Two-Bedroom Residential
For Sale
$420,000
3210 N LEISURE WORLD BOULEVARD N Unit 420, Silver Spring, MD 20906
An enclosed sunroom, gas fireplace, and separate den extend the home’s living and work-from-home options.
Property Size1,490 SF
Price / SF$281.88
Days on Market219
Property Features for 3210 N LEISURE WORLD BOULEVARD N Unit 420
General Information
Standard status
Active
Size
1,490 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,518
Amenities
gas fireplace
sunroom
in-unit washer/dryer
updated kitchen
indoor pool
fitness center
billiards room
ping pong room
auditorium
pickleball courts
18-hole golf course
restaurants
pub
outdoor pool
art studio
woodworking shop
library
MedStar Health Center
24-hour security
smoke-free building
Building Details
Building Size
1,490 SF
Year Built
2001
Listing Agency:
Compass
Listed By:
Rochelle A Ruffin · License #532390
(202) 531-8686
Source:
Gallerycollectivere
Added: Mar 28
Changed: Nov 1
Last Checked: Nov 1 at 3:34PM
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 Compass
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Investment Insights
Based on property information with market context.
This 2001 residence offers two bedrooms, two bathrooms, and a separate den. The living and dining area centers on a gas fireplace and connects to an enclosed sunroom with floor-to-ceiling windows and dedicated heating and air conditioning vents. The kitchen includes granite countertops, stainless steel appliances, cabinetry, and a table area. The primary suite has a walk-in closet, additional closet space, an updated bathroom, and a stackable washer and dryer. The second bedroom has its own updated bathroom and direct sunroom access.
The home is in Vantage Point West, within a gated 55+ community with 24-hour security. Clubhouse II is nearby, with an indoor pool, fitness center, billiards and ping pong rooms, auditorium, and pickleball courts. Other community amenities include an 18-hole golf course, two restaurants, a pub, an outdoor pool with lanai, an art studio, a woodworking shop, and a library. MedStar Health Center is across the street.
The home is in Vantage Point West, within a gated 55+ community with 24-hour security. Clubhouse II is nearby, with an indoor pool, fitness center, billiards and ping pong rooms, auditorium, and pickleball courts. Other community amenities include an 18-hole golf course, two restaurants, a pub, an outdoor pool with lanai, an art studio, a woodworking shop, and a library. MedStar Health Center is across the street.
Key Highlights
- Two bedrooms, two bathrooms, and a separate den
- Enclosed sunroom has floor‑to‑ceiling windows and dedicated heating and air conditioning vents
- Gas fireplace anchors the living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,602
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,040
$492.0K
Cap Rate 7%
$351,457
$351.5K
Cap Rate 9%
$273,356
$273.4K
Market Conditions
NOI Build-Up for 1,490 SF
Gross rent
$48.1K $32.28/SF
− Vacancy
−$3.4K −$2.26/SF
EGI
$44.7K $30.02/SF
− OpEx
−$20.1K −$13.51/SF
NOI
$24.6K $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%
$492,040
Cap Rate 7%
$351,457
Cap Rate 9%
$273,356
Alternative Uses
Best Use
Apartment 5plus
$351.5K
$307.5K – $410.0K
NOI $24,602 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$524.1K
$458.6K – $611.5K
NOI $36,690 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
497
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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Frequently Asked Questions
What type of property is this?
Residential income property - An enclosed sunroom, gas fireplace, and separate den extend the home’s living and work-from-home options.
Where is this residential income property located?
The property is located at 3210 N LEISURE WORLD BOULEVARD N Unit 420 Silver Spring, MD.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two bedrooms, two bathrooms, and a separate den; Enclosed sunroom has floor‑to‑ceiling windows and dedicated heating and air conditioning vents; Gas fireplace anchors the living and dining area
