One-Bedroom Residential Income
For Sale
$185,000
95 E WAYNE AVENUE Unit 212, Silver Spring, MD 20901
The second-floor residence has assigned parking, shared laundry, and an Amazon Hub Locker for package deliveries.
Property Size803 SF
Price / SF$230.39
Days on Market30
Property Features for 95 E WAYNE AVENUE Unit 212
General Information
Standard status
Active
Size
803 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$1,782
Amenities
large common laundry room
bright and modern lobby
Amazon Hub Locker
Building Details
Building Size
803 SF
Year Built
1957
Listing Agency:
Compass
Listed By:
Horse Farms & Country Homes
(703) 966-9480
Source:
Horsefarmsandcountryhomes
Added: Sep 29
Changed: Oct 27
Last Checked: Oct 26 at 6:53PM
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 803-square-foot, one-bedroom, one-bathroom residence was built in 1957. Interior features include hardwood flooring, a separate dining area, a spacious living room, and a kitchen with stainless steel appliances. The bedroom has its own wall-mounted air-conditioning unit. The unit is on the second floor near the elevator, and assigned parking is included.
Building amenities include a common laundry room, a modern lobby, and an Amazon Hub Locker. The condo fee covers utilities, and the community welcomes pets.
The property is adjacent to the future Manchester Place Purple Line station and two blocks from Sligo Creek Parkway. Downtown Silver Spring, including its shopping, dining, entertainment, and Metro, is minutes away.
Building amenities include a common laundry room, a modern lobby, and an Amazon Hub Locker. The condo fee covers utilities, and the community welcomes pets.
The property is adjacent to the future Manchester Place Purple Line station and two blocks from Sligo Creek Parkway. Downtown Silver Spring, including its shopping, dining, entertainment, and Metro, is minutes away.
Key Highlights
- 803‑square‑foot, one‑bedroom, one‑bathroom residence
- Built in 1957
- Separate dining area, hardwood flooring, and stainless steel kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,259
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,180
$265.2K
Cap Rate 7%
$189,414
$189.4K
Cap Rate 9%
$147,322
$147.3K
Market Conditions
NOI Build-Up for 803 SF
Gross rent
$25.9K $32.28/SF
− Vacancy
−$1.8K −$2.26/SF
EGI
$24.1K $30.02/SF
− OpEx
−$10.8K −$13.51/SF
NOI
$13.3K $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%
$265,180
Cap Rate 7%
$189,414
Cap Rate 9%
$147,322
Alternative Uses
Best Use
Apartment 5plus
$189.4K
$165.7K – $221.0K
NOI $13,259 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$282.5K
$247.2K – $329.6K
NOI $19,773 @ 7.0% cap · market cap 10.69%
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
651
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 second-floor residence has assigned parking, shared laundry, and an Amazon Hub Locker for package deliveries.
Where is this residential income property located?
The property is located at 95 E WAYNE AVENUE Unit 212 Silver Spring, MD.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 803‑square‑foot, one‑bedroom, one‑bathroom residence; Built in 1957; Separate dining area, hardwood flooring, and stainless steel kitchen appliances
