Three-Bedroom Residential
For Sale
$215,000
3720 BEL PRE ROAD Unit 3720-1, Silver Spring, MD 20906
The second-floor home includes a private balcony, basement storage, and access to both in-unit hookups and shared laundry.
Property Size1,017 SF
Price / SF$211.41
Days on Market37
Property Features for 3720 BEL PRE ROAD Unit 3720-1
General Information
Standard status
Active
Size
1,017 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,288
Amenities
private balcony
in-unit washer/dryer hookup
common laundry room
dedicated storage area
Building Details
Building Size
1,017 SF
Year Built
1970
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 23
Changed: Oct 27
Last Checked: Oct 26 at 2:19PM
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 1,017-square-foot, three-bedroom condo occupies the second floor of a building constructed in 1970. The layout includes a living room and dining area, a walk-in closet in the primary bedroom, and a private balcony. Recent work includes fresh paint, luxury vinyl plank flooring, an updated kitchen, and a renovated bathroom. An in-unit washer and dryer hookup is provided, along with a common laundry room and dedicated basement storage.
One assigned parking space is included, with additional parking for a second vehicle and guest parking. All utilities are included in the condo fee. The property is near shopping centers, restaurants, and gyms, with Glenmont Metro a short drive away. Georgia Avenue, Connecticut Avenue, and the ICC/MD-200 provide regional road connections.
One assigned parking space is included, with additional parking for a second vehicle and guest parking. All utilities are included in the condo fee. The property is near shopping centers, restaurants, and gyms, with Glenmont Metro a short drive away. Georgia Avenue, Connecticut Avenue, and the ICC/MD-200 provide regional road connections.
Key Highlights
- Three bedrooms and 1,017 square feet on the building’s second floor
- Private balcony and primary bedroom walk‑in closet
- Updated kitchen, renovated bathroom, fresh paint, and new luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,792
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,840
$335.8K
Cap Rate 7%
$239,886
$239.9K
Cap Rate 9%
$186,578
$186.6K
Market Conditions
NOI Build-Up for 1,017 SF
Gross rent
$32.8K $32.28/SF
− Vacancy
−$2.3K −$2.26/SF
EGI
$30.5K $30.02/SF
− OpEx
−$13.7K −$13.51/SF
NOI
$16.8K $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%
$335,840
Cap Rate 7%
$239,886
Cap Rate 9%
$186,578
Alternative Uses
Best Use
Apartment 5plus
$239.9K
$209.9K – $279.9K
NOI $16,792 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$357.8K
$313.0K – $417.4K
NOI $25,043 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
410
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
Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor home includes a private balcony, basement storage, and access to both in-unit hookups and shared laundry.
Where is this residential income property located?
The property is located at 3720 BEL PRE ROAD Unit 3720-1 Silver Spring, MD.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Three bedrooms and 1,017 square feet on the building’s second floor; Private balcony and primary bedroom walk‑in closet; Updated kitchen, renovated bathroom, fresh paint, and new luxury vinyl plank flooring
