7981 EASTERN AVENUE #301
About This Property
The manager has listed the unit size as 833 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 |
|---|---|---|---|
| Aug 19, 2026 | Price Decreased |
$425,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Aug 5, 2026 | Price Decreased |
$449,950
↓ $50
(0%) | |
| Price Decreased | |||
| Jul 18, 2026 | Listed | $450,000 | |
| Listed | |||
| |||
|
$25,000 PRICE REDUCTION. Awesome opportunity to own a sunny 2BR/2BA corner unit condo in the desirable Eastern Village Community (constructed 2004 and upgraded 2020).
CONVENIENCE:
• Walking distance to 2 Metro lines, award winning library, eclectic restaurants, coffee shops, retail.
• Urban + cultural amenities of Silver Spring + downtown DC.
• Trails at Sligo Creek and Rock Creek National Parks.
• Convenience to commuting roads – yet it is very quiet.
• Available garage parking right behind the building.
FEATURES:
• Quiet, 3rd floor corner unit;
• Super clean, updated, move-in ready;
• 2 bedrooms + 2 full baths;
• Upgraded energy efficient, geothermal heating/cooling;
• Abundant natural light - windows on 3 sides;
• Freshly painted;
• Open concept living-kitchen-dining;
• In-unit laundry room w/ upgraded machines;
• Outstanding interior/exterior storage closets;
• Low monthly condo fee includes water, gas, trash/recycling, internet;
• Pets are welcome!
ABOUT EASTERN VILLAGE CO-HOUSING:
• Diverse and welcoming community of private condo owners who enjoy both private residences and exceptional shared amenities in a "modern village" setting;
• On a quiet, tree-lined street near downtown Silver Spring;
• U.S. Green Building Council LEED Silver Certified sustainable community (geothermal HVAC systems, energy-efficient lighting, green roof, native landscaping);
• Some events include yoga classes, poetry readings, music + drama performances, dance parties, game nights, craft clubs, lectures, BBQs/potlucks/community dinners, movie nights, story telling.
• THIS CONDO AND COMMUNITY ARE TRULY A MUST VISIT!
| |||
| Mar 21, 2020 | No longer available | - | |
| No longer available | |||
| Sep 4, 2019 | Listed | $362,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/13/2025
|
1 Bed
|
1 Bath
|
746 ft²
|
$299,500
1 Bed
1 Bath
746 ft²
|
$265,000
-11.52%
05/20/2026
|
LaKisa Carter
Keller Williams Capital Properties
| |
|
05/27/2024
|
2 Bed
|
2 Bath
|
1490 ft²
|
$510,000
2 Bed
2 Bath
1490 ft²
|
$590,000
+15.69%
07/31/2024
|
Joseph Hawkins
JOE HAWKINS REALTY
| |
|
12/11/2023
|
1 Bed
|
1 Bath
|
751 ft²
|
$320,000
1 Bed
1 Bath
751 ft²
|
$320,000
01/16/2024
|
Danielle Kenny
Wind Chime Properties
| |
|
03/10/2022
|
2 Bed
|
1 Bath
|
835 ft²
|
$375,000
2 Bed
1 Bath
835 ft²
|
-
-
|
Andrew Essreg
RLAH Real Estate
| |
|
07/23/2020
|
1 Bed
|
1 Bath
|
612 ft²
|
$267,000
1 Bed
1 Bath
612 ft²
|
$266,995
0.00%
03/04/2021
|
Kimberly Webb
| |
|
11/07/2019
| |
1 Bed
|
1 Bath
|
-
|
$240,000
1 Bed
1 Bath
|
-
-
|
-
|
|
09/04/2019
|
2 Bed
|
2 Bath
|
833 ft²
|
$362,000
2 Bed
2 Bath
833 ft²
|
-
-
|
-
| |
|
04/30/2014
|
2 Bed
|
2 Bath
|
1502 ft²
|
$432,500
2 Bed
2 Bath
1502 ft²
|
$428,000
-1.04%
06/06/2014
|
Nathalie Mullinix
Nathalie Mullinix Realty Universal, Inc.
| |
|
07/25/2013
|
2 Bed
|
1 Bath
|
862 ft²
|
$345,000
2 Bed
1 Bath
862 ft²
|
$343,000
-0.58%
08/30/2013
|
Anthony Golden
RE/MAX Realty Group
| |
|
05/08/2013
|
1 Bed
|
1 Bath
|
612 ft²
|
$229,900
1 Bed
1 Bath
612 ft²
|
$210,000
-8.66%
07/08/2013
|
Paul Butterfield
RE/MAX Realty Services
|
Building Info
- 3 Units for Sale
About Silver Spring
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$8,000 /mo
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$4,995 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017