Top-Floor One-Bedroom
For Sale
$155,000
8720 MANCHESTER ROAD Unit 5, Silver Spring, MD 20901
Renovated kitchen, separate dining room, hardwood floors, and assigned parking complement this owner-occupant residence.
Property Size700 SF
Price / SF$221.43
Days on Market14
Property Features for 8720 MANCHESTER ROAD Unit 5
General Information
Standard status
Active
Size
700 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,133
Amenities
assigned storage cage
secure bike room
app-managed laundry room
included parking
Building Details
Building Size
700 SF
Year Built
1950
Buildings
1
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 15
Changed: Oct 27
Last Checked: Oct 26 at 2:19PM
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 Jack Realty Group
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Investment Insights
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This 700-square-foot, top-floor co-op has one bedroom, one bathroom, and a separate dining room. Hardwood flooring extends throughout, and the oversized bedroom receives morning light. The renovated kitchen features new cabinetry, counters, and flooring, with gas cooking. Bathroom fixtures and finishes have also been updated, alongside fresh paint, lighting, outlets, switch covers, and ceiling fans. A new air-conditioning unit was installed in 2026.
Building improvements include a new boiler and hot-water system in 2025. A 2018 capital program added a roof, gutters and downspouts, double-pane windows, and copper plumbing and water lines to all 21 units. Residents have an assigned storage cage, secure bike room, app-managed laundry, and included parking. The monthly co-op fee covers heat, gas, electricity, water, sewer, air conditioning, trash, snow removal, maintenance, reserves, and master insurance; property taxes are billed separately.
The property is near Sligo Creek Park, trails, tennis courts, and a playground. Shops, schools, Downtown Silver Spring, the Metro, and Ride On bus service are within walking distance. The Manchester Place Purple Line station is under construction, with service expected in Winter 2027.
Building improvements include a new boiler and hot-water system in 2025. A 2018 capital program added a roof, gutters and downspouts, double-pane windows, and copper plumbing and water lines to all 21 units. Residents have an assigned storage cage, secure bike room, app-managed laundry, and included parking. The monthly co-op fee covers heat, gas, electricity, water, sewer, air conditioning, trash, snow removal, maintenance, reserves, and master insurance; property taxes are billed separately.
The property is near Sligo Creek Park, trails, tennis courts, and a playground. Shops, schools, Downtown Silver Spring, the Metro, and Ride On bus service are within walking distance. The Manchester Place Purple Line station is under construction, with service expected in Winter 2027.
Key Highlights
- 700‑square‑foot top‑floor co‑op with one bedroom, one bathroom, and a separate dining room
- Renovated kitchen with new cabinetry, counters, and flooring; gas cooking
- New air‑conditioning unit installed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,558
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,160
$231.2K
Cap Rate 7%
$165,114
$165.1K
Cap Rate 9%
$128,422
$128.4K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$22.6K $32.28/SF
− Vacancy
−$1.6K −$2.26/SF
EGI
$21.0K $30.02/SF
− OpEx
−$9.5K −$13.51/SF
NOI
$11.6K $16.51/SF
Area
Montgomery County, MD
Vacancy
7.00%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,160
Cap Rate 7%
$165,114
Cap Rate 9%
$128,422
Alternative Uses
Best Use
Apartment 5plus
$165.1K
$144.5K – $192.6K
NOI $11,558 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$246.2K
$215.5K – $287.3K
NOI $17,237 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
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Business Placement
Demographics for 20901, MD
36,537
Population
13,783
Households
2.7
Avg Household Size
38
Median Age
56%
College-Educated
90%
High-School Grad
5.3 sq mi
ZIP Area
6,894
Density / Sq Mi
$127,133
Median Household Income
$63,220
Median Earnings
$1,785
Median Rent
$571,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated kitchen, separate dining room, hardwood floors, and assigned parking complement this owner-occupant residence.
Where is this residential income property located?
The property is located at 8720 MANCHESTER ROAD Unit 5 Silver Spring, MD.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 700‑square‑foot top‑floor co‑op with one bedroom, one bathroom, and a separate dining room; Renovated kitchen with new cabinetry, counters, and flooring; gas cooking; New air‑conditioning unit installed in 2026
