Residential Income Condo with
For Sale
$299,999
8005 13TH STREET Unit 310, Silver Spring, MD 20910
The unit includes a refreshed balcony and in-home laundry appliances.
Property Size645 SF
Price / SF$465.11
Days on Market171
Property Features for 8005 13TH STREET Unit 310
General Information
Standard status
Active
Size
645 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,316
Building Details
Building Size
645 SF
Year Built
2012
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: May 11
Changed: Oct 26
Last Checked: Oct 26 at 3:23PM
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.
This 645-square-foot residential condo was built in 2012 and has been freshly painted. Natural light reaches throughout the home, which includes a kitchen, an updated balcony with views, a new ceiling fan, and a new washer and dryer.
The property is in Silver Spring near downtown, with Metro service, public transportation, shopping, dining, and entertainment described as minutes away.
The property is in Silver Spring near downtown, with Metro service, public transportation, shopping, dining, and entertainment described as minutes away.
Key Highlights
- 645‑square‑foot condo built in 2012
- Updated balcony with views
- New washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,650
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,000
$213.0K
Cap Rate 7%
$152,143
$152.1K
Cap Rate 9%
$118,333
$118.3K
Market Conditions
NOI Build-Up for 645 SF
Gross rent
$20.8K $32.28/SF
− Vacancy
−$1.5K −$2.26/SF
EGI
$19.4K $30.02/SF
− OpEx
−$8.7K −$13.51/SF
NOI
$10.6K $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%
$213,000
Cap Rate 7%
$152,143
Cap Rate 9%
$118,333
Alternative Uses
Best Use
Apartment 5plus
$152.1K
$133.1K – $177.5K
NOI $10,650 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$226.9K
$198.5K – $264.7K
NOI $15,883 @ 7.0% cap · market cap 5.29%
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
4,012
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 includes a refreshed balcony and in-home laundry appliances.
Where is this residential income property located?
The property is located at 8005 13TH STREET Unit 310 Silver Spring, MD.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: 645‑square‑foot condo built in 2012; Updated balcony with views; New washer and dryer
