Four-Unit Apartment
New
For Sale
$760,000
8815 GLENVILLE ROAD, Silver Spring, MD 20901
The unit mix includes three two-bedroom apartments and one one-bedroom apartment.
Property Size3,600 SF
Days on Market5
Property Features for 8815 GLENVILLE ROAD
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Quadruplex
Units
Unit Mix
3 x 2BR, 1 x 1BR
Multifamily Units
4
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,543
Building Details
Building Size
3,600 SF
Year Built
1953
Buildings
1
Listing Agency:
Weichert, REALTORS
Listed By:
Azeb Teklay · License #680624
(301) 633-2652
Source:
Barnesrealestatecompany
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 4 at 4:16PM
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 Weichert, REALTORS
Investment Insights
Based on property information with market context.
This four-unit apartment property contains three two-bedroom residences and one one-bedroom residence. The building dates to 1953.
The property is one block from the Purple Line, which is under construction, and has access to University Boulevard and Piney Branch Road. Walk Score is 76, Bike Score is 67, and Transit Score is 56.
The property is one block from the Purple Line, which is under construction, and has access to University Boulevard and Piney Branch Road. Walk Score is 76, Bike Score is 67, and Transit Score is 56.
Key Highlights
- Four apartments: three two‑bedroom units and one one‑bedroom unit
- One block from the Purple Line, currently under construction
- Built in 1953
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,314
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,366,280
$1.4M
Cap Rate 7%
$975,914
$975.9K
Cap Rate 9%
$759,044
$759.0K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$104.5K $29.04/SF
− Vacancy
−$7.0K −$1.93/SF
EGI
$97.6K $27.11/SF
− OpEx
−$29.3K −$8.13/SF
NOI
$68.3K $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 Rate 5%
$1,366,280
Cap Rate 7%
$975,914
Cap Rate 9%
$759,044
Alternative Uses
Best Use
Multifamily LT 5
$975.9K
$853.9K – $1.14M
NOI $68,314 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$849.1K
$743.0K – $990.7K
NOI $59,440 @ 7.0% cap · market cap 7.82%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,648 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - The unit mix includes three two-bedroom apartments and one one-bedroom apartment.
Where is this quadplex located?
The property is located at 8815 GLENVILLE ROAD Silver Spring, MD.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Four apartments: three two‑bedroom units and one one‑bedroom unit; One block from the Purple Line, currently under construction; Built in 1953
