Renovated 3-Unit Brick
For Sale
$925,000
Pending
8511 Flower Avenue, Takoma Park, MD 20912
Newly renovated 3-unit brick colonial with three independent apartments and separate gas/electric meters.
Property Size2,958 SF
Days on Market348
Property Features for 8511 Flower Avenue
General Information
Standard status
Pending
Size
2,958 SF
Total Parking Spaces
3
Property subtype
Contingent
Zoning
R10
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,317
Amenities
Other,Daylight,Full,Improved,Windows
Hardwood
Natural Gas
Yes
3
No
Insulated
Assessor
2
2nd Kitchen,Combination Dining/Living,Entry Level Bedroom,Floor Plan - Traditional,Formal/Separate Dining Room,Kitchen - Table Space,Wood Floors
No Pool
Public
R
0.13
Garage - Side Entry
Detached Garage
Block
227400.00
Building Details
Building Size
2,958 SF
Year Built
1939
Tenancy
Multi
Listing Agency:
Realty Mark Associates - KOP
(610) 679-0127
Listed By:
Amanda Strain · License #1540241
(610) 679-0127
Source:
Thetristaterealestategroup
Added: Sep 10, 2025
Changed: Aug 8
Last Checked: Jul 23 at 3:33AM
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 Realty Mark Associates - KOP
Investment Insights
Based on property information with market context.
This solid brick colonial has been newly renovated to offer three independent apartments. The main and upper-level units each feature two bedrooms and one full bath, with fresh paint, new luxury vinyl plank flooring, recessed lighting with updated fixtures, and quartz kitchens equipped with stainless steel appliances and combo washer/dryer units. Each of these levels also includes a bright living room and separate dining room, along with fireplaces and updated bathrooms.
The lower level is configured as a one-bedroom, one-bath apartment with a private entrance. It offers new flooring, a spacious granite eat-in kitchen, and a dedicated storage room with a separate washer and dryer, plus access to a private patio.
All three units are separately metered for gas and electricity, supporting independent occupancy and straightforward leasing. A detached three-bay garage provides designated parking for each unit and adds on-site storage value. Located in the Between the Creeks area of Takoma Park, the property is steps from Sligo Creeks bike and walking trails and near parks and playgrounds, as well as local dining options and the forthcoming Purple Line. It also provides readily accessible transit service to the Red Line metro and is positioned between the downtowns of Takoma Park and Silver Spring, making it practical for tenants seeking a mix of neighborhood amenities and commuter convenience.
The lower level is configured as a one-bedroom, one-bath apartment with a private entrance. It offers new flooring, a spacious granite eat-in kitchen, and a dedicated storage room with a separate washer and dryer, plus access to a private patio.
All three units are separately metered for gas and electricity, supporting independent occupancy and straightforward leasing. A detached three-bay garage provides designated parking for each unit and adds on-site storage value. Located in the Between the Creeks area of Takoma Park, the property is steps from Sligo Creeks bike and walking trails and near parks and playgrounds, as well as local dining options and the forthcoming Purple Line. It also provides readily accessible transit service to the Red Line metro and is positioned between the downtowns of Takoma Park and Silver Spring, making it practical for tenants seeking a mix of neighborhood amenities and commuter convenience.
Key Highlights
- Newly renovated 3‑unit brick colonial with three independent apartments, offering multi‑family living and rental flexibility
- Main and upper units each include 2 bedrooms and 1 full bath with fresh paint, new LVP flooring, recessed lighting, and quartz kitchens
- Lower level unit (private entrance) is 1 bedroom and 1 bath with a granite eat‑in kitchen, new flooring, and access to a private patio
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
$51,463
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
5.56%
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%
$1,029,260
$1.0M
Cap Rate 7%
$735,186
$735.2K
Cap Rate 9%
$571,811
$571.8K
Market Conditions
NOI Build-Up for 2,712 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
$78.8K $29.04/SF
− Vacancy
−$5.2K −$1.93/SF
EGI
$73.5K $27.11/SF
− OpEx
−$22.1K −$8.13/SF
NOI
$51.5K $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%
$1,029,260
Cap Rate 7%
$735,186
Cap Rate 9%
$571,811
Alternative Uses
Best Use
Multifamily LT 5
$735.2K
$643.3K – $857.7K
NOI $51,463 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$639.7K
$559.7K – $746.3K
NOI $44,778 @ 7.0% cap · market cap 4.84%
Theoretical Best
Specialty Retail
$954.0K
$834.8K – $1.11M
NOI $66,781 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
874
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?
Triplex - Newly renovated 3-unit brick colonial with three independent apartments and separate gas/electric meters.
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 $925,000.
What are key features of this property?
This property features: Newly renovated 3‑unit brick colonial with three independent apartments, offering multi‑family living and rental flexibility; Main and upper units each include 2 bedrooms and 1 full bath with fresh paint, new LVP flooring, recessed lighting, and quartz kitchens; Lower level unit (private entrance) is 1 bedroom and 1 bath with a granite eat‑in kitchen, new flooring, and access to a private patio
