Residential Income
For Sale
$190,000
3934 BEL PRE ROAD Unit 3934-2, Silver Spring, MD 20906
A functional interior layout and natural light shape the condo’s living space.
Property Size976 SF
Price / SF$194.67
Days on Market85
Property Features for 3934 BEL PRE ROAD Unit 3934-2
General Information
Standard status
Active
Size
976 SF
Property subtype
Unit/Flat/Apartment
Net Operating Income
$15,900
Financials
Average Monthly Rent
$2,275
HOA Fee
$770
Additional Details
Highway Access
Yes
Multifamily Units
1
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$485
Building Details
Building Size
976 SF
Year Built
1970
Listing Agency:
Caprika Realty
Listed By:
Carlos Contreras · License #5002461
(443) 510-2988
Source:
Jackrealtygroup
Added: Aug 5
Changed: Oct 27
Last Checked: Oct 26 at 2:34PM
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 Caprika Realty
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.
This residential income property is a 976-square-foot condo built in 1970. Its interior has a functional layout and natural light, with updates left for a future owner to complete.
The condo is in Silver Spring, with access to the ICC, I-495, Georgia Avenue, and Route 29. Shopping, restaurants, parks, and public transportation are nearby.
The condo is in Silver Spring, with access to the ICC, I-495, Georgia Avenue, and Route 29. Shopping, restaurants, parks, and public transportation are nearby.
Key Highlights
- 976‑square‑foot condo
- Built in 1970
- Access to the ICC, I‑495, Georgia Avenue, and Route 29
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,115
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,300
$322.3K
Cap Rate 7%
$230,214
$230.2K
Cap Rate 9%
$179,056
$179.1K
Market Conditions
NOI Build-Up for 976 SF
Gross rent
$31.5K $32.28/SF
− Vacancy
−$2.2K −$2.26/SF
EGI
$29.3K $30.02/SF
− OpEx
−$13.2K −$13.51/SF
NOI
$16.1K $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%
$322,300
Cap Rate 7%
$230,214
Cap Rate 9%
$179,056
Alternative Uses
Best Use
Apartment 5plus
$230.2K
$201.4K – $268.6K
NOI $16,115 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$343.3K
$300.4K – $400.6K
NOI $24,033 @ 7.0% cap · market cap 12.65%
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
Location Intelligence
Trade Area within ½ mile
403
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 - A functional interior layout and natural light shape the condo’s living space.
Where is this residential income property located?
The property is located at 3934 BEL PRE ROAD Unit 3934-2 Silver Spring, MD.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 976‑square‑foot condo; Built in 1970; Access to the ICC, I‑495, Georgia Avenue, and Route 29
