Renovated 3-Unit Brick
8511 Flower Avenue Takoma Park, MD 20912
For Sale
Contact for pricing
Newly renovated three-unit residential income property with separate entrances, utilities, and attached three-bay garage parking.
Property Size2,712 SF
Price / SF$351.03
Days on Market56
Property Features for 8511 Flower Avenue
General Information
- Standard status
- Active
- Size
- 2,712 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1939
Listing Agency:
Perennial DMV
Listed By:
Marci Wasserman · License #SP98377021
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 26 at 1:18PM
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
Investment Insights
Based on property information with market context.
This solid brick colonial has been newly renovated and is configured as three independent apartments. The main and upper-level units each feature two bedrooms and one full bath, with freshly painted interiors, new luxury vinyl plank flooring, recessed lighting with updated fixtures, and quartz kitchens. Each of these units also includes stainless steel appliances, combo washer/dryer units, fireplaces, and updated bathrooms, along with a bright living room and a separate dining room.
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.
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.
Key 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.
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 |
2,712 SF · lease $29.04/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$735.2K
$643.3K – $857.7K
NOI $51,463 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$639.7K
$559.7K – $746.3K
NOI $44,778 @ 7.0% cap · market cap 4.70%
Theoretical Best
Specialty Retail
$954.0K
$834.8K – $1.11M
NOI $66,781 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Newly renovated three-unit residential income property with separate entrances, utilities, and attached three-bay garage parking.
Where is this triplex located?
The property is located at 8511 Flower Avenue Takoma Park, MD.
What is the asking price?
The asking price for this property is $952,000.
What are key features of this property?
This property features: 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.
