Two-Bedroom Residential
For Sale
$199,500
95 E WAYNE AVENUE Unit 305, Silver Spring, MD 20901
Updated kitchen and bath, assigned parking, and a first-floor storage bin complement the two-bedroom layout.
Property Size1,031 SF
Price / SF$193.50
Days on Market56
Property Features for 95 E WAYNE AVENUE Unit 305
General Information
Standard status
Active
Size
1,031 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,878
Amenities
stainless steel appliances
quartz countertops
assigned storage bin
utilities included
Building Details
Building Size
1,031 SF
Year Built
1957
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Kamran Azhdam · License #645470
(301) 502-9220
Source:
Jackrealtygroup
Added: Sep 3
Changed: Oct 27
Last Checked: Oct 26 at 3:54PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,031-square-foot condominium in Kenwood House has two bedrooms and one bathroom. The kitchen has stainless steel appliances, Shaker cabinets, and quartz countertops. The bathroom was renovated with a new tub, vanity, lighting, and ceramic tile. New paint and waterproof luxury vinyl tile extend through the living and dining rooms and bedrooms. The building dates to 1957.
The condo fee includes all utilities. The unit comes with a reserved parking space in the rear lot and an assigned storage bin on the first floor. A future Metro Purple Line station is planned next door, and Downtown Silver Spring’s shopping, dining, and entertainment are minutes away.
The condo fee includes all utilities. The unit comes with a reserved parking space in the rear lot and an assigned storage bin on the first floor. A future Metro Purple Line station is planned next door, and Downtown Silver Spring’s shopping, dining, and entertainment are minutes away.
Key Highlights
- Two‑bedroom, one‑bath condominium with 1,031 square feet
- Kitchen features stainless steel appliances, Shaker cabinets, and quartz countertops
- Renovated bathroom includes a new tub, vanity, lighting, and ceramic tile
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,023
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,460
$340.5K
Cap Rate 7%
$243,186
$243.2K
Cap Rate 9%
$189,144
$189.1K
Market Conditions
NOI Build-Up for 1,031 SF
Gross rent
$33.3K $32.28/SF
− Vacancy
−$2.3K −$2.26/SF
EGI
$31.0K $30.02/SF
− OpEx
−$13.9K −$13.51/SF
NOI
$17.0K $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%
$340,460
Cap Rate 7%
$243,186
Cap Rate 9%
$189,144
Alternative Uses
Best Use
Apartment 5plus
$243.2K
$212.8K – $283.7K
NOI $17,023 @ 7.0% cap · market cap 8.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$362.7K
$317.4K – $423.1K
NOI $25,388 @ 7.0% cap · market cap 12.73%
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 - Updated kitchen and bath, assigned parking, and a first-floor storage bin complement the two-bedroom layout.
Where is this residential income property located?
The property is located at 95 E WAYNE AVENUE Unit 305 Silver Spring, MD.
What is the asking price?
The asking price for this property is $199,500.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condominium with 1,031 square feet; Kitchen features stainless steel appliances, Shaker cabinets, and quartz countertops; Renovated bathroom includes a new tub, vanity, lighting, and ceramic tile
