Updated Residential Income
For Sale
$229,990
3854 BEL PRE ROAD Unit 13, Silver Spring, MD 20906
Top-floor condominium with a private balcony, renovated kitchen finishes, and utilities included in the monthly condominium fee.
Property Size1,036 SF
Price / SF$221
Days on Market131
Property Features for 3854 BEL PRE ROAD Unit 13
General Information
Standard status
Active
Size
1,036 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,008
Building Details
Building Size
1,036 SF
Year Built
1971
Listing Agency:
RE/MAX Premiere Selections
Listed By:
Jared A Cardoza · License #SP98368633
(301) 466-0736
Source:
Jackrealtygroup
Added: Jun 20
Changed: Oct 27
Last Checked: Oct 26 at 4:25PM
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 Premiere Selections
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Investment Insights
Based on property information with market context.
This 1,036-square-foot, top-floor condominium has 3 bedrooms, 2 full bathrooms, and a private balcony. Built in 1971, the residence features updated windows and a refreshed kitchen with granite countertops, refurbished cabinetry, a stove, microwave, dishwasher, and luxury vinyl plank flooring. The monthly condominium fee includes utilities.
The property is in Silver Spring, with access to MD-200 (ICC), commuter routes, and public transportation. Nearby shopping destinations include Leisure World Plaza, Aspen Hill Shopping Center, and Plaza del Mercado. The building is not currently FHA approved; prospective buyers can consult their lender about financing options.
The property is in Silver Spring, with access to MD-200 (ICC), commuter routes, and public transportation. Nearby shopping destinations include Leisure World Plaza, Aspen Hill Shopping Center, and Plaza del Mercado. The building is not currently FHA approved; prospective buyers can consult their lender about financing options.
Key Highlights
- 1,036‑square‑foot condominium with 3 bedrooms and 2 full bathrooms
- Top‑floor unit with a private balcony
- Monthly condominium fee includes all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,106
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,120
$342.1K
Cap Rate 7%
$244,371
$244.4K
Cap Rate 9%
$190,067
$190.1K
Market Conditions
NOI Build-Up for 1,036 SF
Gross rent
$33.4K $32.28/SF
− Vacancy
−$2.3K −$2.26/SF
EGI
$31.1K $30.02/SF
− OpEx
−$14.0K −$13.51/SF
NOI
$17.1K $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%
$342,120
Cap Rate 7%
$244,371
Cap Rate 9%
$190,067
Alternative Uses
Best Use
Apartment 5plus
$244.4K
$213.8K – $285.1K
NOI $17,106 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$364.4K
$318.9K – $425.2K
NOI $25,511 @ 7.0% cap · market cap 11.09%
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
Location Intelligence
Trade Area within ½ mile
532
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor condominium with a private balcony, renovated kitchen finishes, and utilities included in the monthly condominium fee.
Where is this residential income property located?
The property is located at 3854 BEL PRE ROAD Unit 13 Silver Spring, MD.
What is the asking price?
The asking price for this property is $229,990.
What are key features of this property?
This property features: 1,036‑square‑foot condominium with 3 bedrooms and 2 full bathrooms; Top‑floor unit with a private balcony; Monthly condominium fee includes all utilities
