8545 GEREN ROAD #231
About This Property
Enjoy modern conveniences with a 2022 washer and dryer, 2021 refrigerator, 2022 HVAC, and a 2025 water heater. The roof was replaced in 2024, and the condo association covers master insurance, water, exterior maintenance (deck and windows excluded), plus access to the swimming pool. Trash is collected twice weekly and recycling once weekly.
Upstairs, find three bedrooms and one full bathroom, while the finished basement includes an additional full bathroom and versatile living space. Two dedicated parking spaces plus one visitor pass make parking hassle-free.
Perfectly located just under five minutes to downtown Silver Spring, Whole Foods, the Farmers Market, shops, dining, multiple Metro stations, bus stops, and scenic Sligo Creek Park trails. Also ideally positioned near the future Purple Line, adding even more connectivity across Montgomery and Prince George's Counties. Commuters will love convenient access to Route 29 and local transit options.
Don't miss this rare opportunity to combine comfort, convenience, and charm!
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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 |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Apr 4, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | Listed by Long & Foster Real Estate, Inc. | $339,500 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Mar 18, 2025 | Listed by Long & Foster Real Estate, Inc. | $340,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/27/2026
|
3 Bed
|
2 Bath
|
1180 ft²
|
$339,500
3 Bed
2 Bath
1180 ft²
|
$345,000
+1.62%
05/15/2026
|
Jeremy Rosenthal
Long & Foster Real Estate, Inc.
| |
|
03/18/2025
|
3 Bed
|
2 Bath
|
1180 ft²
|
$340,000
3 Bed
2 Bath
1180 ft²
|
-
-
|
Tammy Kornegay
Tapestry at Largo Station
|
Building Info
About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017