Residential Income Unit with
For Sale
$299,000
Pending
8045 NEWELL STREET Unit 215, Silver Spring, MD 20910
The residence includes a private balcony, an in-unit washer and dryer, and a separate den.
Property Size883 SF
Days on Market375
Property Features for 8045 NEWELL STREET Unit 215
General Information
Standard status
Pending
Size
883 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,623
Amenities
fitness center
party room
Building Details
Building Size
883 SF
Year Built
2005
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Marc D Infeld · License #576154
(240) 355-5487
Source:
Jackrealtygroup
Added: Oct 22, 2025
Changed: Oct 26
Last Checked: Oct 30 at 12:28PM
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 Long & Foster Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 883-square-foot residential unit has one bedroom and a den, with a balcony and northwest-facing main windows. The kitchen features granite countertops, and the bathroom includes an in-unit washer and dryer. The building, completed in 2005, offers a fitness center and a party room.
The property is at 8045 Newell Street in Silver Spring, near the Silver Spring Metro. Parking is available at the neighboring Kennett Square Garage.
The property is at 8045 Newell Street in Silver Spring, near the Silver Spring Metro. Parking is available at the neighboring Kennett Square Garage.
Key Highlights
- 883‑square‑foot unit with one bedroom and a den
- Private balcony and northwest‑facing main windows
- Kitchen with granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,579
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,580
$291.6K
Cap Rate 7%
$208,271
$208.3K
Cap Rate 9%
$161,989
$162.0K
Market Conditions
NOI Build-Up for 883 SF
Gross rent
$28.5K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$26.5K $30.02/SF
− OpEx
−$11.9K −$13.51/SF
NOI
$14.6K $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%
$291,580
Cap Rate 7%
$208,271
Cap Rate 9%
$161,989
Alternative Uses
Best Use
Apartment 5plus
$208.3K
$182.2K – $243.0K
NOI $14,579 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$310.6K
$271.8K – $362.4K
NOI $21,743 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,366
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes a private balcony, an in-unit washer and dryer, and a separate den.
Where is this residential income property located?
The property is located at 8045 NEWELL STREET Unit 215 Silver Spring, MD.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 883‑square‑foot unit with one bedroom and a den; Private balcony and northwest‑facing main windows; Kitchen with granite countertops
