Residential Income Property with Updated
For Sale
$169,000
3355 UNIVERSITY BLVD W #206, Kensington, MD 20895
KENSINGTON, MD
Property Size863 SF
Price / SF$195.83
Days on Market217
Property Features for 3355 UNIVERSITY BLVD W #206
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
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
updated kitchen
Building Details
Year built
1964
Listing Agency:
One Bethesda
(240) 497-1700
Listed By:
Nelda L Harris
Added: Mar 19
Changed: Oct 16
Last Checked: Oct 21 at 6:06PM
MLS# MDMC2221280
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 second-floor residential income property offers 863 square feet with two bedrooms, one bathroom, and a layout designed around comfortable daily living. Built in 1964, the condominium includes an updated kitchen with stainless steel appliances, abundant natural light, and one dedicated parking space. The property is situated within a 30-unit building.
Located at 3355 University Blvd W in Kensington, the condo is approximately one mile from Red Line Metro service. Shopping, dining, and a local shopping mall are nearby, adding practical convenience for residents and supporting the property's appeal as a residential holding.
Located at 3355 University Blvd W in Kensington, the condo is approximately one mile from Red Line Metro service. Shopping, dining, and a local shopping mall are nearby, adding practical convenience for residents and supporting the property's appeal as a residential holding.
Key Highlights
- 863‑square‑foot condominium with 2 bedrooms and 1 bathroom
- Updated kitchen equipped with stainless steel appliances
- One dedicated parking space included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,249
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,980
$285.0K
Cap Rate 7%
$203,557
$203.6K
Cap Rate 9%
$158,322
$158.3K
Market Conditions
NOI Build-Up for 863 SF
Gross rent
$27.9K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$25.9K $30.02/SF
− OpEx
−$11.7K −$13.51/SF
NOI
$14.2K $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%
$284,980
Cap Rate 7%
$203,557
Cap Rate 9%
$158,322
Alternative Uses
Best Use
Apartment 5plus
$203.6K
$178.1K – $237.5K
NOI $14,249 @ 7.0% cap · market cap 8.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$303.6K
$265.6K – $354.2K
NOI $21,251 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
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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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condo in a 30-unit building with dedicated parking and convenient access to shopping, dining, and Metro service.
Where is this residential income property located?
The property is located at 3355 UNIVERSITY BLVD W #206 Kensington, MD.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 863‑square‑foot condominium with 2 bedrooms and 1 bathroom; Updated kitchen equipped with stainless steel appliances; One dedicated parking space included
