One-Bedroom
For Sale
$280,000
700 ROEDER ROAD Unit 203, Silver Spring, MD 20910
The residence includes an in-unit washer and dryer in an elevator-served building.
Property Size534 SF
Price / SF$524.34
Days on Market76
Property Features for 700 ROEDER ROAD Unit 203
General Information
Standard status
Active
Size
534 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,858
Amenities
in-unit washer and dryer
Building Details
Building Size
534 SF
Year Built
1980
Year Renovated
2022
Listing Agency:
NHT Real Estate LLC
Listed By:
Jeffrey R Snedaker · License #639442
(202) 441-3461
Source:
Jackrealtygroup
Added: Aug 15
Changed: Oct 27
Last Checked: Oct 26 at 2:26PM
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 NHT Real Estate LLC
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bathroom condominium is in an elevator-served building. The unit features contemporary finishes, wall-to-wall windows, and an in-unit washer and dryer. The building dates to 1980 and underwent renovation in 2022.
The property is in Downtown Silver Spring, minutes from the Silver Spring Metro, Whole Foods, restaurants, shops, entertainment, and parks. Washington, DC and major commuter routes are also accessible from the area.
The property is in Downtown Silver Spring, minutes from the Silver Spring Metro, Whole Foods, restaurants, shops, entertainment, and parks. Washington, DC and major commuter routes are also accessible from the area.
Key Highlights
- One bedroom and one bathroom
- In‑unit washer and dryer
- Wall‑to‑wall windows and contemporary finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,817
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,340
$176.3K
Cap Rate 7%
$125,957
$126.0K
Cap Rate 9%
$97,967
$98.0K
Market Conditions
NOI Build-Up for 534 SF
Gross rent
$17.2K $32.28/SF
− Vacancy
−$1.2K −$2.26/SF
EGI
$16.0K $30.02/SF
− OpEx
−$7.2K −$13.51/SF
NOI
$8.8K $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%
$176,340
Cap Rate 7%
$125,957
Cap Rate 9%
$97,967
Alternative Uses
Best Use
Apartment 5plus
$126.0K
$110.2K – $147.0K
NOI $8,817 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$187.8K
$164.4K – $219.2K
NOI $13,149 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,793
Businesses Nearby
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Business Placement
Demographics for 20910, MD
45,610
Population
23,209
Households
2
Avg Household Size
36
Median Age
74%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
9,915
Density / Sq Mi
$107,994
Median Household Income
$70,022
Median Earnings
$1,992
Median Rent
$690,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes an in-unit washer and dryer in an elevator-served building.
Where is this residential income property located?
The property is located at 700 ROEDER ROAD Unit 203 Silver Spring, MD.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: One bedroom and one bathroom; In‑unit washer and dryer; Wall‑to‑wall windows and contemporary finishes
