One-Bedroom Residential Income
9039 SLIGO CREEK PARKWAY Unit 205, Silver Spring, MD 20901
For Sale
$228,243
The condo combines an open living and dining area with a private balcony and access to shared recreation and fitness amenities.
Property Size927 SF
Price / SF$246.22
Days on Market257
Property Features for 9039 SLIGO CREEK PARKWAY Unit 205
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
pool
sauna
fitness center
concierge
24-hour security
Building Details
Building Size
Year Built
Construction
Listing Agency:
Coldwell Banker Realty
Listed By:
Ineke M Mustamarhadi · License #534529
(202) 509-5889
Source:
Signaturemoverealestate
Added: Feb 25
Changed: Nov 5
Last Checked: Nov 7 at 10:18AM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 927-square-foot condo was built in 1965 and has one bedroom and one bathroom. The kitchen features granite countertops, stainless steel appliances, and upgraded cabinetry, while hardwood flooring extends through the open living and dining space. A private balcony and bedroom closet storage add to the unit’s interior configuration. The condo fee includes all utilities.
Residents have access to a pool, sauna, fitness center, concierge service, and 24-hour security.
Residents have access to a pool, sauna, fitness center, concierge service, and 24-hour security.
Key Highlights
- 927‑square‑foot condo with one bedroom and one bathroom
- Kitchen with granite countertops, stainless steel appliances, and upgraded cabinetry
- Hardwood floors in the open living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,306
Cap Rate
6.71%
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 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$326.1K
$285.3K – $380.5K
NOI $22,827 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,158
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
$571,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Montgomery County, MD
Properties on Market for Residential income properties in Montgomery County
Frequently Asked Questions
What type of property is this?
Residential income property - The condo combines an open living and dining area with a private balcony and access to shared recreation and fitness amenities.
Where is this residential income property located?
The property is located at 9039 SLIGO CREEK PARKWAY Unit 205 Silver Spring, MD.
What is the asking price?
The asking price for this property is $228,243.
What are key features of this property?
This property features: 927‑square‑foot condo with one bedroom and one bathroom; Kitchen with granite countertops, stainless steel appliances, and upgraded cabinetry; Hardwood floors in the open living and dining area
