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Five-Unit Tudor Multifamily
For Sale
$875,000

8009 Garland Ave, Takoma Park, MD 20912

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 Market152

Property Features for 8009 Garland Ave

General Information

Standard status Active
Size 2,300 SF
Property subtype Multi-Family
Occupancy 100%

Additional Details

Business Included Yes
Multifamily Units 5

Building Details

Year Built 1942
Tenancy Multi
Listing Agency: Coldwell Banker Realty
Listed By: Elizabeth R Penttinen · License #530087
Source: Wagnerhomegroup
Added: Jun 1 Changed: Oct 26 Last Checked: Oct 28 at 10:28AM

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

Rey
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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.

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

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$37,976
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,520 $759.5K
Cap Rate 7%
$542,514 $542.5K
Cap Rate 9%
$421,956 $422.0K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$74.2K $32.28/SF
− Vacancy
−$5.2K −$2.26/SF
EGI
$69.0K $30.02/SF
− OpEx
−$31.1K −$13.51/SF
NOI
$38.0K $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%
$759,520
Cap Rate 7%
$542,514
Cap Rate 9%
$421,956

Alternative Uses

Best Use
Apartment 5plus
$542.5K
$474.7K – $632.9K (±1% cap)
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 (±1% cap)
NOI $56,636 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,202
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

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
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