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607 UNIVERSITY BOULEVARD E
About This Property
One of the standout features is the ample off-street parking, providing convenience for multiple vehicles. Situated on University Boulevard East, you'll enjoy quick access to major commuter routes including I-495, downtown Silver Spring, Takoma Park, and Washington, D.C. The location also offers excellent access to shopping, dining, schools, and public transportation.
Nearby attractions and conveniences include:
Montgomery Blair High School
Montgomery Knolls Elementary & Eastern Middle School
Sligo Creek Park with its scenic trails and recreation
Wheaton Regional Park
Downtown Silver Spring, featuring restaurants, entertainment, the AFI Silver Theatre, shopping, and community events.
Bring your imagination, your contractor, and your vision-this is an outstanding opportunity to create value in a prime Silver Spring location. Property is being sold strictly As-Is.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 14, 2026 | In contract | - | |
| In contract | |||
| Sep 2, 2026 | Price Decreased |
$499,900
↓ $20K
(3.9%) | |
| Price Decreased | |||
| Aug 11, 2026 | Price Decreased |
$519,900
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Jul 17, 2026 | Listed by Smart Realty, LLC | $529,900 | |
| Listed by Smart Realty, LLC | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017