Residential Income Unit with
For Sale
$229,990
9039 SLIGO CREEK PARKWAY Unit 1109, Silver Spring, MD 20901
Building services include a staffed front desk, security, a pool, and a fitness facility.
Property Size955 SF
Price / SF$240.83
Days on Market54
Property Features for 9039 SLIGO CREEK PARKWAY Unit 1109
General Information
Standard status
Active
Size
955 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,568
Amenities
pool
24-hour security
front desk
gym
walking closet
storage
Building Details
Building Size
955 SF
Year Built
1965
Listing Agency:
Compass
Listed By:
District Property Group
(202) 286-1658
Source:
Districtpropertygroup
Added: Sep 5
Changed: Oct 27
Last Checked: Oct 26 at 3:19PM
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 Compass
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Investment Insights
Based on property information with market context.
This residential income property is a unit in a building constructed in 1965. The home includes a walk-in closet, with additional storage located within the building. Residents have access to a community pool and gym, along with 24-hour security and front desk service. The property is at 9039 Sligo Creek Parkway in Silver Spring, Maryland.
The building has 200 attached garage parking spaces. The HOA fee covers gas, electricity, water, heating and cooling, trash, recycling, the gym, pool, and community parking.
The building has 200 attached garage parking spaces. The HOA fee covers gas, electricity, water, heating and cooling, trash, recycling, the gym, pool, and community parking.
Key Highlights
- Built in 1965
- 24‑hour security and front desk service
- Community pool and gym
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,768
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,360
$315.4K
Cap Rate 7%
$225,257
$225.3K
Cap Rate 9%
$175,200
$175.2K
Market Conditions
NOI Build-Up for 955 SF
Gross rent
$30.8K $32.28/SF
− Vacancy
−$2.2K −$2.26/SF
EGI
$28.7K $30.02/SF
− OpEx
−$12.9K −$13.51/SF
NOI
$15.8K $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%
$315,360
Cap Rate 7%
$225,257
Cap Rate 9%
$175,200
Alternative Uses
Best Use
Apartment 5plus
$225.3K
$197.1K – $262.8K
NOI $15,768 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$335.9K
$294.0K – $391.9K
NOI $23,516 @ 7.0% cap · market cap 10.22%
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
1,158
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 - Building services include a staffed front desk, security, a pool, and a fitness facility.
Where is this residential income property located?
The property is located at 9039 SLIGO CREEK PARKWAY Unit 1109 Silver Spring, MD.
What is the asking price?
The asking price for this property is $229,990.
What are key features of this property?
This property features: Built in 1965; 24‑hour security and front desk service; Community pool and gym
