Residential Income
2501 MCVEARY COURT Unit 11C-C, Silver Spring, MD 20906
For Sale
$184,900
The 922-square-foot unit has two bedrooms, two full bathrooms, and an in-unit washer and dryer.
Property Size922 SF
Price / SF$200.54
Days on Market278
Property Features for 2501 MCVEARY COURT Unit 11C-C
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer and dryer
clubhouse
swimming pool
tennis courts
Building Details
Building Size
Year Built
Listing Agency:
Smart Realty, LLC
Listed By:
Stella M Bonilla · License #504197
(301) 674-0265
Source:
Signaturemoverealestate
Added: Feb 4
Changed: Nov 6
Last Checked: Nov 7 at 10:18AM
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 Smart Realty, LLC
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Investment Insights
Based on property information with market context.
This 1988-built condominium offers two bedrooms and two full bathrooms across 922 square feet. Vinyl flooring runs through the living room and bedrooms, while the kitchen has ceramic tile and a table-space dining area. A living-room bump-out adds flexible space. The unit also includes a washer and dryer and is being sold as-is.
Community amenities include a clubhouse, swimming pool, and tennis courts. Water is included in the condominium association fees.
Community amenities include a clubhouse, swimming pool, and tennis courts. Water is included in the condominium association fees.
Key Highlights
- 922‑square‑foot condominium with two bedrooms and two full bathrooms
- In‑unit washer and dryer
- Vinyl flooring in living room and bedrooms; ceramic tile in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,223
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,460
$304.5K
Cap Rate 7%
$217,471
$217.5K
Cap Rate 9%
$169,144
$169.1K
Market Conditions
NOI Build-Up for 922 SF
Gross rent
$29.8K $32.28/SF
− Vacancy
−$2.1K −$2.26/SF
EGI
$27.7K $30.02/SF
− OpEx
−$12.5K −$13.51/SF
NOI
$15.2K $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%
$304,460
Cap Rate 7%
$217,471
Cap Rate 9%
$169,144
Alternative Uses
Best Use
Apartment 5plus
$217.5K
$190.3K – $253.7K
NOI $15,223 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$324.3K
$283.8K – $378.4K
NOI $22,704 @ 7.0% cap · market cap 12.28%
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
193
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
$440,600
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Montgomery County, MD
Properties on Market for Residential income properties in Montgomery County
Frequently Asked Questions
What type of property is this?
Residential income property - The 922-square-foot unit has two bedrooms, two full bathrooms, and an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 2501 MCVEARY COURT Unit 11C-C Silver Spring, MD.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: 922‑square‑foot condominium with two bedrooms and two full bathrooms; In‑unit washer and dryer; Vinyl flooring in living room and bedrooms; ceramic tile in kitchen
