54-Unit Garden Apartment
For Sale
Contact for pricing
3401 University Blvd W, Kensington, MD 20895
Seven garden-style buildings offer a renovated multifamily layout near regional employment centers and higher-education institutions.
Property Size32,100 SF
Lot Size1.90 Acres
Days on Market8
Property Features for 3401 University Blvd W
General Information
Standard status
Active
Size
32,100 SF
Total Parking Spaces
54
Lot size
1.90 Acres
Property subtype
Multifamily
Occupancy
97%
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
30 x 1BR, 24 x 2BR
Multifamily Units
54
Amenities
54-Unit, Market-Rate Garden-Style Apartment Community on a 1.90-acre parcel
Seven Buildings Comprising 30 One-Bedroom and 24 Two-Bedroom Units
Historically Strong Occupancy and Stable In-Place Cash Flow
Separately Metered Electricity Paid Directly by Residents
46 of 54 HVAC Systems Replaced Between 2020 and 2026
Ongoing Unit Upgrades Completed Upon Turnover
Convenient Access to Wheaton, Silver Spring, Bethesda, and Washington, D.C.
Close Proximity to NIH, Walter Reed, FDA, Marriott International, and Federal Agencies
Building Details
Building Size
32,100 SF
Buildings
7
Units
54
Construction
garden-style
Listing Agency:
Marcus & Millichap Real Estate
Listed By:
Lorenzo Wooten, CCIM · License #License(s): MD: 629911, DC: SP98367898
(202) 536-3742
Source:
Marcusmillichap
Added: Sep 16
Changed: Sep 21
Last Checked: Sep 22 at 1:01PM
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 Marcus & Millichap Real Estate
Investment Insights
Based on property information with market context.
Kensington Gardens is a 54-unit apartment property comprising seven garden-style buildings on 1.90 acres. The unit mix includes 30 one-bedroom apartments and 24 two-bedroom apartments, with two manager units identified as non-revenue spaces. Property improvements include roof replacements, energy-efficient windows, electrical and plumbing upgrades, and lead-free certification completed in 2001. Forty-six of the 54 HVAC systems were replaced between 2020 and 2026, while turnover work includes flooring, cabinetry, and appliances.
The property fronts University Boulevard in Kensington, Maryland, with access to Wheaton, Downtown Silver Spring, Bethesda, and the broader Washington, D.C. metropolitan area. Nearby employment and institutional destinations identified for the property include the National Institutes of Health, Walter Reed National Military Medical Center, the U.S. Food and Drug Administration, Marriott International, federal agencies, Montgomery College, and the University of Maryland. Electricity is separately metered to residents; ownership is responsible for water and gas. The site also includes 54 parking spaces.
The property fronts University Boulevard in Kensington, Maryland, with access to Wheaton, Downtown Silver Spring, Bethesda, and the broader Washington, D.C. metropolitan area. Nearby employment and institutional destinations identified for the property include the National Institutes of Health, Walter Reed National Military Medical Center, the U.S. Food and Drug Administration, Marriott International, federal agencies, Montgomery College, and the University of Maryland. Electricity is separately metered to residents; ownership is responsible for water and gas. The site also includes 54 parking spaces.
Key Highlights
- 54‑unit apartment property on 1.90 acres
- Seven garden‑style buildings with 30 one‑bedroom and 24 two‑bedroom units
- 46 of 54 HVAC systems replaced between 2020 and 2026
Property Analytics
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Current Use
Lease Details
54
Residential units
Yes
Paved road access
Yes
Utilities to site
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven garden-style buildings offer a renovated multifamily layout near regional employment centers and higher-education institutions.
Where is this apartment building located?
The property is located at 3401 University Blvd W Kensington, MD.
What are key features of this property?
This property features: 54‑unit apartment property on 1.90 acres; Seven garden‑style buildings with 30 one‑bedroom and 24 two‑bedroom units; 46 of 54 HVAC systems replaced between 2020 and 2026
