Residential Income Property with
For Sale
$180,000
3970 BEL PRE ROAD Unit 3970-7, Silver Spring, MD 20906
The condominium fee covers all utilities, and the unit includes an in-kitchen stacked washer and dryer.
Property Size942 SF
Price / SF$191.08
Days on Market98
Property Features for 3970 BEL PRE ROAD Unit 3970-7
General Information
Standard status
Active
Size
942 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,431
Building Details
Building Size
942 SF
Year Built
1970
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 23
Changed: Oct 27
Last Checked: Oct 26 at 3:47PM
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
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 942-square-foot residential income property offers two bedrooms and one bathroom. Built in 1970, the unit has updated flooring, windows, a patio door, kitchen cabinets, dishwasher, interior doors, recessed lighting, and bathroom finishes. A balcony, in-kitchen stacked washer and dryer, and assigned parking space #247 are also included.
The property is near Aspen Hill Shopping Center and Plaza de el Mercado. The condominium fee includes all utilities.
The property is near Aspen Hill Shopping Center and Plaza de el Mercado. The condominium fee includes all utilities.
Key Highlights
- 942‑square‑foot unit with two bedrooms and one bathroom
- Updated windows, patio door, flooring, kitchen cabinets, dishwasher, doors, lighting, and bathroom
- Balcony and in‑kitchen stacked washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,554
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,080
$311.1K
Cap Rate 7%
$222,200
$222.2K
Cap Rate 9%
$172,822
$172.8K
Market Conditions
NOI Build-Up for 942 SF
Gross rent
$30.4K $32.28/SF
− Vacancy
−$2.1K −$2.26/SF
EGI
$28.3K $30.02/SF
− OpEx
−$12.7K −$13.51/SF
NOI
$15.6K $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%
$311,080
Cap Rate 7%
$222,200
Cap Rate 9%
$172,822
Alternative Uses
Best Use
Apartment 5plus
$222.2K
$194.4K – $259.2K
NOI $15,554 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$331.4K
$290.0K – $386.6K
NOI $23,196 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
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 - The condominium fee covers all utilities, and the unit includes an in-kitchen stacked washer and dryer.
Where is this residential income property located?
The property is located at 3970 BEL PRE ROAD Unit 3970-7 Silver Spring, MD.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 942‑square‑foot unit with two bedrooms and one bathroom; Updated windows, patio door, flooring, kitchen cabinets, dishwasher, doors, lighting, and bathroom; Balcony and in‑kitchen stacked washer and dryer
