700 ROEDER RD. #402
About This Property
The manager has listed the unit size as 639 square feet.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 5, 2025 | Sold | ||
| Sold | |||
| Jul 19, 2025 | In contract | - | |
| In contract | |||
| Jun 13, 2025 | Price Decreased |
$350,000
↓ $30K
(7.9%) | |
| Price Decreased | |||
| May 18, 2025 | Listed | $380,000 | |
| Listed | |||
| | |||
|
Fantastic opportunity in downtown Silver Spring for an investor or owner occupant! This was an office-to-residential conversion completed in 2022. The unit features stainless steel appliances, quartz countertops, LVP flooring, porcelain tile in the bathroom, plus full size washer and dryer. The building provides private conference rooms optimal for working from home, pet-friendly policies, and an Amazon locker. The unit comes with a private storage closet on the same floor. Convenient to everything... shopping, dining, metro, Whole Foods, library, AFI, the Filmore and soon the Purple Line! There is a county garage right next door, so while parking is not included with this listing, it's super easy and close by! The unit is currently rented to a very reliable tenant. Lease ends August 31, 2025.
| |||
| Jan 2, 2023 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/20/2025
|
1 Bed
|
1 Bath
|
585 ft²
|
$295,000
1 Bed
1 Bath
585 ft²
|
$290,000
-1.69%
02/08/2026
|
Gary Walker
RE/MAX Realty Services
| |
|
07/11/2025
|
1 Bed
|
1 Bath
|
585 ft²
|
$299,900
1 Bed
1 Bath
585 ft²
|
$280,000
-6.64%
09/26/2025
|
Charles Gilroy
Redfin Corp
| |
|
05/18/2025
|
2 Bed
|
1 Bath
|
639 ft²
|
$380,000
2 Bed
1 Bath
639 ft²
|
$345,000
-9.21%
09/05/2025
|
Brenda Mejia
Compass
| |
|
08/10/2023
|
1 Bed
|
1 Bath
|
-
|
$349,900
1 Bed
1 Bath
|
$351,000
+0.31%
10/03/2023
|
Jennifer Hurley
Coldwell Banker Realty
| |
|
04/06/2022
| |
1 Bed
|
1 Bath
|
-
|
$334,900
1 Bed
1 Bath
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
|
|
06/17/2022
|
1 Bed
|
1 Bath
|
541 ft²
|
$339,900
1 Bed
1 Bath
541 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
06/16/2022
|
2 Bed
|
1 Bath
|
639 ft²
|
$399,900
2 Bed
1 Bath
639 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
02/09/2022
|
1 Bed
|
1 Bath
|
541 ft²
|
$339,900
1 Bed
1 Bath
541 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
04/19/2022
|
1 Bed
|
1 Bath
|
639 ft²
|
$419,900
1 Bed
1 Bath
639 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
08/02/2022
|
1 Bed
|
1 Bath
|
541 ft²
|
$294,900
1 Bed
1 Bath
541 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
06/03/2022
|
Studio
|
1 Bath
|
354 ft²
|
$209,900
Studio
1 Bath
354 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
05/13/2022
|
1 Bed
|
1 Bath
|
639 ft²
|
$349,900
1 Bed
1 Bath
639 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
04/06/2022
|
1 Bed
|
1 Bath
|
541 ft²
|
$334,900
1 Bed
1 Bath
541 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
04/06/2022
|
1 Bed
|
1 Bath
|
598 ft²
|
$329,900
1 Bed
1 Bath
598 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
02/18/2022
|
1 Bed
|
1 Bath
|
639 ft²
|
$419,900
1 Bed
1 Bath
639 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
10/15/2021
|
1 Bed
|
1 Bath
|
585 ft²
|
$357,400
1 Bed
1 Bath
585 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
02/09/2022
|
1 Bed
|
1 Bath
|
598 ft²
|
$319,900
1 Bed
1 Bath
598 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
01/24/2022
|
1 Bed
|
1 Bath
|
598 ft²
|
$344,900
1 Bed
1 Bath
598 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
01/21/2022
|
1 Bed
|
1 Bath
|
639 ft²
|
$379,900
1 Bed
1 Bath
639 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
12/16/2021
|
2 Bed
|
1 Bath
|
639 ft²
|
$412,400
2 Bed
1 Bath
639 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
12/16/2021
|
1 Bed
|
1 Bath
|
585 ft²
|
$362,400
1 Bed
1 Bath
585 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
12/08/2021
|
1 Bed
|
1 Bath
|
541 ft²
|
$299,900
1 Bed
1 Bath
541 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
07/08/2021
|
2 Bed
|
1 Bath
|
639 ft²
|
$397,400
2 Bed
1 Bath
639 ft²
|
-
-
|
Lisa Frazier
Urban Pace, a Long & Foster Company
| |
|
11/12/2021
|
1 Bed
|
1 Bath
|
598 ft²
|
$324,900
1 Bed
1 Bath
598 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
10/15/2021
|
1 Bed
|
1 Bath
|
598 ft²
|
$294,900
1 Bed
1 Bath
598 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
10/15/2021
|
1 Bed
|
1 Bath
|
541 ft²
|
$329,900
1 Bed
1 Bath
541 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
10/15/2021
|
1 Bed
|
1 Bath
|
598 ft²
|
$339,900
1 Bed
1 Bath
598 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
10/15/2021
|
2 Bed
|
1 Bath
|
639 ft²
|
$427,400
2 Bed
1 Bath
639 ft²
|
-
-
|
Aaron Cartier
Urban Pace, a Long & Foster Company
| |
|
07/08/2021
|
1 Bed
|
1 Bath
|
585 ft²
|
$344,900
1 Bed
1 Bath
585 ft²
|
-
-
|
Lisa Frazier
Urban Pace, a Long & Foster Company
| |
|
07/08/2021
|
1 Bed
|
1 Bath
|
541 ft²
|
$324,900
1 Bed
1 Bath
541 ft²
|
-
-
|
Lisa Frazier
Urban Pace, a Long & Foster Company
| |
|
07/08/2021
|
1 Bed
|
1 Bath
|
598 ft²
|
$299,900
1 Bed
1 Bath
598 ft²
|
-
-
|
Lisa Frazier
Urban Pace, a Long & Foster Company
| |
|
07/08/2021
|
Studio
|
1 Bath
|
354 ft²
|
$199,900
Studio
1 Bath
354 ft²
|
-
-
|
Lisa Frazier
Urban Pace, a Long & Foster Company
|
Building Info
About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017