Residential Income Property with
For Sale
$325,000
7611 MAPLE AVENUE Unit 503, Takoma Park, MD 20912
The three-bedroom condominium offers generous interior storage, an en-suite primary bath, and a private outdoor space.
Property Size1,360 SF
Price / SF$238.97
Days on Market114
Property Features for 7611 MAPLE AVENUE Unit 503
General Information
Standard status
Active
Size
1,360 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,712
Amenities
balcony
laundry room
Building Details
Building Size
1,360 SF
Year Built
1962
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 9
Changed: Oct 26
Last Checked: Oct 30 at 12:25PM
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.
Set in the Takoma Phoenix Condominium, this 1,360-square-foot residence has three bedrooms, an open living and dining area, and a large balcony. Updated flooring and recessed lighting serve the main living space. The corner primary bedroom has two exposures and a private en-suite bathroom; the hall bathroom has also been renovated. Reach-in bedroom closets and two hall closets provide storage. Building laundry is on the second floor, and in-unit laundry is permitted. The building dates to 1962, and the condo fee covers utilities other than electricity.
A small grocery store is next door, while a community center with a dog park, pool, skate park, library, and activities is across the street. The Takoma Metro station and downtown Takoma are a short walk through the neighborhood. The building has a ramped side entrance to the second floor and elevator access to the unit floor. Dogs and cats are allowed; off-street parking and free visitor parking are available.
A small grocery store is next door, while a community center with a dog park, pool, skate park, library, and activities is across the street. The Takoma Metro station and downtown Takoma are a short walk through the neighborhood. The building has a ramped side entrance to the second floor and elevator access to the unit floor. Dogs and cats are allowed; off-street parking and free visitor parking are available.
Key Highlights
- 1,360‑square‑foot condominium with three bedrooms
- Large balcony with northern and eastern exposures
- Corner primary bedroom has views on two sides and an en‑suite bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,455
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,100
$449.1K
Cap Rate 7%
$320,786
$320.8K
Cap Rate 9%
$249,500
$249.5K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$43.9K $32.28/SF
− Vacancy
−$3.1K −$2.26/SF
EGI
$40.8K $30.02/SF
− OpEx
−$18.4K −$13.51/SF
NOI
$22.5K $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%
$449,100
Cap Rate 7%
$320,786
Cap Rate 9%
$249,500
Alternative Uses
Best Use
Apartment 5plus
$320.8K
$280.7K – $374.3K
NOI $22,455 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$478.4K
$418.6K – $558.2K
NOI $33,489 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,414
Businesses Nearby
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Business Placement
Demographics for 20912, MD
25,463
Population
10,140
Households
2.5
Avg Household Size
38
Median Age
51%
College-Educated
86%
High-School Grad
2.7 sq mi
ZIP Area
9,431
Density / Sq Mi
$82,097
Median Household Income
$48,447
Median Earnings
$1,452
Median Rent
$671,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The three-bedroom condominium offers generous interior storage, an en-suite primary bath, and a private outdoor space.
Where is this residential income property located?
The property is located at 7611 MAPLE AVENUE Unit 503 Takoma Park, MD.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,360‑square‑foot condominium with three bedrooms; Large balcony with northern and eastern exposures; Corner primary bedroom has views on two sides and an en‑suite bathroom
