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8906 PENNSYLVANIA AVENUE
About This Property
Conveniently located near major commuter routes, public transportation, shopping, dining, and employment centers, this property provides easy access to downtown DC, Prince George's County, and surrounding Montgomery County markets. The generous lot size offers a unique opportunity for renovation, expansion, redevelopment, or long-term investment potential (buyer to verify zoning and development possibilities).
Whether you're seeking your next fix-and-flip project, rental investment, or future development site, this property presents a rare chance to acquire land in an established area with strong demand and continued growth. Sold strictly AS-IS.
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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 28, 2026 | Sold | ||
| Sold | |||
| Aug 22, 2026 | In contract | - | |
| In contract | |||
| Aug 17, 2026 | Price Decreased |
$374,000
↓ $25K
(6.3%) | |
| Price Decreased | |||
| Jul 31, 2026 | Relisted | $399,000 | |
| Relisted | |||
| Jul 16, 2026 | In contract | - | |
| In contract | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Silver Spring
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$5,500 /mo
- 2 Beds
- 2 Baths
$6,350 /mo
- 4 Beds
- 3 Baths
- 3,218 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017