Condominium with Separate
For Sale
$235,000
2305 GREENERY LANE Unit 102-3, Silver Spring, MD 20906
The layout pairs two bedrooms and two bathrooms with a den, living and dining areas, and an open kitchen.
Property Size1,168 SF
Price / SF$201.20
Days on Market88
Property Features for 2305 GREENERY LANE Unit 102-3
General Information
Standard status
Active
Size
1,168 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,363
Building Details
Building Size
1,168 SF
Year Built
1971
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 2
Changed: Oct 27
Last Checked: Oct 26 at 3:47PM
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 1,168-square-foot condominium, built in 1971, has two bedrooms, a den, and two bathrooms. Its layout also includes separate family, living, and dining rooms, along with an open kitchen with additional cabinet and counter space. Large windows bring natural light into the unit, and the primary bedroom has a walk-in closet and private bathroom.
The property is in Glenmont, Silver Spring, a few blocks from the Glenmont Metro Station. Local highways and shopping centers are nearby, and Downtown Washington, DC is about a 20-minute drive away.
The property is in Glenmont, Silver Spring, a few blocks from the Glenmont Metro Station. Local highways and shopping centers are nearby, and Downtown Washington, DC is about a 20-minute drive away.
Key Highlights
- 1,168‑square‑foot condominium with two bedrooms, a den, and two bathrooms
- Built in 1971
- A few blocks from Glenmont Metro Station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,285
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,700
$385.7K
Cap Rate 7%
$275,500
$275.5K
Cap Rate 9%
$214,278
$214.3K
Market Conditions
NOI Build-Up for 1,168 SF
Gross rent
$37.7K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$35.1K $30.02/SF
− OpEx
−$15.8K −$13.51/SF
NOI
$19.3K $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%
$385,700
Cap Rate 7%
$275,500
Cap Rate 9%
$214,278
Alternative Uses
Best Use
Apartment 5plus
$275.5K
$241.1K – $321.4K
NOI $19,285 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$410.9K
$359.5K – $479.4K
NOI $28,761 @ 7.0% cap · market cap 12.24%
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
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - The layout pairs two bedrooms and two bathrooms with a den, living and dining areas, and an open kitchen.
Where is this residential income property located?
The property is located at 2305 GREENERY LANE Unit 102-3 Silver Spring, MD.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,168‑square‑foot condominium with two bedrooms, a den, and two bathrooms; Built in 1971; A few blocks from Glenmont Metro Station
