Contiguous Multifamily Portfolio for
For Sale
Contact for pricing
8201 Schrider Street, Silver Spring, MD 20910
Three well-maintained multifamily properties offer a favorable unit mix and strong resident convenience features.
Property Size19,044 SF
Price / SF$183.26
Days on Market56
Property Features for 8201 Schrider Street
General Information
Standard status
Active
Size
19,044 SF
Property subtype
Multifamily
Zoning
R-20
Occupancy
100%
Additional Details
Multifamily Units
19
Building Details
Year Built
1935
Year Renovated
2023
Buildings
3
Units
19
Tenancy
Multi
Listing Agency:
Feldman Ruel
Listed By:
Hannah McCann · License #MD 5005944
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 11 at 7:51AM
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 Feldman Ruel
Investment Insights
Based on property information with market context.
This offering presents three contiguous, well-maintained multifamily properties on a quiet cul-de-sac: 8201 Schrider Street and 8207–8209 Schrider Street. 8201 Schrider Street is an 11-unit building with one- and two-bedroom apartments, along with on-site laundry, tenant storage, and workshop space for maintenance personnel. 8207 and 8209 Schrider Street are each four-unit properties, featuring one-bedroom units with private screened-in porches.
The properties are located within walking distance of Downtown Silver Spring and its surrounding amenities, including restaurants, entertainment venues, grocery stores, the Silver Spring Library, and Veterans Plaza. Area connectivity includes access to the Sligo Creek Trail and transit options such as the Washington Metrorail Red Line via the Silver Spring Metrorail station and the Silver Spring MARC station. The future Purple Line station is also scheduled to open in 2027.
The assemblage can be acquired as a whole or as individual properties, providing flexibility for buyers seeking either a concentrated portfolio approach or separate ownership. With unit variety across the buildings and practical in-building resident and maintenance features, the configuration is well suited for operators and investors focused on straightforward, well-kept multifamily housing.
The properties are located within walking distance of Downtown Silver Spring and its surrounding amenities, including restaurants, entertainment venues, grocery stores, the Silver Spring Library, and Veterans Plaza. Area connectivity includes access to the Sligo Creek Trail and transit options such as the Washington Metrorail Red Line via the Silver Spring Metrorail station and the Silver Spring MARC station. The future Purple Line station is also scheduled to open in 2027.
The assemblage can be acquired as a whole or as individual properties, providing flexibility for buyers seeking either a concentrated portfolio approach or separate ownership. With unit variety across the buildings and practical in-building resident and maintenance features, the configuration is well suited for operators and investors focused on straightforward, well-kept multifamily housing.
Key Highlights
- Three contiguous multifamily properties on a quiet cul‑de‑sac in downtown Silver Spring, MD, offered individually or as an assemblage
- 8201 Schrider Street: 11 units with 1- and 2‑bedroom layouts, plus on‑site laundry, tenant storage, and workshop space
- 8207 Schrider Street: 4 one‑bedroom units with private screened‑in porches
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$314,440
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,288,800
$6.3M
Cap Rate 7%
$4,492,000
$4.5M
Cap Rate 9%
$3,493,778
$3.5M
Market Conditions
NOI Build-Up for 19,044 SF
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.
Gross rent
$614.7K $32.28/SF
− Vacancy
−$43.0K −$2.26/SF
EGI
$571.7K $30.02/SF
− OpEx
−$257.3K −$13.51/SF
NOI
$314.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,288,800
Cap Rate 7%
$4,492,000
Cap Rate 9%
$3,493,778
Alternative Uses
Best Use
Multifamily LT 5
$5.16M
$4.52M – $6.02M
NOI $361,383 @ 7.0% cap · market cap 10.35%
Second Best
Apartment 5plus
$4.49M
$3.93M – $5.24M
NOI $314,440 @ 7.0% cap · market cap 9.01%
Theoretical Best
Specialty Retail
$6.70M
$5.86M – $7.82M
NOI $468,946 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19
Residential units
Location Intelligence
Trade Area within ½ mile
2,319
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three well-maintained multifamily properties offer a favorable unit mix and strong resident convenience features.
Where is this apartment building located?
The property is located at 8201 Schrider Street Silver Spring, MD.
What is the asking price?
The asking price for this property is $3,490,000.
What are key features of this property?
This property features: Three contiguous multifamily properties on a quiet cul‑de‑sac in downtown Silver Spring, MD, offered individually or as an assemblage; 8201 Schrider Street: 11 units with 1- and 2‑bedroom layouts, plus on‑site laundry, tenant storage, and workshop space; 8207 Schrider Street: 4 one‑bedroom units with private screened‑in porches
