Residential Income Condo with
2511 MCVEARY COURT Unit 10BB, Silver Spring, MD 20906
For Sale
$222,000
Updated two-bedroom unit opens onto a level yard and patio through a sliding glass door.
Property Size922 SF
Price / SF$240.78
Days on Market45
Property Features for 2511 MCVEARY COURT Unit 10BB
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Priscilla L Platnik · License #60215
(301) 237-6884
Source:
Signaturemoverealestate
Added: Sep 25
Changed: Nov 6
Last Checked: Nov 7 at 10:05AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 922-square-foot, two-bedroom, two-bathroom condo was built in 1988 and has received a range of interior updates. Improvements include LVP flooring, carpet, bathroom tile, vanities, mirrors, fixtures, window blinds, and fresh paint. Kitchen counters and the shower pan and bathtub have been reglazed. The unit also has large windows and a sliding glass door leading to a patio and level yard.
Community amenities include swimming pools, tennis courts, tot lots, and play areas. The property is near Route 200, other commuter roads, and shopping.
Community amenities include swimming pools, tennis courts, tot lots, and play areas. The property is near Route 200, other commuter roads, and shopping.
Key Highlights
- 922‑square‑foot condo with two bedrooms and two bathrooms
- Patio and level yard accessed through a sliding glass door
- Interior updates include new LVP flooring, carpet, bathroom tile, vanities, mirrors, fixtures, blinds, and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,223
Cap Rate
6.86%
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 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$324.3K
$283.8K – $378.4K
NOI $22,704 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
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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
$440,600
Median Home Value
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Market
Average Price Trend$/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 - Updated two-bedroom unit opens onto a level yard and patio through a sliding glass door.
Where is this residential income property located?
The property is located at 2511 MCVEARY COURT Unit 10BB Silver Spring, MD.
What is the asking price?
The asking price for this property is $222,000.
What are key features of this property?
This property features: 922‑square‑foot condo with two bedrooms and two bathrooms; Patio and level yard accessed through a sliding glass door; Interior updates include new LVP flooring, carpet, bathroom tile, vanities, mirrors, fixtures, blinds, and paint
