Updated Residential Income
For Sale
$175,000
3386 HEWITT AVENUE Unit 101, Silver Spring, MD 20906
The unit includes a washer and dryer and opens onto a common area.
Property Size719 SF
Price / SF$243.39
Days on Market12
Property Features for 3386 HEWITT AVENUE Unit 101
General Information
Standard status
Active
Size
719 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,881
Amenities
Washer and Dryer in unit
Building Details
Building Size
719 SF
Year Built
1970
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 17
Changed: Oct 27
Last Checked: Oct 26 at 2:35PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This residential income property was built in 1970 and has been updated with fresh paint, new flooring, and new appliances. A washer and dryer are located in the unit, which opens onto a common area. Immediate occupancy is available.
Key Highlights
- In‑unit washer and dryer
- Opens onto a common area
- Updated with new flooring and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,872
Cap Rate
6.78%
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 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$252.9K
$221.3K – $295.1K
NOI $17,705 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
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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 - The unit includes a washer and dryer and opens onto a common area.
Where is this residential income property located?
The property is located at 3386 HEWITT AVENUE Unit 101 Silver Spring, MD.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: In‑unit washer and dryer; Opens onto a common area; Updated with new flooring and appliances
