Two-Bedroom
For Sale
$219,000
3382 HEWITT AVENUE Unit 102, Silver Spring, MD 20906
A single-level layout pairs open living and dining areas with a functional kitchen and cabinet storage.
Property Size719 SF
Price / SF$304.59
Days on Market152
Property Features for 3382 HEWITT AVENUE Unit 102
General Information
Standard status
Active
Size
719 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,985
Building Details
Building Size
719 SF
Year Built
1970
Listing Agency:
Keller Williams Realty
Listed By:
John Murdock · License #0225208145
(703) 541-8659
Source:
Jackrealtygroup
Added: May 30
Changed: Oct 27
Last Checked: Oct 26 at 2:40PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 719-square-foot condominium in the Aspen Green community has two bedrooms and one bathroom. Its one-level floor plan includes an open living and dining area, a kitchen with cabinet storage, and updated flooring. Natural light is noted throughout the interior, and the building dates to 1970.
The property is at 3382 Hewitt Avenue in Silver Spring. Georgia Avenue and the ICC are identified as nearby commuter routes, with shopping, dining, and public transportation also in the surrounding area.
The property is at 3382 Hewitt Avenue in Silver Spring. Georgia Avenue and the ICC are identified as nearby commuter routes, with shopping, dining, and public transportation also in the surrounding area.
Key Highlights
- 719 square feet with two bedrooms and one bathroom
- Single‑level floor plan with open living and dining areas
- Kitchen includes cabinet storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,872
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,440
$237.4K
Cap Rate 7%
$169,600
$169.6K
Cap Rate 9%
$131,911
$131.9K
Market Conditions
NOI Build-Up for 719 SF
Gross rent
$23.2K $32.28/SF
− Vacancy
−$1.6K −$2.26/SF
EGI
$21.6K $30.02/SF
− OpEx
−$9.7K −$13.51/SF
NOI
$11.9K $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%
$237,440
Cap Rate 7%
$169,600
Cap Rate 9%
$131,911
Alternative Uses
Best Use
Apartment 5plus
$169.6K
$148.4K – $197.9K
NOI $11,872 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$252.9K
$221.3K – $295.1K
NOI $17,705 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Residential income property - A single-level layout pairs open living and dining areas with a functional kitchen and cabinet storage.
Where is this residential income property located?
The property is located at 3382 HEWITT AVENUE Unit 102 Silver Spring, MD.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 719 square feet with two bedrooms and one bathroom; Single‑level floor plan with open living and dining areas; Kitchen includes cabinet storage
