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816 GIST AVENUE
About This Property
The main level features gorgeous hardwood floors, a spacious living room with wood-burning fireplace, a bright formal dining room, a large white kitchen with adjoining breakfast area, plus a flexible main-level office/sunroom.
Upstairs, the expansive primary suite offers a large walk-in closet and en-suite bath with dual vanity and soaking tub, accompanied by two additional generously sized bedrooms with hardwood floors and a full hall bath.
The finished lower level adds excellent versatility with a large recreation room, second wood-burning fireplace, den/office, laundry room, and abundant storage.
The home welcomes you with a charming covered front porch, perfect for morning coffee, relaxing, or enjoying the tree-lined setting. Out back, the fenced yard offers a private patio area ideal for grilling, entertaining, play, or pets, along with a former garage now used as a spacious storage shed, which can be be converted back to a garage. This home also offers convenient off-street driveway parking for up to three cars.
Freshly updated with new paint, carpet, and more, this home blends timeless character with modern comfort.
Perfectly positioned in Silver Spring's desirable Blair neighborhood, less than 3/4 mile to the Silver Spring Metro Station, MARC train, and Transit Center, and close to Downtown Silver Spring, Whole Foods, restaurants, shops, theaters, Ellsworth Place, Sligo Creek Park, and nearby neighborhood parks. A rare combination of residential charm, flexible living space, and outstanding walkability in one of Silver Spring's most convenient locations.
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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 |
|---|---|---|---|
| Jul 30, 2026 | Sold | ||
| Sold | |||
| Jun 17, 2026 | In contract | - | |
| In contract | |||
| Jun 17, 2026 | Price Increased |
$810,000
↑ $85K
(11.7%) | |
| Price Increased | |||
| May 25, 2026 | No longer available | - | |
| No longer available | |||
| May 14, 2026 | Listed by RE/MAX Realty Services | $724,900 | |
| Listed by RE/MAX Realty Services | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017