Condominium with Private
3825 DOC BERLIN DRIVE Unit 15, Silver Spring, MD 20906
For Sale
$285,000
The one-bedroom, one-bath home has an open-plan living and dining area with a walk-out patio.
Property Size843 SF
Price / SF$338.08
Days on Market81
Property Features for 3825 DOC BERLIN DRIVE Unit 15
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Realty Services
Listed By:
Michael J Altobelli · License #579351
(240) 498-7319
Source:
Signaturemoverealestate
Added: Aug 21
Changed: Nov 6
Last Checked: Nov 8 at 10:25AM
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 RE/MAX Realty Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2017, this 843-square-foot condominium has one bedroom, one bathroom, and an open living and dining area. Engineered hardwood flooring runs through the home, while the kitchen includes white cabinetry, granite counters, stainless steel appliances, and storage. A private patio is accessible from the living and dining space.
The property is just off Georgia Avenue, with Giant Food, shops, and restaurants nearby. Access to the ICC (Route 200), I-270, and I-95 is also noted, as is Rock Creek Regional Park and its trails.
The property is just off Georgia Avenue, with Giant Food, shops, and restaurants nearby. Access to the ICC (Route 200), I-270, and I-95 is also noted, as is Rock Creek Regional Park and its trails.
Key Highlights
- 843‑square‑foot condominium built in 2017
- One bedroom and one bathroom with an open living and dining area
- Private walk‑out patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,919
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,380
$278.4K
Cap Rate 7%
$198,843
$198.8K
Cap Rate 9%
$154,656
$154.7K
Market Conditions
NOI Build-Up for 843 SF
Gross rent
$27.2K $32.28/SF
− Vacancy
−$1.9K −$2.26/SF
EGI
$25.3K $30.02/SF
− OpEx
−$11.4K −$13.51/SF
NOI
$13.9K $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%
$278,380
Cap Rate 7%
$198,843
Cap Rate 9%
$154,656
Alternative Uses
Best Use
Apartment 5plus
$198.8K
$174.0K – $232.0K
NOI $13,919 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$296.5K
$259.5K – $346.0K
NOI $20,758 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
420
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
$440,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Montgomery County, MD
Properties on Market for Residential income properties in Montgomery County
Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom, one-bath home has an open-plan living and dining area with a walk-out patio.
Where is this residential income property located?
The property is located at 3825 DOC BERLIN DRIVE Unit 15 Silver Spring, MD.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 843‑square‑foot condominium built in 2017; One bedroom and one bathroom with an open living and dining area; Private walk‑out patio
