Top-Floor Residential Income
For Sale
$252,999
3240 HEWITT AVE #6-3-A, Silver Spring, MD 20906
SILVER SPRING, MD
Property Size1,105 SF
Price / SF$228.96
Days on Market178
Property Features for 3240 HEWITT AVE #6-3-A
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bedroom 1
Subdivision
WESTCHESTER WEST
Elementary school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Middle school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
High school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Standard status
Active
Amenities
private balcony
community pool
in-unit washer and dryer
Building Details
Year built
1968
Listing Agency:
Navy Yard
(202) 547-9200
Listed By:
Yanira Rodriguez
Added: Apr 18
Changed: Sep 30
Last Checked: Oct 12 at 5:06AM
MLS# MDMC2228198
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This top-floor condominium includes 3 bedrooms, 2 baths, and 1,105 square feet of updated interior space. Refinished hardwood flooring, renovated kitchen and bathroom areas, abundant natural light, and an in-unit washer and dryer are among the interior features. The HVAC system was replaced three years ago, and the condo fee includes all utilities. A private balcony faces green space, while the community also offers a pool.
Built in 1968, the property is near Glenmont Metro, the ICC, parks, shopping, dining, and everyday services. Its Silver Spring address places the residence within Montgomery County and ZIP Code 20906.
Built in 1968, the property is near Glenmont Metro, the ICC, parks, shopping, dining, and everyday services. Its Silver Spring address places the residence within Montgomery County and ZIP Code 20906.
Key Highlights
- 3‑bedroom, 2‑bath condominium with 1,105 sq. ft. of interior space
- Top‑floor residence with private balcony overlooking green space
- Condo fee includes all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,245
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,900
$364.9K
Cap Rate 7%
$260,643
$260.6K
Cap Rate 9%
$202,722
$202.7K
Market Conditions
NOI Build-Up for 1,105 SF
Gross rent
$35.7K $32.28/SF
− Vacancy
−$2.5K −$2.26/SF
EGI
$33.2K $30.02/SF
− OpEx
−$14.9K −$13.51/SF
NOI
$18.2K $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%
$364,900
Cap Rate 7%
$260,643
Cap Rate 9%
$202,722
Alternative Uses
Best Use
Apartment 5plus
$260.6K
$228.1K – $304.1K
NOI $18,245 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$388.7K
$340.1K – $453.5K
NOI $27,210 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
510
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium with three bedrooms, two baths, utility-inclusive condo fees, and a private balcony overlooking green space.
Where is this residential income property located?
The property is located at 3240 HEWITT AVE #6-3-A Silver Spring, MD.
What is the asking price?
The asking price for this property is $252,999.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath condominium with 1,105 sq. ft. of interior space; Top‑floor residence with private balcony overlooking green space; Condo fee includes all utilities
