Four-Unit Residential Income
8208 GREENWOOD Ave Takoma Park, MD 20912
New
For Sale
$800,000
Well-maintained four-unit building with four fully occupied apartments and shared laundry and storage areas.
Property Size3,560 SF
Price / SF$224.72
Days on Market4
Property Features for 8208 GREENWOOD Ave
General Information
- Standard status
- Active
- Size
- 3,560 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1921
Listing Agency:
Samson Properties
(240) 938-6614
Listed By:
Lily Y. Chang · License #612051
(240) 938-6614
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 26 at 11:21AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This well-maintained four-unit residential income property includes four fully occupied apartments: one 3BR/2BA unit, one 2BR/1BA unit, and two 1BR/1BA units. Common area amenities include a laundry facility and storage. The property’s total living area is approximately 3,000 SF, and the common area totals approximately 560 SF.
The building is located just outside the City of Takoma Park boundary and is described as exempt from extra city taxes and rent control. The current rent roll, operating expenses, and other pertinent information are available upon request after visiting the property.
All units are occupied with long-term tenants, providing an operationally stable configuration for an investor or owner-operator seeking multifamily income.
The building is located just outside the City of Takoma Park boundary and is described as exempt from extra city taxes and rent control. The current rent roll, operating expenses, and other pertinent information are available upon request after visiting the property.
All units are occupied with long-term tenants, providing an operationally stable configuration for an investor or owner-operator seeking multifamily income.
Key Highlights
- Well‑maintained four‑unit building built in 1921
- Four fully occupied apartments: 3BR/2BA, 2BR/1BA, and two 1BR/1BA units
- Approx. 3,000 SF total living area and 560 SF common area including laundry and storage
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 | $103.4k | $29.04 |
| − Vacancy | −$6.9k | −$1.93 |
| EGI | $96.5k | $27.11 |
| − OpEx | −$29.0k | −$8.13 |
| NOI | $67.6k | $18.98 |
3,560 SF · lease $29.04/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$965.1K
$844.4K – $1.13M
NOI $67,555 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$839.7K
$734.8K – $979.7K
NOI $58,780 @ 7.0% cap · market cap 7.35%
Theoretical Best
Specialty Retail
$1.25M
$1.10M – $1.46M
NOI $87,663 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained four-unit building with four fully occupied apartments and shared laundry and storage areas.
Where is this quadplex located?
The property is located at 8208 GREENWOOD Ave Takoma Park, MD.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Well‑maintained four‑unit building built in 1921; Four fully occupied apartments: 3BR/2BA, 2BR/1BA, and two 1BR/1BA units; Approx. 3,000 SF total living area and 560 SF common area including laundry and storage
