805 HOUSTON Ave, Takoma Park, MD 20912
Four-unit property in Takoma Park with income potential.
- Added:
- Mar 23, 2026
- Days on Market:
- 106
- Last Refresh:
- Jul 2 at 7:20 pm
Property Features for 805 HOUSTON Ave
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Lot size
- 0.14 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1939
Listing office Smart Realty (240) 351-5915
Listing date Mar 23, 2026
Source Elliman
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HighLights
- Prime Takoma Park location with convenient access to amenities and commuter routes.
- Four 1‑bedroom, 1‑bathroom units offering strong rental income potential.
- Separate utilities for each unit (tenants pay electricity).
- Generous 5,922 sq ft lot with excellent parking potential.
- Unfinished basement with laundry area and centralized utility access.
- Three of the four units are currently tenant‑occupied.
Overview
Local Financial Insights For Multifamily LT 5
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 | $61.0k | $29.04 |
| − Vacancy | −$4.1k | −$1.93 |
| EGI | $56.9k | $27.11 |
| − OpEx | −$17.1k | −$8.13 |
| NOI | $39.8k | $18.98 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Takoma Park
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.0011446
- Latitude
- 38.9909977