First-Level Residential Income
For Sale
$254,000
3355 UNIVERSITY BLVD W #2, Kensington, MD 20895
KENSINGTON, MD
Property Size1,220 SF
Price / SF$208.20
Days on Market203
Property Features for 3355 UNIVERSITY BLVD W #2
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 2, Bedroom 1
Subdivision
KENMANOR
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
secure building access with video monitoring
renovated shared laundry room
separate storage area
central air conditioning
Building Details
Year built
1964
Listing Agency:
One Bethesda
(240) 497-1700
Listed By:
Alexa S Goulding
Added: Mar 31
Changed: Oct 8
Last Checked: Oct 19 at 5:06AM
MLS# MDMC2224758
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.
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Investment Insights
Based on property information with market context.
This first-level condo offers three bedrooms, 1.5 bathrooms, and approximately 1,220 square feet of updated living space. The living and dining area has built-ins and LVP flooring, while the renovated kitchen features granite countertops, a gas range, and extensive cabinetry. Updated bathrooms, generous closets, gas heat, and central air conditioning are also included. The building was constructed in 1964.
Residents have secure building access with video monitoring, a shared laundry room across the hall, separate storage, and guest parking. A reserved parking space is located outside the unit. The building has no pet restrictions.
Kensington amenities cited nearby include parks, restaurants, a farmers market, boutiques, and Antique Row. The MARC train, Metro, the Beltway, and other commuter routes provide transportation connections; Westfield Wheaton and grocery stores are also nearby.
Residents have secure building access with video monitoring, a shared laundry room across the hall, separate storage, and guest parking. A reserved parking space is located outside the unit. The building has no pet restrictions.
Kensington amenities cited nearby include parks, restaurants, a farmers market, boutiques, and Antique Row. The MARC train, Metro, the Beltway, and other commuter routes provide transportation connections; Westfield Wheaton and grocery stores are also nearby.
Key Highlights
- Three bedrooms, 1.5 bathrooms, and approximately 1,220 square feet
- First‑level unit with stair‑free access and a reserved parking space outside
- Renovated kitchen with granite countertops, gas range, and abundant cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,144
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,880
$402.9K
Cap Rate 7%
$287,771
$287.8K
Cap Rate 9%
$223,822
$223.8K
Market Conditions
NOI Build-Up for 1,220 SF
Gross rent
$39.4K $32.28/SF
− Vacancy
−$2.8K −$2.26/SF
EGI
$36.6K $30.02/SF
− OpEx
−$16.5K −$13.51/SF
NOI
$20.1K $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%
$402,880
Cap Rate 7%
$287,771
Cap Rate 9%
$223,822
Alternative Uses
Best Use
Apartment 5plus
$287.8K
$251.8K – $335.7K
NOI $20,144 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$429.2K
$375.5K – $500.7K
NOI $30,042 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,707
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - A remodeled, stair-free home pairs an open living area with a renovated kitchen and reserved parking.
Where is this residential income property located?
The property is located at 3355 UNIVERSITY BLVD W #2 Kensington, MD.
What is the asking price?
The asking price for this property is $254,000.
What are key features of this property?
This property features: Three bedrooms, 1.5 bathrooms, and approximately 1,220 square feet; First‑level unit with stair‑free access and a reserved parking space outside; Renovated kitchen with granite countertops, gas range, and abundant cabinetry
