Five-Unit Tudor
8009 Garland Ave Takoma Park, MD 20912
8009 Garland Ave, Takoma Park, MD, 20912
$875,000
For Sale
$875,000
Turnkey five-unit property fully occupied with separate electric meters, recent updates, and a corner-lot setting backing Long Branch Park.
Property Size2,300 SF
Price / SF$380.43
Days on Market55
Property Features for 8009 Garland Ave
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1942
Listing agency
COLDWELL BANKER REALTY
(410) 224-2200
Listed by
ELIZABETH R PENTTINEN · License #530087
Source
Corcoran
Added: May 29 Updated: Jul 10 at 1:47PM Checked: Jul 21 at 8:47AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This five-unit Tudor cottage at 8009 Garland Ave offers a compact, symmetrical layout with Tudor Revival character and multiple apartment configurations. The property is approximately 2,300 sq ft and sits on a 7,836 sq ft corner lot backing to Long Branch Park. It includes several unit types, including a two-bedroom option with a sunroom or potential third bedroom, additional one-bedroom apartments with sunrooms or flex space, and three one-bedroom units featuring fireplace facades. Each apartment is separately metered for electricity, supporting resident-by-resident utility management. Recent improvements include a new roof, fresh wall paint, new carpeting, and a custom arched entry door, with owner management and appliance updates as units turn. Building amenities include public water/sewer, gas heat, and a basement laundry facility with bike storage.
Set on a tranquil, tree-lined street, the property provides ample corner parking and easy access to park amenities such as playgrounds, sport courts, picnic areas, and extensive trails. The surrounding area also offers convenient proximity to shopping, restaurants, Metro, Washington Adventist University, and downtown Takoma Park. The building is fully occupied, and current leases must be honored; showings are described as extremely limited.
With separate electric metering, consistent owner attention to maintenance, and a layout well-suited to a mix of residents, this is positioned as a low-maintenance, long-term income asset. The remarks also note it is not subject to Takoma Park city proper rent restrictions, which may appeal to investors seeking stability alongside the opportunity for income growth. For owner-occupants, the configuration supports the option to live in one unit while renting the remaining four.
Set on a tranquil, tree-lined street, the property provides ample corner parking and easy access to park amenities such as playgrounds, sport courts, picnic areas, and extensive trails. The surrounding area also offers convenient proximity to shopping, restaurants, Metro, Washington Adventist University, and downtown Takoma Park. The building is fully occupied, and current leases must be honored; showings are described as extremely limited.
With separate electric metering, consistent owner attention to maintenance, and a layout well-suited to a mix of residents, this is positioned as a low-maintenance, long-term income asset. The remarks also note it is not subject to Takoma Park city proper rent restrictions, which may appeal to investors seeking stability alongside the opportunity for income growth. For owner-occupants, the configuration supports the option to live in one unit while renting the remaining four.
Key Highlights
- Five‑unit Tudor Cottage built in 1942, approximately 2,300 sq ft on a 7,836 sq ft corner lot backing Long Branch Park
- Fully occupied with five separate apartment styles; each unit is separately metered for electricity
- Rentable mix: one 2‑bedroom unit option (with sunroom or 3rd bedroom), one 1‑bedroom option (with sunroom or 2nd bedroom), and three 1‑bedroom units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.2k | $32.28 |
| − Vacancy | −$5.2k | −$2.26 |
| EGI | $69.0k | $30.02 |
| − OpEx | −$31.1k | −$13.51 |
| NOI | $38.0k | $16.51 |
2,300 SF · lease $32.28/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$542.5K
$474.7K – $632.9K
NOI $37,976 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$809.1K
$708.0K – $943.9K
NOI $56,636 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Turnkey five-unit property fully occupied with separate electric meters, recent updates, and a corner-lot setting backing Long Branch Park.
Where is this apartment building located?
The property is located at 8009 Garland Ave Takoma Park, MD.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Five‑unit Tudor Cottage built in 1942, approximately 2,300 sq ft on a 7,836 sq ft corner lot backing Long Branch Park; Fully occupied with five separate apartment styles; each unit is separately metered for electricity; Rentable mix: one 2‑bedroom unit option (with sunroom or 3rd bedroom), one 1‑bedroom option (with sunroom or 2nd bedroom), and three 1‑bedroom units