Residential Income Property with
For Sale
$499,000
9610 DEWITT DRIVE Unit SH203, Silver Spring, MD 20910
Two-bedroom condo with an updated kitchen, dedicated parking, and storage unit in a historic Victorian-style complex.
Property Size1,408 SF
Price / SF$354.40
Days on Market55
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Property Features for 9610 DEWITT DRIVE Unit SH203
General Information
Standard status
Active
Size
1,408 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,739
Building Details
Building Size
1,408 SF
Year Built
1925
Listing Agency:
Washington Fine Properties
Listed By:
Alyssa A Crilley · License #594463
(301) 325-0079
Source:
Kerishull
Added: Aug 22
Changed: Oct 3
Last Checked: Oct 15 at 7:35AM
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 Washington Fine Properties
Investment Insights
Based on property information with market context.
This 1,408-square-foot condominium at National Park Seminary dates to 1925 and includes two bedrooms, one full bath, and one half bath. The living room receives natural light through three large windows and opens onto a private rear balcony. The kitchen has been updated with stainless steel appliances and connects to a windowed dining area. Both bedrooms include walk-in closets, with built-in storage in the second bedroom; the primary suite also provides balcony access. Designated parking and an additional storage unit are included.
The property is located in Forest Glen near Rock Creek Park and its walking trails. Forest Glen Metro station is less than a 5 minute drive away, while downtown Silver Spring and Bethesda are also described as minutes from the residence.
The property is located in Forest Glen near Rock Creek Park and its walking trails. Forest Glen Metro station is less than a 5 minute drive away, while downtown Silver Spring and Bethesda are also described as minutes from the residence.
Key Highlights
- 1,408 SF condominium in National Park Seminary
- Built in 1925 within a historic Victorian‑style complex
- Two bedrooms, 1.5 baths, and a private rear balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,248
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,960
$465.0K
Cap Rate 7%
$332,114
$332.1K
Cap Rate 9%
$258,311
$258.3K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$45.5K $32.28/SF
− Vacancy
−$3.2K −$2.26/SF
EGI
$42.3K $30.02/SF
− OpEx
−$19.0K −$13.51/SF
NOI
$23.2K $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%
$464,960
Cap Rate 7%
$332,114
Cap Rate 9%
$258,311
Alternative Uses
Best Use
Apartment 5plus
$332.1K
$290.6K – $387.5K
NOI $23,248 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$495.3K
$433.4K – $577.9K
NOI $34,671 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Explore this area
Business Placement
Demographics for 20910, MD
45,610
Population
23,209
Households
2
Avg Household Size
36
Median Age
74%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
9,915
Density / Sq Mi
$107,994
Median Household Income
$70,022
Median Earnings
$1,992
Median Rent
$690,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condo with an updated kitchen, dedicated parking, and storage unit in a historic Victorian-style complex.
Where is this residential income property located?
The property is located at 9610 DEWITT DRIVE Unit SH203 Silver Spring, MD.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,408 SF condominium in National Park Seminary; Built in 1925 within a historic Victorian‑style complex; Two bedrooms, 1.5 baths, and a private rear balcony
