Homes for sale - 921 PROSPECT ST, Takoma Park, MD 20912

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tue

Jan

Wed

Jan

Thu

Jan

Graceann Tinney

graceann@graceanntinney.com +1(267) 373-8244

Listed by David Maplesden • Samson Properties

$1,400,000

Est. payment - /mo

8,852 Sqft Lot

Save Virtual Tour

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDMC2210724

Year Built 1961

Annual Tax Amount $11,205

Tax Year 2025

Lot Size 8,852 Sqft

Acres 0.2

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

921 Prospect St, Takoma Park, MD, is an all-brick 5-Unit apartment building, nestled
alongside Long Branch Stream Valley Park, with balconies/porches overlooking the park
in every unit (THE GOVERNMENT FLOOD PLAIN MAP DOES NOT DESIGNATE THIS AS A FLOOD PLAIN). Each unit is bright and inviting. Enjoy morning coffee/dinner on your
balcony, listening to the birds with creek views.
Such a rare, captivating, attractive layout, and in excellent condition.
All units are 2BR 1Ba. The "owner unit" has a private storage/hobby/laundry room as
well as custom wood cabinetry with pull-out drawers for easy storage in both bedrooms.
Units 2 through 5 are currently licensed and occupied.
Updated lead-free certificates are available for the 4 licensed units.
This is a great opportunity for a resident/owner in a move-in-ready building. Enjoy
$6815 of current income from the upper units to supplement expenses, or rent unit 1 for
$2200/month and boost income to $9015 per month, which will rise over the years. With
all units rented, there is a potential current income of around $108,000/year.
Contact the listing agent for income/expense, lease, and unit details.
This building is located outside of the Takoma Park City limits – it is not subject to the
City Rent Stabilization law, but it is subject to the Montgomery County law, with fewer
restrictions.
The units offer updated kitchens, and most have granite countertops and recent
cabinets. The paint and carpets are clean and new. Each unit has a large storage locker in
the basement utility room, along with a shared community washer/dryer.
Each unit is individually metered and has its own HVAC System (gas furnace/central air
conditioning unit). The owner pays for water/sewer/water heater.
Private, off-street, paved parking lot for 5 vehicles.
The building's condition allows for a turnkey takeover.
This updated 1961 building, and its location, is a tenant's dream.
Recent replacements/improvements include a new 100 Gallon gas water heater in
2023, a recent large LG washer/dryer in the utility room, new HVAC system (unit 2 in
2023), new AC (units 2 and 5 in 2024), and units 1, 2, 3, and 5 kitchens remodeled.
The building has 6 electric and 6 gas meters and is cable-ready with fiber-optic internet.
Secured entry foyer to the 4 upper units.
There is a useful storage shed in the rear garden and a private patio behind a fence
(Unit 1).
Mature garden shrubs and trees enhance the attractive location beside the park with
trails.
Two future Purple Line metro stations are within .5 miles of the Takoma DC Metro
station on the Red Line is 1.5 miles.
Historic downtown Takoma Park with restaurants, Food Coop, Library, and shops are
nearby, as is the Whole Foods in downtown Silver Spring and additional shopping.
Interstate 495 access is a 5 to 15-minute drive away, depending on traffic and the
entrance chosen. Bethesda, MD, and the University of Maryland are a short commute.
Washington Adventist University is a short walk away.

Having sold many multi-family units in the Takoma Park area, I can vouch that this
building is in one of the best conditions you will find, and not your average multi-family
property/location. It's a good long-term investment and/or an ideal home for an owner/resident who wants a private unit with a shared community around them.

Location

State MD

County Montgomery

Zoning R10

Interior

Hot Water Natural Gas

Heating Forced Air, Zoned

Cooling Central A/C

Flooring Carpet, Hardwood

Inclusions Washer and dryer in the owner's unit, and the common area washer and dryer for other tenants. Storage shed conveys.

Heat Source Natural Gas

Exterior

Garage Spaces 5.0

Utilities Available Cable TV Available, Cable TV, Natural Gas Available, Phone Connected, Sewer Available, Water Available

Water Access N

View Garden/Lawn, Creek/Stream, Trees/Woods, Street

Roof Type Asphalt

Street Surface Black Top

Accessibility None

Road Frontage City/County

Total Parking Spaces 5

Garage N

Building

Lot Description Adjoins - Open Space, Adjoins - Public Land, Backs to Trees, Backs - Parkland, Cul-de-sac, No Thru Street, Rear Yard, Road Frontage, SideYard(s), Trees/Wooded

Foundation Brick/Mortar, Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Rolling Terrace

Middle Schools Silver Spring International

High Schools Montgomery Blair

School District Montgomery County Public Schools

Others

Tax ID 161301005986

Ownership Fee Simple

Security Features Main Entrance Lock,Smoke Detector,Carbon Monoxide Detector(s)

Acceptable Financing Bank Portfolio, Cash, USDA

Listing Terms Bank Portfolio, Cash, USDA

Financing Bank Portfolio,Cash,USDA

Special Listing Condition Standard

Virtual Tour https://tour.truplace.com/property/322/140507/

Read Less Info

GET MORE INFORMATION

Graceann Tinney

Agent | RSRS344523

+1(267) 373-8244

QUICK SEARCH

There are 45 quick searches

921 PROSPECT ST Takoma Park, MD 20912

Graceann Tinney

Key Details

Location

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

921 PROSPECT ST