Top-Floor Two-Bedroom
For Sale
$299,000
2406 COLSTON DRIVE Unit 301-C, Silver Spring, MD 20910
The unit includes in-home laundry, assigned parking, and access to a community EV charging station.
Property Size907 SF
Price / SF$329.66
Days on Market63
Property Features for 2406 COLSTON DRIVE Unit 301-C
General Information
Standard status
Active
Size
907 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,380
Amenities
in-unit washer/dryer
EV charging station
Building Details
Building Size
907 SF
Year Built
1948
Listing Agency:
RE/MAX Realty Group
Listed By:
Adam S Bashein · License #618209
(301) 943-4370
Source:
Districtpropertygroup
Added: Aug 27
Changed: Oct 27
Last Checked: Oct 26 at 4:14PM
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 Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 907-square-foot condominium was built in 1948 and has two bedrooms, a separate dining room, hardwood flooring, and a kitchen with granite counters. The top-floor unit receives natural light through multiple windows and has no unit above it. Recent work includes fresh paint and a replacement kitchen floor; one room also has a new window air-conditioning unit. A washer and dryer are located inside the unit, and two assigned parking spaces are included. Residents can use a community EV charging station.
The property is in Silver Spring, near the Silver Spring Metro, shops, and restaurants. Beach Parkway, Montgomery Blair Portal, and Rock Creek Stream Valley Park are also nearby. The listing provides Walk, Transit, and Bike Scores of 68, 51, and 74, respectively.
The property is in Silver Spring, near the Silver Spring Metro, shops, and restaurants. Beach Parkway, Montgomery Blair Portal, and Rock Creek Stream Valley Park are also nearby. The listing provides Walk, Transit, and Bike Scores of 68, 51, and 74, respectively.
Key Highlights
- 907‑square‑foot, two‑bedroom condominium on the top floor
- Separate dining room, hardwood floors, and kitchen with granite counters
- In‑unit washer and dryer; two assigned parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,976
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,520
$299.5K
Cap Rate 7%
$213,943
$213.9K
Cap Rate 9%
$166,400
$166.4K
Market Conditions
NOI Build-Up for 907 SF
Gross rent
$29.3K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$27.2K $30.02/SF
− OpEx
−$12.3K −$13.51/SF
NOI
$15.0K $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%
$299,520
Cap Rate 7%
$213,943
Cap Rate 9%
$166,400
Alternative Uses
Best Use
Apartment 5plus
$213.9K
$187.2K – $249.6K
NOI $14,976 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$319.1K
$279.2K – $372.2K
NOI $22,334 @ 7.0% cap · market cap 7.47%
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
459
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 unit includes in-home laundry, assigned parking, and access to a community EV charging station.
Where is this residential income property located?
The property is located at 2406 COLSTON DRIVE Unit 301-C Silver Spring, MD.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 907‑square‑foot, two‑bedroom condominium on the top floor; Separate dining room, hardwood floors, and kitchen with granite counters; In‑unit washer and dryer; two assigned parking spaces
