Four-Unit Residential Income
For Sale
$800,000
Pending
8208 Greenwood Ave, Takoma Park, MD 20912
Well-maintained four-unit building with four fully occupied apartments and shared laundry and storage areas.
Property Size3,560 SF
Days on Market34
Property Features for 8208 Greenwood Ave
General Information
Standard status
Pending
Size
3,560 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,580
Amenities
laundry facility
storage
Building Details
Tenancy
Multi
Listing Agency:
Samson Properties
(240) 938-6614
Listed By:
Lily Y. Chang · License #612051
(240) 938-6614
Source:
Exprealty
Added: Jul 22
Changed: Aug 23
Last Checked: Aug 11 at 6:29AM
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
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
$67,555
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
8.44%
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%
$1,351,100
$1.4M
Cap Rate 7%
$965,071
$965.1K
Cap Rate 9%
$750,611
$750.6K
Market Conditions
NOI Build-Up for 3,560 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
$103.4K $29.04/SF
− Vacancy
−$6.9K −$1.93/SF
EGI
$96.5K $27.11/SF
− OpEx
−$29.0K −$8.13/SF
NOI
$67.6K $18.98/SF
Area
Montgomery County, MD
Vacancy
6.65%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,351,100
Cap Rate 7%
$965,071
Cap Rate 9%
$750,611
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,115
Businesses Nearby
Explore this area
Business Placement
Demographics for 20912, MD
25,463
Population
10,140
Households
2.5
Avg Household Size
38
Median Age
51%
College-Educated
86%
High-School Grad
2.7 sq mi
ZIP Area
9,431
Density / Sq Mi
$82,097
Median Household Income
$48,447
Median Earnings
$1,452
Median Rent
$671,400
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?
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
