Residential Income Unit with
For Sale
$200,000
Pending
3740 BEL PRE ROAD Unit 8, Silver Spring, MD 20906
Two bedrooms, a private balcony, and shared recreational amenities shape this residential unit.
Property Size891 SF
Days on Market53
Property Features for 3740 BEL PRE ROAD Unit 8
General Information
Standard status
Pending
Size
891 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,720
Amenities
pool
tennis courts
balcony
Building Details
Building Size
891 SF
Year Built
1970
Construction
brick
Listing Agency:
Fairfax Realty Premier
Listed By:
Ana C. Soto · License #638892
(301) 437-4348
Source:
Jackrealtygroup
Added: Sep 9
Changed: Oct 27
Last Checked: Oct 26 at 4:26PM
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 Fairfax Realty Premier
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Investment Insights
Based on property information with market context.
This 891-square-foot residential unit has two bedrooms, one bathroom, and a traditional floor plan with a dining area. The kitchen includes a gas range, dishwasher, disposal, and space for a table. Brick construction and a private balcony are additional features.
Community amenities include an outdoor pool, tennis courts, and common grounds. Association services cover custodial maintenance and snow removal. The property was built in 1970.
Community amenities include an outdoor pool, tennis courts, and common grounds. Association services cover custodial maintenance and snow removal. The property was built in 1970.
Key Highlights
- 891‑square‑foot unit with 2 bedrooms and 1 bathroom
- Kitchen has a gas range, dishwasher, disposal, and table space
- Private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,711
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,220
$294.2K
Cap Rate 7%
$210,157
$210.2K
Cap Rate 9%
$163,456
$163.5K
Market Conditions
NOI Build-Up for 891 SF
Gross rent
$28.8K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$26.7K $30.02/SF
− OpEx
−$12.0K −$13.51/SF
NOI
$14.7K $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%
$294,220
Cap Rate 7%
$210,157
Cap Rate 9%
$163,456
Alternative Uses
Best Use
Apartment 5plus
$210.2K
$183.9K – $245.2K
NOI $14,711 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$313.4K
$274.3K – $365.7K
NOI $21,940 @ 7.0% cap · market cap 10.97%
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
534
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 - Two bedrooms, a private balcony, and shared recreational amenities shape this residential unit.
Where is this residential income property located?
The property is located at 3740 BEL PRE ROAD Unit 8 Silver Spring, MD.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 891‑square‑foot unit with 2 bedrooms and 1 bathroom; Kitchen has a gas range, dishwasher, disposal, and table space; Private balcony
