Renovated 3-Unit Brick
8511 Flower Avenue, Takoma Park, MD 20912
Newly renovated 3-unit brick colonial with three independent apartments and separate gas/electric meters.
Type:Multi-Family
Property size:
2,712 SFPrice / SF:
$341/SF- Added:
- Sep 10, 2025
- Days on Market:
- 302
- Last Refresh:
- Jul 8 at 2:42 am
Property Features for 8511 Flower Avenue
General Information
- Standard status
- Active
- Size
- 2,712 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1939
Listing office Patriot Realty, LLC (610) 679-0127
Listing date Sep 10, 2025
Source Thetristaterealestategroup
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 Patriot Realty, LLC
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
- Each of the three units is separately metered for gas and electricity
- Detached 3‑bay garage with side entry provides 3 detached garage spaces (one designated for each unit)
- Basement features include a full/daylight improved basement with insulated windows and 2 total fireplaces
Overview
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.
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 |
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 5.56%
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 local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Takoma Park
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.0026798
- Latitude
- 38.996054
Nearby Similar for Sale
FAQs
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
