Brick Cape Cod
For Sale
$875,000
8209 FLOWER AVENUE, Takoma Park, MD 20912
Updated two-level residence includes a finished lower apartment with private entry, separate HVAC, and shared laundry access.
Property Size3,145 SF
Days on Market86
Property Features for 8209 FLOWER AVENUE
General Information
Standard status
Active
Size
3,145 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$10,344
Amenities
wood-burning fireplace
sunroom
hardwood floors
fenced yard
mature landscaping
fruit trees
garden space
walk-up attic
Building Details
Building Size
3,145 SF
Year Built
1936
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
RLAH @properties
(202) 258-8256
Listed By:
Silvana P Dias · License #618096
(202) 258-8256
Source:
Barnesrealestatecompany
Added: May 16
Changed: Aug 8
Last Checked: Aug 9 at 11:33AM
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 RLAH @properties
Investment Insights
Based on property information with market context.
Built in 1936, this brick Cape Cod has been configured as a duplex with a primary residence and a finished English-basement apartment. The main home includes hardwood floors, a living room with wood-burning fireplace, formal dining room, marble-counter kitchen with stainless steel appliances and gas cooking, rear sunroom, three bedrooms, and three full baths. A walk-up attic adds storage, while the fenced front and rear yards include mature landscaping, fruit trees, and garden space.
The lower unit has a private entrance, one bedroom, full kitchen, dining area, living room, walk-in closet, full bath, polished concrete floors, and its own HVAC system. The shared laundry room serves both residences. Off-street parking accommodates multiple vehicles. The property is in Takoma Park near Koma Cafe, downtown Takoma Park, Silver Spring amenities, parks, Metro access, and future Purple Line stops.
The lower unit has a private entrance, one bedroom, full kitchen, dining area, living room, walk-in closet, full bath, polished concrete floors, and its own HVAC system. The shared laundry room serves both residences. Off-street parking accommodates multiple vehicles. The property is in Takoma Park near Koma Cafe, downtown Takoma Park, Silver Spring amenities, parks, Metro access, and future Purple Line stops.
Key Highlights
- 1936 brick Cape Cod configured as a duplex
- Finished English‑basement apartment with private entrance and one bedroom
- Lower unit includes full kitchen, dining area, living room, walk‑in closet, and full bath
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
$59,680
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
6.82%
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%
$1,193,600
$1.2M
Cap Rate 7%
$852,571
$852.6K
Cap Rate 9%
$663,111
$663.1K
Market Conditions
NOI Build-Up for 3,145 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
$91.3K $29.04/SF
− Vacancy
−$6.1K −$1.93/SF
EGI
$85.3K $27.11/SF
− OpEx
−$25.6K −$8.13/SF
NOI
$59.7K $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%
$1,193,600
Cap Rate 7%
$852,571
Cap Rate 9%
$663,111
Alternative Uses
Best Use
Multifamily LT 5
$852.6K
$746.0K – $994.7K
NOI $59,680 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$741.8K
$649.1K – $865.5K
NOI $51,928 @ 7.0% cap · market cap 5.93%
Theoretical Best
Specialty Retail
$1.11M
$968.1K – $1.29M
NOI $77,444 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,289
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?
Duplex - Updated two-level residence includes a finished lower apartment with private entry, separate HVAC, and shared laundry access.
Where is this duplex located?
The property is located at 8209 FLOWER AVENUE Takoma Park, MD.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 1936 brick Cape Cod configured as a duplex; Finished English‑basement apartment with private entrance and one bedroom; Lower unit includes full kitchen, dining area, living room, walk‑in closet, and full bath
