Renovated Residential Income
For Sale
$219,000
3974 BEL PRE ROAD Unit 3974-6, Silver Spring, MD 20906
The updated condo combines two bedrooms and two full baths with in-unit laundry and a balcony facing open space.
Property Size1,016 SF
Price / SF$215.55
Days on Market266
Property Features for 3974 BEL PRE ROAD Unit 3974-6
General Information
Standard status
Active
Size
1,016 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
$1,814
Amenities
washer/dryer
balcony
Building Details
Building Size
1,016 SF
Year Built
1970
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Feb 4
Changed: Oct 27
Last Checked: Oct 26 at 3:19PM
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
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Investment Insights
Based on property information with market context.
This renovated two-bedroom, two-bathroom condo features refinished hardwood flooring, fresh paint, and an updated kitchen with stainless steel appliances, Shaker cabinetry, quartz countertops, and ceramic tile flooring. Both bathrooms have been remodeled, and the primary bedroom includes a walk-in closet. A full-size washer and dryer are located in the unit, while the balcony looks out over open space. The building dates to 1970, and the condo fee covers all utilities.
Shopping destinations include Aspen Hill Shopping Center and Plaza Del Mercado Shopping Center. Glenmont Metro and the Mid-County Connector (I-370) are also nearby.
Shopping destinations include Aspen Hill Shopping Center and Plaza Del Mercado Shopping Center. Glenmont Metro and the Mid-County Connector (I-370) are also nearby.
Key Highlights
- Two bedrooms and two full bathrooms
- Renovated kitchen with stainless steel appliances, Shaker cabinets, quartz counters, and ceramic tile flooring
- Both bathrooms remodeled; hardwood floors refinished throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,775
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,500
$335.5K
Cap Rate 7%
$239,643
$239.6K
Cap Rate 9%
$186,389
$186.4K
Market Conditions
NOI Build-Up for 1,016 SF
Gross rent
$32.8K $32.28/SF
− Vacancy
−$2.3K −$2.26/SF
EGI
$30.5K $30.02/SF
− OpEx
−$13.7K −$13.51/SF
NOI
$16.8K $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%
$335,500
Cap Rate 7%
$239,643
Cap Rate 9%
$186,389
Alternative Uses
Best Use
Apartment 5plus
$239.6K
$209.7K – $279.6K
NOI $16,775 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$357.4K
$312.7K – $417.0K
NOI $25,018 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open 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
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Frequently Asked Questions
What type of property is this?
Residential income property - The updated condo combines two bedrooms and two full baths with in-unit laundry and a balcony facing open space.
Where is this residential income property located?
The property is located at 3974 BEL PRE ROAD Unit 3974-6 Silver Spring, MD.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Renovated kitchen with stainless steel appliances, Shaker cabinets, quartz counters, and ceramic tile flooring; Both bathrooms remodeled; hardwood floors refinished throughout
