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8232 EASTERN AVENUE NW
About This Property
The location is effortlessly convenient, with Walkscore designations of "Very Walkable", "Excellent Transit" and "Very Bikeable". The neighborhood balances green space with proximity to grocery stores, restaurants, coffee shops and recreation. Less than a 10 minute walk to Metro, MARC, and many points of interest. The home is in-boundary for Shepherd Elementary, Deal Middle School, and Jackson-Reed HS.
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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 |
|---|---|---|---|
| Sep 30, 2026 | Price Decreased |
$1,099,950
↓ $100K
(8.3%) | |
| Price Decreased | |||
| Sep 14, 2026 | Listed by Compass | $1,199,950 | |
| Listed by Compass | |||
| Feb 24, 2022 | No longer available | - | |
| No longer available | |||
| Jan 27, 2022 | In contract | - | |
| In contract | |||
| Jan 20, 2022 | Listed by Silver Spring Downtown | $800,000 | |
| Listed by Silver Spring Downtown | |||
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Attention Deal Hunters! This Diamond in the Rough Holds Great Value. Solid Brick 3 Level Single Family with Substantial Potential. Property Features 3 Bed 2.5 baths, Wood Floors, Separate Dining & living Space, Wood Burning Fireplace, Sunroom, Private Rear Parking & High Ceiling Walk-out Basement. Conveniently Situated in the Established Shepperd Park Neighborhood, Right on the Line between Upper NW DC and Downtown Silver Spring. Just Blocks from the Red Line Metro, Future Purple Line, the Lively Atmosphere of the Town Center's Restaurants, Shops & Theaters or the Tranquility & Peace of Rock Creek Park. Home is Being Sold Strictly AS-IS. WELCOME HOME!
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About Northwest Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017