Residential Income Property with In-Unit
For Sale
$199,900
2312 COLSTON DRIVE Unit 2312-C, Silver Spring, MD 20910
The 696-square-foot residence has one bedroom, one bath, hardwood floors, and a renovated kitchen.
Property Size696 SF
Price / SF$287.21
Days on Market119
Property Features for 2312 COLSTON DRIVE Unit 2312-C
General Information
Standard status
Active
Size
696 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,563
Amenities
playground
picnic and grilling areas
bicycle storage
in-unit washer and dryer
Building Details
Building Size
696 SF
Year Built
1948
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 2
Changed: Oct 27
Last Checked: Oct 26 at 3:54PM
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 one-bedroom, one-bath residence encompasses 696 square feet. Hardwood floors run throughout, and fresh paint updates the interior. The renovated kitchen has generous cabinet and counter space, while the living and dining area provides room to gather. An in-unit washer and dryer add everyday convenience. The condo fee covers all utilities.
The pet-friendly community includes landscaped grounds, mature trees, green space, a playground, picnic and grilling areas, bicycle storage, and parking. Rock Creek Park is nearby, as are Downtown Silver Spring, Bethesda, Metro service, bus lines, and the planned Lyttonsville Purple Line station. Grocery stores, restaurants, shopping, and fitness centers are also close by.
The pet-friendly community includes landscaped grounds, mature trees, green space, a playground, picnic and grilling areas, bicycle storage, and parking. Rock Creek Park is nearby, as are Downtown Silver Spring, Bethesda, Metro service, bus lines, and the planned Lyttonsville Purple Line station. Grocery stores, restaurants, shopping, and fitness centers are also close by.
Key Highlights
- 696‑square‑foot residence with one bedroom and one bath
- In‑unit washer and dryer
- Renovated kitchen, hardwood floors, and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,492
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,840
$229.8K
Cap Rate 7%
$164,171
$164.2K
Cap Rate 9%
$127,689
$127.7K
Market Conditions
NOI Build-Up for 696 SF
Gross rent
$22.5K $32.28/SF
− Vacancy
−$1.6K −$2.26/SF
EGI
$20.9K $30.02/SF
− OpEx
−$9.4K −$13.51/SF
NOI
$11.5K $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%
$229,840
Cap Rate 7%
$164,171
Cap Rate 9%
$127,689
Alternative Uses
Best Use
Apartment 5plus
$164.2K
$143.7K – $191.5K
NOI $11,492 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$244.8K
$214.2K – $285.7K
NOI $17,139 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Utilities to site
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 - The 696-square-foot residence has one bedroom, one bath, hardwood floors, and a renovated kitchen.
Where is this residential income property located?
The property is located at 2312 COLSTON DRIVE Unit 2312-C Silver Spring, MD.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 696‑square‑foot residence with one bedroom and one bath; In‑unit washer and dryer; Renovated kitchen, hardwood floors, and fresh paint
