One-Bedroom Apartment with
For Sale
$319,900
8045 NEWELL STREET Unit 423, Silver Spring, MD 20910
The 820-square-foot residence pairs a private outdoor area with in-unit laundry and access to shared community spaces.
Property Size820 SF
Price / SF$390.12
Days on Market247
Property Features for 8045 NEWELL STREET Unit 423
General Information
Standard status
Active
Size
820 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$3,684
Amenities
in-unit laundry
private patio
community center
meeting room
health club
intercom system
Building Details
Building Size
820 SF
Year Built
2005
Year Renovated
2023
Listing Agency:
Reynolds Real Estate Co. LLC
Listed By:
Stuart L Reynolds · License #94612
(202) 487-6143
Source:
Exqrealestate
Added: Feb 23
Changed: Oct 27
Last Checked: Oct 26 at 3:38PM
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 Reynolds Real Estate Co. LLC
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Investment Insights
Based on property information with market context.
Unit 423 is an 820-square-foot apartment with one bedroom and one bathroom. Built in 2005 and renovated in 2023, it has an open living and dining area, hardwood floors, casement windows, and a private patio. The kitchen includes stainless steel appliances, a built-in microwave, self-cleaning oven, and dishwasher. A washer and dryer are located in the unit.
Residents have access to maintained common grounds, a community center, a meeting room, and a health club. The association fee also covers lawn care, snow removal, and common-area maintenance. Building safety features include an intercom, a locked main entrance, smoke detectors, and an indoor sprinkler system. Public transportation is less than one mile away.
Residents have access to maintained common grounds, a community center, a meeting room, and a health club. The association fee also covers lawn care, snow removal, and common-area maintenance. Building safety features include an intercom, a locked main entrance, smoke detectors, and an indoor sprinkler system. Public transportation is less than one mile away.
Key Highlights
- 820‑square‑foot apartment with one bedroom and one bathroom
- Renovated in 2023; originally built in 2005
- Private patio, hardwood floors, and casement windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,539
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,780
$270.8K
Cap Rate 7%
$193,414
$193.4K
Cap Rate 9%
$150,433
$150.4K
Market Conditions
NOI Build-Up for 820 SF
Gross rent
$26.5K $32.28/SF
− Vacancy
−$1.9K −$2.26/SF
EGI
$24.6K $30.02/SF
− OpEx
−$11.1K −$13.51/SF
NOI
$13.5K $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%
$270,780
Cap Rate 7%
$193,414
Cap Rate 9%
$150,433
Alternative Uses
Best Use
Apartment 5plus
$193.4K
$169.2K – $225.7K
NOI $13,539 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$288.5K
$252.4K – $336.5K
NOI $20,192 @ 7.0% cap · market cap 6.31%
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
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Lease Details
1
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
4,366
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 820-square-foot residence pairs a private outdoor area with in-unit laundry and access to shared community spaces.
Where is this residential income property located?
The property is located at 8045 NEWELL STREET Unit 423 Silver Spring, MD.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 820‑square‑foot apartment with one bedroom and one bathroom; Renovated in 2023; originally built in 2005; Private patio, hardwood floors, and casement windows
