Takoma Park Multifamily Investment
8009 GARLAND Avenue Takoma Park, MD 20912
8009 GARLAND Avenue, Takoma Park, MD, 20912
$875,000
For Sale
Under Contract
$875,000
MULTI_FAMILY - Tudor, Cape Cod - TAKOMA PARK, MD
Property Size2,300 SF
Lot Size0.18 Acres
Price / SF$380.43
Days on Market49
Property Features for 8009 GARLAND Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room, Basement
- Parking features
- On Street
- Interior features
- Entry Level Bedroom, Efficiency, Dining Area
- Fireplace
- 1
- Appliances
- Refrigerator, Washer, Stove, Dryer
- Standard status
- Active Under Contract
- Size
- 2,300 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9298
Utilities
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1942
- Number of units
- 4
- Building materials
- Brick, Combination, Stone
- Architectural style
- Tudor, Cape Cod
Listing Agency
Coldwell Banker Realty
(410) 224-2200
170 Jennifer Road unit: 102, TIMONIUM, MD
Listed by
Elizabeth R Penttinen · License #530087
(443) 306-5050
Added: May 30 Checked: Jul 17 at 4:06 am
MLS# MDMC2237482
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Takoma Park, MD, this multifamily property presents an investment opportunity. The property is a five-unit Tudor Cottage offering approximately 2,300 sq ft of living space on a 7,836 sq ft corner lot backing to Long Branch Park. The building blends the compact symmetrical layout of a Cape Cod with the picturesque elements of a Tudor Revival. The property features several apartment styles, including one two-bedroom apartment with a sunroom or potential third bedroom and a fireplace facade, one one-bedroom apartment with a sunroom or potential second bedroom, and three one-bedroom apartments, one of which includes an additional fireplace facade. Each unit is separately metered for electricity. Recent updates include a new roof, wall paint, new carpeting, and a custom arched entry door. The property includes public water and sewer, gas heat, and a basement laundry facility with bike storage. The property is fully occupied. The location offers proximity to shopping, restaurants, Metro, Washington Adventist University, and downtown Takoma Park. The property is not subject to Takoma Park city proper rent restrictions.
Key Highlights
- 5‑unit Tudor/Cape Cod cottage built in 1942, fully occupied and managed by the owners with current leases to be honored
- Approximately 2,300 SF of living space on a 7,836 SF corner lot backing to Long Branch Park
- Unit mix includes: one 2‑bedroom option (sunroom or 3rd bedroom), one 1‑bedroom option (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 - Five-unit Tudor Cottage on a corner lot near Long Branch Park.
Where is this apartment building located?
The property is located at 8009 GARLAND Avenue 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: 5‑unit Tudor/Cape Cod cottage built in 1942, fully occupied and managed by the owners with current leases to be honored; Approximately 2,300 SF of living space on a 7,836 SF corner lot backing to Long Branch Park; Unit mix includes: one 2‑bedroom option (sunroom or 3rd bedroom), one 1‑bedroom option (sunroom or 2nd bedroom), and three 1‑bedroom units
