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7332 DAMASCUS ROAD
About This Property
If you're looking for a home where you can create something distinctly your own, this 4-bedroom, 1.5-bath property gives you plenty to work with!
The existing layout includes a living room with a masonry fireplace, dining room, and separate kitchen. The home's current condition calls for extensive updating and presents an opportunity to rethink the interior, finishes, and functionality.
Outside, you have a deep front and backyard with mature trees, a fenced area, driveway parking, and a detached shed for additional storage. With no HOA, you have fewer community restrictions as you consider the property's next chapter.
Set directly along Damascus Road (Route 108), the location puts you within easy reach of the downtown, where Main Street is lined with independent businesses and longtime local favorites such as Jimmie Cone, The Hornet's Nest Grille, and Tom & Ray's Family Restaurant. Damascus-area schools are nearby, and Route 108 provides a direct connection toward Olney and surrounding Montgomery County communities.
You're also positioned near 2 major outdoor destinations: Patuxent River State Park and the Seneca Creek area for your hiking, fishing, paddling, biking, and time outdoors.
Bring your renovation plans and see how much potential this Damascus property has to offer.
Some images may reflect digital editing, including removal of personal property, to help showcase the home.
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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 25, 2026 | Sold | ||
| Sold | |||
| Sep 1, 2026 | In contract | - | |
| In contract | |||
| Aug 20, 2026 | Listed by EXP Realty, LLC | $400,000 | |
| Listed by EXP Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017