Residential Income Property with Updated
For Sale
$335,000
7915 EASTERN AVENUE Unit 310, Silver Spring, MD 20910
A two-bedroom residence pairs renovated bathrooms with building fitness and lounge amenities.
Property Size1,062 SF
Price / SF$315.44
Days on Market48
Property Features for 7915 EASTERN AVENUE Unit 310
General Information
Standard status
Active
Size
1,062 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,119
Building Details
Building Size
1,062 SF
Year Built
1965
Listing Agency:
Compass
Listed By:
Carmen C Fontecilla · License #597491
(301) 908-6672
Source:
Exqrealestate
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 27 at 3:39AM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,062-square-foot condominium has two bedrooms, two bathrooms, hardwood flooring, and floor-to-ceiling windows with south-facing exposure. The kitchen includes granite countertops, stainless steel appliances, and an island. The primary suite features an expanded walk-in closet with a custom organization system and an ensuite bath with dual sinks. Both bathrooms have been renovated. The refrigerator was replaced in 2018, microwave in 2019, gas oven and stove in November 2020, washer and dryer in 2022, HVAC in late 2022, garbage disposal in December 2023, and water heater in May 2024.
The pet-friendly Aurora Condominium has on-site management, a fitness center, and a resident lounge. A grocery store, Target, Shops at Ellsworth Place, and the Silver Spring Transit Center—with Metro and MARC service—are within a 10-minute walk. The property has a Walk Score of 92, and the Purple Line is upcoming.
The pet-friendly Aurora Condominium has on-site management, a fitness center, and a resident lounge. A grocery store, Target, Shops at Ellsworth Place, and the Silver Spring Transit Center—with Metro and MARC service—are within a 10-minute walk. The property has a Walk Score of 92, and the Purple Line is upcoming.
Key Highlights
- 1,062‑square‑foot condominium with 2 bedrooms and 2 bathrooms
- Renovated bathrooms; primary ensuite has dual sinks
- Kitchen features granite countertops, stainless steel appliances, and an island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,535
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,700
$350.7K
Cap Rate 7%
$250,500
$250.5K
Cap Rate 9%
$194,833
$194.8K
Market Conditions
NOI Build-Up for 1,062 SF
Gross rent
$34.3K $32.28/SF
− Vacancy
−$2.4K −$2.26/SF
EGI
$31.9K $30.02/SF
− OpEx
−$14.3K −$13.51/SF
NOI
$17.5K $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%
$350,700
Cap Rate 7%
$250,500
Cap Rate 9%
$194,833
Alternative Uses
Best Use
Apartment 5plus
$250.5K
$219.2K – $292.3K
NOI $17,535 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$373.6K
$326.9K – $435.9K
NOI $26,151 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,515
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 - A two-bedroom residence pairs renovated bathrooms with building fitness and lounge amenities.
Where is this residential income property located?
The property is located at 7915 EASTERN AVENUE Unit 310 Silver Spring, MD.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,062‑square‑foot condominium with 2 bedrooms and 2 bathrooms; Renovated bathrooms; primary ensuite has dual sinks; Kitchen features granite countertops, stainless steel appliances, and an island
