Residential Income Condo with
New
For Sale
$189,000
3310 N LEISURE WORLD BOULEVARD #922, Silver Spring, MD 20906
A one-bedroom, one-bath residence features a glass-enclosed sunroom and in-unit laundry.
Property Size930 SF
Price / SF$203.23
Days on Market5
Property Features for 3310 N LEISURE WORLD BOULEVARD #922
General Information
Standard status
Active
Size
930 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
walking paths
golf course
tennis and athletic courts
pickle ball
rec centers
on site businesses
indoor pool
outdoor pool
party rooms
Building Details
Year Built
1991
Listing Agency:
Long & Foster Real Estate, Inc.
(301) 299-6000
Listed By:
Michelle C Yu · License #580088
(240) 888-5076
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:47PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ninth-floor condo offers 930 square feet with one bedroom and one full bathroom. The kitchen has white cabinetry, wooden countertops, and stainless steel appliances, opening to living and dining areas. A glass-enclosed sunroom, walk-in closet, hallway vanity, and built-in laundry add to the unit’s configuration. The building dates to 1991.
The residence is within Leisure World, where amenities include walking paths, a golf course, tennis and athletic courts, pickleball, indoor and outdoor pools, recreation centers, medical services, shops, restaurants, and party rooms. The property is minutes from Olney, Rockville, downtown Silver Spring, the ICC, I-270, and I-495.
The residence is within Leisure World, where amenities include walking paths, a golf course, tennis and athletic courts, pickleball, indoor and outdoor pools, recreation centers, medical services, shops, restaurants, and party rooms. The property is minutes from Olney, Rockville, downtown Silver Spring, the ICC, I-270, and I-495.
Key Highlights
- Ninth‑floor, 930‑square‑foot condo
- One bedroom and one full bathroom
- Glass‑enclosed sunroom, walk‑in closet, and built‑in laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,355
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,100
$307.1K
Cap Rate 7%
$219,357
$219.4K
Cap Rate 9%
$170,611
$170.6K
Market Conditions
NOI Build-Up for 930 SF
Gross rent
$30.0K $32.28/SF
− Vacancy
−$2.1K −$2.26/SF
EGI
$27.9K $30.02/SF
− OpEx
−$12.6K −$13.51/SF
NOI
$15.4K $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%
$307,100
Cap Rate 7%
$219,357
Cap Rate 9%
$170,611
Alternative Uses
Best Use
Apartment 5plus
$219.4K
$191.9K – $255.9K
NOI $15,355 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$327.2K
$286.3K – $381.7K
NOI $22,901 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
474
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom, one-bath residence features a glass-enclosed sunroom and in-unit laundry.
Where is this residential income property located?
The property is located at 3310 N LEISURE WORLD BOULEVARD #922 Silver Spring, MD.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Ninth‑floor, 930‑square‑foot condo; One bedroom and one full bathroom; Glass‑enclosed sunroom, walk‑in closet, and built‑in laundry
