Two-Bedroom
For Sale
$360,000
7915 EASTERN AVENUE Unit 508, Silver Spring, MD 20910
The unit combines an open living and dining area with a kitchen, in-unit laundry, and community amenities.
Property Size1,080 SF
Price / SF$333.33
Days on Market155
Property Features for 7915 EASTERN AVENUE Unit 508
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,178
Amenities
common grounds
exercise room
party room
in-unit laundry
Building Details
Building Size
1,080 SF
Year Built
1996
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: May 28
Changed: Oct 27
Last Checked: Oct 26 at 12:43PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1,080-square-foot condominium in the Aurora Condominium building has two bedrooms and two bathrooms. Its open layout connects the living and dining areas, while the kitchen includes stainless steel appliances, upgraded countertops, and built-in storage. A washer and dryer are located in the unit. The property was built in 1996.
Residents have access to common grounds, an exercise room, and a party room. The unit also includes a detached garage and assigned parking. The building is at 7915 Eastern Avenue in Silver Spring, Maryland.
Residents have access to common grounds, an exercise room, and a party room. The unit also includes a detached garage and assigned parking. The building is at 7915 Eastern Avenue in Silver Spring, Maryland.
Key Highlights
- Two bedrooms and two bathrooms in 1,080 square feet
- Built in 1996
- Kitchen with stainless steel appliances, upgraded countertops, and built‑ins
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,832
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,640
$356.6K
Cap Rate 7%
$254,743
$254.7K
Cap Rate 9%
$198,133
$198.1K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$34.9K $32.28/SF
− Vacancy
−$2.4K −$2.26/SF
EGI
$32.4K $30.02/SF
− OpEx
−$14.6K −$13.51/SF
NOI
$17.8K $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%
$356,640
Cap Rate 7%
$254,743
Cap Rate 9%
$198,133
Alternative Uses
Best Use
Apartment 5plus
$254.7K
$222.9K – $297.2K
NOI $17,832 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$379.9K
$332.4K – $443.2K
NOI $26,594 @ 7.0% cap · market cap 7.39%
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
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 - The unit combines an open living and dining area with a kitchen, in-unit laundry, and community amenities.
Where is this residential income property located?
The property is located at 7915 EASTERN AVENUE Unit 508 Silver Spring, MD.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,080 square feet; Built in 1996; Kitchen with stainless steel appliances, upgraded countertops, and built‑ins
