8511 Flower Avenue, Takoma Park, MD 20912
Newly renovated three-unit residential income property with separate entrances, utilities, and attached three-bay garage parking.
- Added:
- Jun 2, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 6 at 5:35 am
Property Features for 8511 Flower Avenue
General Information
- Standard status
- Active
- Size
- 2,712 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1939
Listing agent Marci Wasserman License #SP98377021
Listing office Perennial DMV
Listing date Jun 2, 2026
Source Crexi
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 Perennial DMV
HighLights
- Newly renovated 3‑unit multi‑family property in Takoma Park with flexible live‑in or lease‑each setup.
- Three independent apartments: two units with 2 bedrooms and 1 full bath, plus a lower‑level 1‑bedroom, 1‑bath unit.
- Updated finishes in each unit including new flooring, recessed lighting with updated fixtures, quartz kitchens, and stainless steel appliances.
- Each unit has combo washer/dryer units; lower‑level unit also includes a spacious granite eat‑in kitchen and a storage room with separate washer/dryer.
- All units are separately metered for gas and electricity.
- Detached three‑bay garage with one bay designated for each unit, plus lower‑level access to a private patio.
Overview
The lower level offers a one-bedroom, one-bath apartment with a private entrance. It includes new flooring, a granite eat-in kitchen, a spacious storage room with a separate washer and dryer, and access to a private patio. All three units are separately metered for gas and electricity, supporting independent living and leasing arrangements. A detached three-bay garage provides parking and storage, with one bay designated for each unit.
For owners seeking on-site living with rental income, this layout provides practical flexibility: occupy one unit while leasing the others. For investors, the separate metering and independent apartment configuration can simplify tenant management and reduce utility commingling. The property’s multi-family zoning supports its use as a residential income asset, with updated finishes throughout designed to support strong day-to-day livability for tenants.
Local 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 | $78.8k | $29.04 |
| − Vacancy | −$5.2k | −$1.93 |
| EGI | $73.5k | $27.11 |
| − OpEx | −$22.1k | −$8.13 |
| NOI | $51.5k | $18.98 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Takoma Park
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.0026798
- Latitude
- 38.996054
