Top-Floor Residential
For Sale
$252,999
3240 HEWITT AVENUE Unit 6-3-A, Silver Spring, MD 20906
Three bedrooms, private outdoor space, and community pool access complement the updated interior.
Property Size1,105 SF
Price / SF$228.96
Days on Market194
Property Features for 3240 HEWITT AVENUE Unit 6-3-A
General Information
Standard status
Active
Size
1,105 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,817
Amenities
community pool
in-unit washer and dryer
private balcony
Building Details
Building Size
1,105 SF
Year Built
1968
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Apr 18
Changed: Oct 27
Last Checked: Oct 26 at 3:54PM
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 Jack Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This top-floor condominium offers 1,105 square feet with three bedrooms and two bathrooms. Interior features include refinished hardwood flooring, an updated kitchen and baths, and an in-unit washer and dryer. The HVAC system was replaced three years ago. A private balcony faces green space, and residents can also use the community pool. The building dates to 1968.
The property is near Glenmont Metro, the ICC, parks, shopping, dining, and everyday services. The condo fee includes all utilities.
The property is near Glenmont Metro, the ICC, parks, shopping, dining, and everyday services. The condo fee includes all utilities.
Key Highlights
- 1,105‑square‑foot, top‑floor condo with three bedrooms and two bathrooms
- Private balcony overlooking green space
- Community pool available to residents
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.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
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
Frequently Asked Questions
What type of property is this?
Residential income property - Three bedrooms, private outdoor space, and community pool access complement the updated interior.
Where is this residential income property located?
The property is located at 3240 HEWITT AVENUE Unit 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: 1,105‑square‑foot, top‑floor condo with three bedrooms and two bathrooms; Private balcony overlooking green space; Community pool available to residents
