Upper-Level Residential Income
For Sale
$370,000
4045 CHESTERWOOD DRIVE Unit 4045, Silver Spring, MD 20906
The two-level townhome has three bedrooms, two full baths, and a half bath within a gated community.
Property Size1,690 SF
Price / SF$218.93
Days on Market39
Property Features for 4045 CHESTERWOOD DRIVE Unit 4045
General Information
Standard status
Active
Size
1,690 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,759
Amenities
gated community
Building Details
Building Size
1,690 SF
Year Built
1983
Stories
2
Listing Agency:
Weichert, REALTORS
Listed By:
Yolanda Guadalupe Menjivar-Vasquez · License #5002453
(240) 731-5368
Source:
Signaturemoverealestate
Added: Sep 24
Changed: Oct 31
Last Checked: Oct 31 at 2:35PM
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 Weichert, REALTORS
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Investment Insights
Based on property information with market context.
This upper-level, two-story townhome contains 1,690 square feet with three bedrooms and two full bathrooms plus a half bath. Hardwood and bamboo flooring appear alongside carpeted bedrooms. The kitchen has granite counters and stainless steel appliances, while the living room and primary bedroom each offer additional space. HVAC was installed three years ago; the water heater and washer/dryer are identified as new in 2026.
The property is in a gated community near Glenmont Metro Station and public transportation. The ICC and Aspen Hill shopping center are also nearby, with Olney, Rockville, Kensington, and downtown Silver Spring a short drive away.
The property is in a gated community near Glenmont Metro Station and public transportation. The ICC and Aspen Hill shopping center are also nearby, with Olney, Rockville, Kensington, and downtown Silver Spring a short drive away.
Key Highlights
- 1,690‑square‑foot, upper‑level townhome with a two‑story layout
- Three bedrooms, two full bathrooms, and one half bath
- Gated community near Glenmont Metro Station and public transportation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,904
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,080
$558.1K
Cap Rate 7%
$398,629
$398.6K
Cap Rate 9%
$310,044
$310.0K
Market Conditions
NOI Build-Up for 1,690 SF
Gross rent
$54.6K $32.28/SF
− Vacancy
−$3.8K −$2.26/SF
EGI
$50.7K $30.02/SF
− OpEx
−$22.8K −$13.51/SF
NOI
$27.9K $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%
$558,080
Cap Rate 7%
$398,629
Cap Rate 9%
$310,044
Alternative Uses
Best Use
Apartment 5plus
$398.6K
$348.8K – $465.1K
NOI $27,904 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$594.5K
$520.2K – $693.6K
NOI $41,615 @ 7.0% cap · market cap 11.25%
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
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
728
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 two-level townhome has three bedrooms, two full baths, and a half bath within a gated community.
Where is this residential income property located?
The property is located at 4045 CHESTERWOOD DRIVE Unit 4045 Silver Spring, MD.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 1,690‑square‑foot, upper‑level townhome with a two‑story layout; Three bedrooms, two full bathrooms, and one half bath; Gated community near Glenmont Metro Station and public transportation
