High-Rise Residential Income
For Sale
$210,000
9039 SLIGO CREEK PARKWAY Unit 1210, Silver Spring, MD 20901
The one-bedroom residence offers access to an outdoor pool, fitness room, sauna, and laundry facilities on each floor.
Property Size927 SF
Price / SF$226.54
Days on Market132
Property Features for 9039 SLIGO CREEK PARKWAY Unit 1210
General Information
Standard status
Active
Size
927 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,229
Amenities
24-hour secure front desk liaison
outdoor pool
exercise facility
sauna
laundry centers on every floor
Building Details
Building Size
927 SF
Year Built
1965
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jun 19
Changed: Oct 27
Last Checked: Oct 26 at 3:17PM
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
Based on property information with market context.
This 927-square-foot, one-bedroom, one-bath condominium occupies the 12th floor of a residential building constructed in 1965. Building amenities include an outdoor pool, exercise facility, sauna, 24-hour front desk service, and laundry centers on every floor.
A Ride-On bus stop in the parking lot provides service to the Silver Spring Metro station. Sligo Creek Park trails are nearby, with Downtown Silver Spring a short drive away.
A Ride-On bus stop in the parking lot provides service to the Silver Spring Metro station. Sligo Creek Park trails are nearby, with Downtown Silver Spring a short drive away.
Key Highlights
- 927‑square‑foot condominium with one bedroom and one bathroom
- Positioned on the 12th floor
- Building dates to 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,306
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,120
$306.1K
Cap Rate 7%
$218,657
$218.7K
Cap Rate 9%
$170,067
$170.1K
Market Conditions
NOI Build-Up for 927 SF
Gross rent
$29.9K $32.28/SF
− Vacancy
−$2.1K −$2.26/SF
EGI
$27.8K $30.02/SF
− OpEx
−$12.5K −$13.51/SF
NOI
$15.3K $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%
$306,120
Cap Rate 7%
$218,657
Cap Rate 9%
$170,067
Alternative Uses
Best Use
Apartment 5plus
$218.7K
$191.3K – $255.1K
NOI $15,306 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$326.1K
$285.3K – $380.5K
NOI $22,827 @ 7.0% cap · market cap 10.87%
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 - The one-bedroom residence offers access to an outdoor pool, fitness room, sauna, and laundry facilities on each floor.
Where is this residential income property located?
The property is located at 9039 SLIGO CREEK PARKWAY Unit 1210 Silver Spring, MD.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 927‑square‑foot condominium with one bedroom and one bathroom; Positioned on the 12th floor; Building dates to 1965
