Two 5-Story Apartment
For Sale
Contact for pricing
Pending
714 Sligo Ave, Silver Spring, MD 20910
Portfolio includes two five-story apartment buildings totaling 107 units and 119 surface parking spaces.
Property SizeContact for details
Days on Market148
Property Features for 714 Sligo Ave
General Information
Standard status
Pending
Total Parking Spaces
119
Property subtype
Multifamily
Occupancy
95%
Additional Details
Multifamily Units
107
Building Details
Year Built
1960
Stories
5
Listing Agency:
Avison Young - Washington
Listed By:
Wes Boatwright · License #FL
Source:
Crexi
Added: Apr 11
Changed: Sep 2
Last Checked: Sep 1 at 7:48PM
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 Avison Young - Washington
Investment Insights
Based on property information with market context.
The portfolio consists of two 5-story apartment buildings originally constructed in 1960, offering a total of 107 apartment units and 119 surface parking spaces. Both properties have undergone significant capital improvements, including renovated kitchens and bathrooms, new mechanical systems, thermal windows, and elevator upgrades.
The properties are located at 714 Sligo Ave in Silver Spring, Maryland, and are presented as a combined acquisition opportunity under a single portfolio structure.
The current vacancy rate is 4.67%, and it has historically remained below 5%. Rental rates are described as substantially below market, and the offering highlights stabilized operations with value-add through rent increases.
The properties are located at 714 Sligo Ave in Silver Spring, Maryland, and are presented as a combined acquisition opportunity under a single portfolio structure.
The current vacancy rate is 4.67%, and it has historically remained below 5%. Rental rates are described as substantially below market, and the offering highlights stabilized operations with value-add through rent increases.
Key Highlights
- Portfolio of two five‑story apartment buildings in Silver Spring, MD (Sligo House and Corona Apartments)
- Total of 107 apartment units and 119 surface parking spaces
- Originally built in 1960; both properties are maintained with capital improvements
Property Analytics
Property Profile
Current Use
Lease Details
107
Residential units
95.3%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,637
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio includes two five-story apartment buildings totaling 107 units and 119 surface parking spaces.
Where is this apartment building located?
The property is located at 714 Sligo Ave Silver Spring, MD.
What are key features of this property?
This property features: Portfolio of two five‑story apartment buildings in Silver Spring, MD (Sligo House and Corona Apartments); Total of 107 apartment units and 119 surface parking spaces; Originally built in 1960; both properties are maintained with capital improvements
