Updated Duplex with Second
For Sale
$575,000
8411 11th Ave, Silver Spring, MD 20903
Two residential units offer flexible living arrangements and potential rental use.
Property Size2,100 SF
Price / SF$273.81
Days on Market84
Property Features for 8411 11th Ave
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Residential Income
Units
Unit Mix
3BR/2BA, 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,054
Building Details
Year Built
1951
Construction
ranch-style
Listing Agency:
Pearl Properties
(202) 345-3463
Listed By:
Felita A Phillips · License #5267
(202) 345-3463
Source:
Exprealty
Added: Jun 10
Changed: Aug 31
Last Checked: Aug 31 at 6:10PM
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 Pearl Properties
Investment Insights
Based on property information with market context.
This detached ranch-style duplex, built in 1951 and subsequently updated, contains two separate living areas totaling 2,100 square feet. The primary residence offers three bedrooms and two full bathrooms, while the additional dwelling includes three bedrooms and one full bathroom. The configuration supports occupying one unit while using the other for guests or rental purposes, or using the entire property as a residence.
Shopping, bus service, and the upcoming Purple Line station are all within walking distance. The property is in Silver Spring, with access to downtown DC and the University of Maryland identified as nearby commuting destinations.
Shopping, bus service, and the upcoming Purple Line station are all within walking distance. The property is in Silver Spring, with access to downtown DC and the University of Maryland identified as nearby commuting destinations.
Key Highlights
- Two‑unit detached duplex with 2,100 square feet
- Main residence includes 3 bedrooms and 2 full baths
- Second dwelling offers 3 bedrooms and 1 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
$39,850
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
6.93%
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%
$797,000
$797.0K
Cap Rate 7%
$569,286
$569.3K
Cap Rate 9%
$442,778
$442.8K
Market Conditions
NOI Build-Up for 2,100 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
$61.0K $29.04/SF
− Vacancy
−$4.1K −$1.93/SF
EGI
$56.9K $27.11/SF
− OpEx
−$17.1K −$8.13/SF
NOI
$39.8K $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%
$797,000
Cap Rate 7%
$569,286
Cap Rate 9%
$442,778
Alternative Uses
Best Use
Multifamily LT 5
$569.3K
$498.1K – $664.2K
NOI $39,850 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$495.3K
$433.4K – $577.9K
NOI $34,674 @ 7.0% cap · market cap 6.03%
Theoretical Best
Specialty Retail
$738.7K
$646.4K – $861.9K
NOI $51,711 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,221
Businesses Nearby
Explore this area
Business Placement
Demographics for 20903, MD
24,103
Population
7,471
Households
3.2
Avg Household Size
33
Median Age
26%
College-Educated
66%
High-School Grad
3.4 sq mi
ZIP Area
7,089
Density / Sq Mi
$77,349
Median Household Income
$34,318
Median Earnings
$1,831
Median Rent
$467,900
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?
Duplex - Two residential units offer flexible living arrangements and potential rental use.
Where is this duplex located?
The property is located at 8411 11th Ave Silver Spring, MD.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑unit detached duplex with 2,100 square feet; Main residence includes 3 bedrooms and 2 full baths; Second dwelling offers 3 bedrooms and 1 full bath
