Residential Income Property with
New
For Sale
$850,000
2747 LINDEN LANE Unit 207, Silver Spring, MD 20910
The 1,470-square-foot home offers two bedrooms, two baths, and elevator access in a historic building.
Property Size1,470 SF
Days on Market5
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Property Features for 2747 LINDEN LANE Unit 207
General Information
Standard status
Active
Size
1,470 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,006
Amenities
private climate-controlled storage
private balcony
Building Details
Building Size
1,470 SF
Year Built
1907
Year Renovated
2015
Buildings
1
Listing Agency:
RESDI Real Estate, LLC
Listed By:
Colleen M Lee · License #597626
(202) 494-4519
Source:
Barnesrealestatecompany
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 15 at 4:27AM
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 RESDI Real Estate, LLC
Investment Insights
Based on property information with market context.
This single-level residential property contains 1,470 square feet, two bedrooms, and two bathrooms. Eighteen Palladian-style windows bring natural light into the interior, while a 600-square-foot private balcony extends the living area outdoors. Interior features include honed marble countertops, built-in library shelving and cabinetry, ceiling fans, and appliances replaced in 2022. The unit also includes climate-controlled private storage and two reserved parking spaces.
The condominium building was constructed in 1907 as a seminary gymnasium and converted into 12 residences in 2015. Elevator access serves the building.
The condominium building was constructed in 1907 as a seminary gymnasium and converted into 12 residences in 2015. Elevator access serves the building.
Key Highlights
- 1,470‑square‑foot, single‑level residence with two bedrooms and two bathrooms
- 600‑square‑foot private balcony
- 18 Palladian‑style windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,271
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,420
$485.4K
Cap Rate 7%
$346,729
$346.7K
Cap Rate 9%
$269,678
$269.7K
Market Conditions
NOI Build-Up for 1,470 SF
Gross rent
$47.5K $32.28/SF
− Vacancy
−$3.3K −$2.26/SF
EGI
$44.1K $30.02/SF
− OpEx
−$19.9K −$13.51/SF
NOI
$24.3K $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%
$485,420
Cap Rate 7%
$346,729
Cap Rate 9%
$269,678
Alternative Uses
Best Use
Apartment 5plus
$346.7K
$303.4K – $404.5K
NOI $24,271 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$517.1K
$452.5K – $603.3K
NOI $36,198 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
497
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1,470-square-foot home offers two bedrooms, two baths, and elevator access in a historic building.
Where is this residential income property located?
The property is located at 2747 LINDEN LANE Unit 207 Silver Spring, MD.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1,470‑square‑foot, single‑level residence with two bedrooms and two bathrooms; 600‑square‑foot private balcony; 18 Palladian‑style windows
