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921 Prospect Street Takoma Park, MD $ 1,400,000
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$ 1,400,000 Get more info
921 Prospect Street
$ 1,400,000
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Open House 12/21 1pm - 3pm
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921 Prospect Street

Takoma Park, MD, 20912
$ 1,400,000
Bedrooms-- Baths-- Sq 8,852

Monthly Estimate*

$ 8,734

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Commercial Property for sale in Takoma Park, MD

for $1,400,000. This 8,852 square foot building was built in 1961 on a lot size of 0.2.

Rare Opportunity - Parkside 5 Unit Multi-Family in Excellent Condition-Public Open House Sunday 12-21-25, from 1 pm to 3 pm for Unit 1 viewing and Utility areas. 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.Each unit is bright and inviting.Enjoy morningcoffee/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 cabinetrywith 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 riseover 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 locatedoutside 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. Paint and carpets are clean and newer. 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 buildings condition allows for a turnkey takeover. This updated 1961 building, and its location, is a tenants 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.

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Open House

12/21/2025 1:00 PM - 3:00 PM
921 Prospect Street Takoma Park, MD
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
Commercial Active

Price

$ 1,400,000

Property Type

Commercial

Taxes

$ 11,205

Style

Apartment Building

Lot Size

0.2

Year Built

1961

Town/City

Takoma Park

County/Region

Montgomery

MLS | Web ID

MDMC2210724
Features
Interior
Heating Fuel Natural Gas
Flooring Carpet Hardwood
Hot Water Natural Gas
Total Stories 3
Heating Y/N Y
Central Air Y/N Y
Total Restrooms 5
Entry Level 2
Number of Elevators 0
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General
Sewer Public Sewer
Heating Forced Air Zoned
Cooling Central A/C
Utilities Cable TV Available Cable TV Natural Gas Available Phone Connected Sewer Available Water Available
Possession Immediate 61-90 Days CD Subject to Existing Lease
Roof Asphalt
Zoning R10
Security Features Main Entrance Lock Smoke Detector Carbon Monoxide Detector(s)
Construction Materials Brick
Year Built 1961
View Garden/Lawn Creek/Stream Trees/Woods Street
Topography Level on lot but street is has a hill.
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality None
Gross Income 107700.00
Business Type Apartment Building
Accessibility None
County MONTGOMERY
Net Operating Income 77702.00
Operating Expense 19881.00
Insurance Expense 3719.00
New Construction N
Property Type Commercial Sale
MaintenanceExpense 1703.00
Possible Use Apartment Building Apartments
Water Access Y/N N
Status ACTIVE
Directions From Piney Branch Rd turn right onto Flower Ave turn left onto Wabash Ave turn right onto Garland Ave turn left onto Prospect St. Property will be on the right next to LongBranch Park. Or from Carro
City TAKOMA PARK
Disclosures Lead Based Paint - Federal Lead Based Paint - State Rental Permits One Unit-Owner Occupied
Number Of Units Total 5
Lot Size Units Square Feet
Lot Size Square Feet 8852.00
Tax Annual Amount 11205.0
Electric Expense 1300.00
Property Condition Excellent
Price Per Sq Ft Total AG 158.16
Acceptable Financing Bank Portfolio Cash USDA
Association Fee 0.00
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Virtual Tour https://tour.truplace.com/property/322/140507/
Location Type Suburban
Standard Status Active
Year Built Source Estimated
Legal Subdivision FLOWER AVE PARK
Tax Lot 8
Total Actual Rent 107700.00
Cap Rate 5.55
Association Recreation Fee N
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Exterior
Parking Features Private
Lot Features 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
Water Source Public
Inclusions Washer and dryer in the owner's unit and the common area washer and dryer for other tenants. Storage shed conveys.
Type of Parking Driveway
Foundation Details Brick/Mortar Concrete Perimeter
Water View Y/N Y
Building Area Total 8852.00
Lot Size Acres 0.20
Road Surface Type Black Top
Lot Size Source Assessor
Waterfront Y/N N
Door Features Storm Sliding Glass
Road Responsibility City/County
Land Assessed Value 526700.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 921
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* Excluded Features
List By
Samson Properties

Broker

maplesden@gmail.com

Email

Affordability Calculator

$9,668
Per Month
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Monthly Principal & Interest
$8,734
Monthly Property Taxes
$934
Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/17/2025$1,400,000 Listed Price

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921 Prospect Street, Takoma Park, MD, 20912 is a Commercial Property for sale at $1,400,000 with 8,852 sqft and a lot size of 0.2. 921 Prospect Street was built in 1961. The property's zip code is 20912 which is in Takoma Park, MD

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