Residential Income Property with
For Sale
$240,000
3333 UNIVERSITY BOULEVARD W Unit 703, Kensington, MD 20895
The condo fee includes all utilities, alongside access to shared building amenities.
Property Size1,208 SF
Price / SF$198.68
Days on Market24
Property Features for 3333 UNIVERSITY BOULEVARD W Unit 703
General Information
Standard status
Active
Size
1,208 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,119
Amenities
concierge service
mailroom
Amazon package locker room
lower-level laundry facilities
penthouse party room
rooftop access
rooftop swimming pool
Building Details
Building Size
1,208 SF
Year Built
1964
Listing Agency:
Samson Properties
Listed By:
Richard Owusu-Ansah · License #664187
(202) 600-6517
Source:
Dmvliving
Added: Oct 5
Changed: Oct 27
Last Checked: Oct 27 at 3:29AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
Unit 703 is a one-bedroom residence with an open layout, vinyl flooring, an updated kitchen and bathroom, and substantial closet storage. Its full-length balcony can be reached from the living room, kitchen, and bedroom. The building dates to 1964 and offers concierge service, a mailroom, package lockers, laundry facilities, a penthouse party room, rooftop access, and a rooftop swimming pool. The condo fee covers all utilities.
At 3333 University Boulevard W in Kensington, the property is described as near shopping centers, major highways, and local attractions. The balcony offers views, and the residence has a generously sized bedroom.
At 3333 University Boulevard W in Kensington, the property is described as near shopping centers, major highways, and local attractions. The balcony offers views, and the residence has a generously sized bedroom.
Key Highlights
- One‑bedroom residence with an open floor plan
- Balcony runs the full length of the unit, with access from three rooms
- Updated kitchen and bathroom; vinyl flooring and ample closet storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,946
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,920
$398.9K
Cap Rate 7%
$284,943
$284.9K
Cap Rate 9%
$221,622
$221.6K
Market Conditions
NOI Build-Up for 1,208 SF
Gross rent
$39.0K $32.28/SF
− Vacancy
−$2.7K −$2.26/SF
EGI
$36.3K $30.02/SF
− OpEx
−$16.3K −$13.51/SF
NOI
$19.9K $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%
$398,920
Cap Rate 7%
$284,943
Cap Rate 9%
$221,622
Alternative Uses
Best Use
Apartment 5plus
$284.9K
$249.3K – $332.4K
NOI $19,946 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$424.9K
$371.8K – $495.8K
NOI $29,746 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
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Business Placement
Demographics for 20895, MD
19,753
Population
7,316
Households
2.7
Avg Household Size
42
Median Age
74%
College-Educated
97%
High-School Grad
4.1 sq mi
ZIP Area
4,818
Density / Sq Mi
$169,527
Median Household Income
$88,513
Median Earnings
$2,075
Median Rent
$744,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo fee includes all utilities, alongside access to shared building amenities.
Where is this residential income property located?
The property is located at 3333 UNIVERSITY BOULEVARD W Unit 703 Kensington, MD.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: One‑bedroom residence with an open floor plan; Balcony runs the full length of the unit, with access from three rooms; Updated kitchen and bathroom; vinyl flooring and ample closet storage
