Two-Bedroom Residential Income
For Sale
$155,000
9205 NEW HAMPSHIRE AVENUE Unit B-2, Silver Spring, MD 20903
Residents have access to an outdoor pool during the warmer season.
Property Size829 SF
Price / SF$186.97
Days on Market42
Property Features for 9205 NEW HAMPSHIRE AVENUE Unit B-2
General Information
Standard status
Active
Size
829 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,053
Amenities
outdoor pool
Building Details
Building Size
829 SF
Year Built
1964
Listing Agency:
Jack Realty Group
Listed By:
John Pruski
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 17
Changed: Oct 26
Last Checked: Oct 26 at 10:28AM
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
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 residential property offers 829 square feet with two bedrooms and one bathroom. The bedrooms and bathroom are arranged on the same level, and the home was built in 1964.
The property is in the Presidential Park community in Silver Spring, Maryland, where residents can use an outdoor pool in warmer months. The condo fee includes all utilities except electricity.
The property is in the Presidential Park community in Silver Spring, Maryland, where residents can use an outdoor pool in warmer months. The condo fee includes all utilities except electricity.
Key Highlights
- Two bedrooms and one bathroom in 829 square feet
- Outdoor pool available to residents during warmer months
- Condo fee covers all utilities except electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,688
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,760
$273.8K
Cap Rate 7%
$195,543
$195.5K
Cap Rate 9%
$152,089
$152.1K
Market Conditions
NOI Build-Up for 829 SF
Gross rent
$26.8K $32.28/SF
− Vacancy
−$1.9K −$2.26/SF
EGI
$24.9K $30.02/SF
− OpEx
−$11.2K −$13.51/SF
NOI
$13.7K $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%
$273,760
Cap Rate 7%
$195,543
Cap Rate 9%
$152,089
Alternative Uses
Best Use
Apartment 5plus
$195.5K
$171.1K – $228.1K
NOI $13,688 @ 7.0% cap · market cap 8.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$291.6K
$255.2K – $340.2K
NOI $20,414 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 20903, MD
24,103
Population
7,471
Households
3.2
Avg Household Size
33
Median Age
26%
College-Educated
66%
High-School Grad
3.4 sq mi
ZIP Area
7,089
Density / Sq Mi
$77,349
Median Household Income
$34,318
Median Earnings
$1,831
Median Rent
$467,900
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to an outdoor pool during the warmer season.
Where is this residential income property located?
The property is located at 9205 NEW HAMPSHIRE AVENUE Unit B-2 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: Two bedrooms and one bathroom in 829 square feet; Outdoor pool available to residents during warmer months; Condo fee covers all utilities except electricity
