Silver Spring, MD Multifamily Properties for Sale

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Updated: Jun 20

Renovated Colonial Income Property

12220 CENTERHILL Street, Silver Spring, MD 20902

$580,000

3,000 sqft 0.08 AC lot

Renovated Colonial twin home built in 1950 with 6 bedrooms and 4 full bathrooms
Fully finished basement plus main‑floor laundry for added everyday convenience
Kitchen with stainless steel appliances, upgraded countertops, and combination kitchen/dining area
Electric fireplace, crown moldings, recessed lighting, and wood floors plus luxury vinyl plank flooring
Heating forced air; cooling includes central air, ductless system, and ceiling fans

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This listing looks promising.

Here's a quick look at some key insights for

12220 CENTERHILL Street, SILVER SPRING, MD 20902

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Est. Cap Rate

8.5%
Above avg (5.9%)
Est. NOI

$50K
Annual
Price @ 7% Cap

$708K
Above asking
Property Type

Townhouse
Built 1950

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Updated: Apr 21

Three-Unit Triplex with Parking

746 THAYER Avenue, Silver Spring, MD 20910

$1,100,000

2,788 sqft 0.25 AC lot

Triplex generating $91,200 in gross annual income.
Located steps from the Metro, shops, and restaurants with an impressive 96 Walk Score.
Large 11,000 sq ft lot with potential for ADU or expansion.
All 3 units are registered rentals with Montgomery County and fully occupied.
Parking for up to five vehicles.

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Two-Building Apartment Community

735 Sligo Avenue, Silver Spring, MD 20910

$24,000,000

180,000 sqft

Two apartment buildings with circular driveways and shared management office, facing Sligo Avenue.

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Industrial Auto Body Portfolio

934 Philadelphia Ave, Silver Spring, MD 20910

Contact for pricing

4,080 sqft 0.31 AC lot

Two industrial-zoned buildings with auto body repair space and offices, plus two renovated residential units above.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Silver Spring Triplex with Expansion Potential

746 THAYER Ave, Silver Spring, MD 20910

$1,100,000

0.25 AC lot

Three-unit property near Metro, shops, and restaurants with high income.

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Contiguous Multifamily Portfolio for Sale

8201 Schrider Street, Silver Spring, MD 20910

Contact for pricing

19,044 sqft

Three well-maintained multifamily properties offer a favorable unit mix and strong resident convenience features.

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Duplex Investment Property

8209 SCHRIDER St, Silver Spring, MD 20910

$800,000

Duplex for sale, with bikeScore 55 and transitScore 58, offered individually or as part of a three-property portfolio.

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Apartment Building for Sale

8201 SCHRIDER St, Silver Spring, MD 20910

$1,870,000

For sale individually or as part of a portfolio with two adjacent Schrider Street properties.

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Four-Unit Apartment Building

8817 Glenville Road, Silver Spring, MD 20901

$805,000

Four rental units include three two-bedrooms and one one-bedroom, with electric wall-unit cooling.

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University Blvd Multifamily Investment Opportunity

1021 University Blvd E, Silver Spring, MD 20903

$2,900,000

Six updated units near Purple Line stop with income potential.

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Two 5-Story Apartment Buildings

714 Sligo Ave, Silver Spring, MD 20910

Contact for pricing

Portfolio includes two five-story apartment buildings totaling 107 units and 119 surface parking spaces.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 11 Active listings in Silver Spring, MD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated 3-Unit Brick Colonial

8511 Flower Avenue, Takoma Park, MD 20912

$925,000

2,712 sqft

Newly renovated 3-unit brick colonial with three independent apartments and separate gas/electric meters.

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Renovated 3-Unit Brick Colonial

8511 Flower Avenue, Takoma Park, MD 20912

Contact for pricing

2,712 sqft

Newly renovated three-unit residential income property with separate entrances, utilities, and attached three-bay garage parking.

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Mixed-Use Building with Ground Storefront

36033605 Georgia Avenue NW, Unit 3, Washington, DC 20010

$1,500,000

Three residential units above a ground-level storefront offer diversified occupancy with a clean, tenant-ready start.

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New Construction Apartment Building

7700 Georgia Ave NW, Washington, DC 20012

Contact for pricing

Brand-new 32-unit apartment building with balconies, positioned at a bus stop for convenient commuter access.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Central Business Zoned Development Land

107 HOWARD Street, La Plata, MD 20646

$250,000

0.23 AC lot

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Two Acre Buildable Wooded Lot

23RA Vessels Road, King William, VA 23126

$70,000

2.00 AC lot

Two-acre wooded lot, ideal for building a dream home.

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Land in Church View, VA

Wares Bridge, Church View, VA 23032

$39,900

Wooded land with road frontage, mobile homes permitted.

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Off-Market Properties in Silver Spring, MD

Consider similar Off-Market properties in Silver Spring, MD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (100+ UNITS)

8616 2nd Ave, Silver Spring, MD 20910-3786

Value Estimation by Request

290,544 sqft 1.75 AC lot

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APARTMENT HOUSE (100+ UNITS)

8455 Fenton St, Silver Spring, MD 20910-4995

Unit RU

Value Estimation by Request

215,660 sqft

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APARTMENT HOUSE (5+ UNITS)

714 Sligo Ave, Silver Spring, MD 20910-4769

$15,975,000

Estimated value

55,338 sqft 1.10 AC lot

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APARTMENT HOUSE (5+ UNITS)

12801 Old Columbia Pike, Silver Spring, MD 20904-5249

$13,640,000

Estimated value

94,512 sqft 3.71 AC lot

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APARTMENT HOUSE (5+ UNITS)

735 Sligo Ave, Silver Spring, MD 20910-4771

$7,135,000

Estimated value

66,604 sqft 1.38 AC lot

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APARTMENT HOUSE (5+ UNITS)

605 Sligo Ave, Silver Spring, MD 20910

$15,990,000

Estimated value

77,105 sqft 0.68 AC lot

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APARTMENT HOUSE (5+ UNITS)

8115 Schrider St, Silver Spring, MD 20910-4635

$1,255,000

Estimated value

8,521 sqft 0.21 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

626 Silver Spg Ave, Silver Spring, MD 20910-4659

$700,000

Estimated value

3,108 sqft 0.16 AC lot

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APARTMENT HOUSE (100+ UNITS)

11600 Lockwood Dr, Silver Spring, MD 20904-2301

$22,845,000

Estimated value

142,400 sqft 7.68 AC lot

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APARTMENT HOUSE (100+ UNITS)

11601 Lockwood Dr, Silver Spring, MD 20904-2304

$24,320,000

Estimated value

142,400 sqft 10.02 AC lot

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APARTMENT HOUSE (100+ UNITS)

1545 Falkland Ln, Silver Spring, MD 20910-2821

$39,520,000

Estimated value

167,440 sqft 6.97 AC lot

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APARTMENT HOUSE (100+ UNITS)

8305 Falkland Ln, Silver Spring, MD 20910

$38,385,000

Estimated value

168,000 sqft 8.34 AC lot

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APARTMENT HOUSE (100+ UNITS)

1600 Ew Hwy, Silver Spring, MD 20910-3009

$25,655,000

Estimated value

111,423 sqft 6.29 AC lot

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Silver Spring, MD Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Silver Spring, MD, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 208,912 square feet of properties for sale, with an estimated market value of $33,155,000.

Sale prices for multifamily properties in Silver Spring, MD start at $580,000, averaging $4,144,375, and reaching up to $24,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 333K

Population Growth (5Y) +0.9%

Median Household Income $103,205

College Educated 34.3%

High-Yield Neighborhoods for Investment

Identify Silver Spring submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
20902	$580K
20901	$805K
20903	$2.9M
20910	$5.8M

Taxes & Financing

Tax Rate (average for all types) 1.07%

Property Tax per SF $6.71 per SF

Tax Rate vs County Average 0.01 pp below county avg

Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Silver Spring fall within the 10,000 to 25,000 square foot range.

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Silver Spring, MD Multifamily Properties for Sale

12220 CENTERHILL Street, Silver Spring, MD 20902

746 THAYER Avenue, Silver Spring, MD 20910

735 Sligo Avenue, Silver Spring, MD 20910

934 Philadelphia Ave, Silver Spring, MD 20910

746 THAYER Ave, Silver Spring, MD 20910

8201 Schrider Street, Silver Spring, MD 20910

8209 SCHRIDER St, Silver Spring, MD 20910

8201 SCHRIDER St, Silver Spring, MD 20910

8817 Glenville Road, Silver Spring, MD 20901

1021 University Blvd E, Silver Spring, MD 20903

714 Sligo Ave, Silver Spring, MD 20910

Opportunities in Nearby Cities

8511 Flower Avenue, Takoma Park, MD 20912

8511 Flower Avenue, Takoma Park, MD 20912

36033605 Georgia Avenue NW, Unit 3, Washington, DC 20010

7700 Georgia Ave NW, Washington, DC 20012

Potential Development Sites for Consideration

107 HOWARD Street, La Plata, MD 20646

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

23RA Vessels Road, King William, VA 23126

Wares Bridge, Church View, VA 23032

Off-Market Properties in Silver Spring, MD

8616 2nd Ave, Silver Spring, MD 20910-3786

8455 Fenton St, Silver Spring, MD 20910-4995

714 Sligo Ave, Silver Spring, MD 20910-4769

12801 Old Columbia Pike, Silver Spring, MD 20904-5249

735 Sligo Ave, Silver Spring, MD 20910-4771

605 Sligo Ave, Silver Spring, MD 20910

8115 Schrider St, Silver Spring, MD 20910-4635

626 Silver Spg Ave, Silver Spring, MD 20910-4659

11600 Lockwood Dr, Silver Spring, MD 20904-2301

11601 Lockwood Dr, Silver Spring, MD 20904-2304

1545 Falkland Ln, Silver Spring, MD 20910-2821

8305 Falkland Ln, Silver Spring, MD 20910

1600 Ew Hwy, Silver Spring, MD 20910-3009

Silver Spring, MD Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Property Size Breakdown

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