, just off East-West Highway, with access to downtown Silver Spring. Nearby destinations include The Fillmore, a movie theater, Whole Foods, Giant, and dining, entertainment, and shopping options.
Key Highlights
- 702‑square‑foot condo with one bedroom and one bathroom
- Open living room and kitchen configuration
- Kitchen updated with quartz countertops, stainless steel appliances, new flooring, and a new sink
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,591
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,820
$231.8K
Cap Rate 7%
$165,586
$165.6K
Cap Rate 9%
$128,789
$128.8K
Market Conditions
NOI Build-Up for 702 SF
Gross rent
$22.7K $32.28/SF
− Vacancy
−$1.6K −$2.26/SF
EGI
$21.1K $30.02/SF
− OpEx
−$9.5K −$13.51/SF
NOI
$11.6K $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%
$231,820
Cap Rate 7%
$165,586
Cap Rate 9%
$128,789
Alternative Uses
Best Use
Apartment 5plus
$165.6K
$144.9K – $193.2K
NOI $11,591 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$246.9K
$216.1K – $288.1K
NOI $17,286 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - Updated condo with an open living area, in-unit laundry, and two parking passes.
Where is this residential income property located?
The property is located at 2214 COLSTON DRIVE Unit 201 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: 702‑square‑foot condo with one bedroom and one bathroom; Open living room and kitchen configuration; Kitchen updated with quartz countertops, stainless steel appliances, new flooring, and a new sink
