515 Apple Grove Road
Silver Spring, MD, 20904 $ 1,200,000
Bedrooms-- Baths-- Sq 3,222 Monthly Estimate*
$ 7,577
for $1,200,000. This 3,222 square foot building was built in 1956 on a lot size of 1.12.
TURNKEY ASSISTED LIVING FACILITY | OFFERED AT $1,200,000 11 Years in Operation | Real Estate + Business | Fully Staffed & Furnished This isn't a project. It's a business that's already running. An established, private-pay assisted living facility is available for the first time in 11 years. The sale includes the real estate (appraised at $800,000 as of June 1, 2026), the business (estimated at $400,000), all furnishings, existing staff, and a comprehensive vendor list. Walk in, take over, keep going. THE NUMBERS Offering Price: $1,200,000 Real Estate Appraised Value: $800,000 (June 1, 2026) Business Value Estimate: $400,000 Rooms/Occupancy: 8 private rooms, 6 occupied (2 available: one upper level, one lower level) Monthly Rate Per Room: $6,800 to $7,500 At Full Occupancy: Up to $60,000 per month gross THE PROPERTY All-brick residence on 1.2 to 1.3 acres with a spacious deck and outdoor areas. Warm and inviting with a true home-like setting that residents and families notice immediately. Ample windows throughout bring in natural light on both levels. The lower level features full-size windows and a temperature-controlled environment. Plenty of storage including a dedicated linen closet. The upper level holds 6 private rooms including a Jack & Jill bath configuration where 2 rooms share 1 full bath. The lower level has 2 additional private rooms. All 8 rooms are pre-wired for cable. Common areas include a comfortable living and sitting room, dining room, 4 full bathrooms all recently renovated, and a powder room for staff and visitors. RECENT RENOVATIONS Laminate flooring in the main area and lower level (2026), kitchen cabinet repaint with all new hinges (2026), large bath remodel with new vanity (2026), full interior repaint (2024), new HVAC unit (2024), driveway resurfaced (2024), hall bath remodel (2022), new roof (2021). EQUIPMENT AND SYSTEMS Whole-house generator, commercial washer under 3 years old, gas furnace, gas cooktop, gas hot water heater (installed 2002, heating element replaced approximately 5 years ago), 2 refrigerators, chest freezer, and ample storage throughout. SAFETY Fire sprinkler system with its own dedicated room, monitored fire alarm connected directly to the fire department, video surveillance throughout the property, BGE Home service contract in place, and all fireplaces decommissioned. OPERATIONS 8 employees and 1 supervisor currently in place. Two caregivers cover each 12-hour day shift from 8 AM to 8 PM, with bi-weekly housekeeping. A full vendor list transfers with the sale. LICENSING AND TRANSITION Active license in place with renewal due in May. Buyer may operate under the existing license during the approximately 3-month transfer period. A fire inspection is required. LLC ownership details are available upon request. Most listings in this category offer a building or a business, rarely both. This one delivers both, backed by 11 years of operating history, a trained team already in place, two rooms ready to fill immediately, and a private-pay model that commands premium rates in one of the most in-demand segments of senior housing. Confidential financials and full operational records are available to qualified buyers. Reach out today to request the NDA and schedule a private showing!
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Commercial ActiveApartment Building,Day Care Facility,Institutiona
FeaturesInteriorHeating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
Total Restrooms 5
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GeneralSewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Other Negotiable 31-60 Days CD
Roof Shingle
Zoning RE1
Construction Materials Brick
Year Built 1956
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Business Type Other Apartment Building Day Care Facility Institutional Medical Professional
Accessibility Other 32 + wide Doors Grab Bars Mod Mobility Improvements
County MONTGOMERY
New Construction N
Property Type Commercial Sale
Subdivision Name QUAINT ACRES
Possible Use Medical/Dental Apartment Building Apartments Day Care Institutional Multi-Family Professional Service Senior Assisted/Day Care Special Purpose Other
Water Access Y/N N
Status ACTIVE
Directions GPS: New Hampshire Ave to Quaint Acres Dr.. Left onto Apple Grove Rd.
City SILVER SPRING
Number Of Units Total 8
Lot Size Units Square Feet
Lot Size Square Feet 48692.00
Tax Annual Amount 8145.0
Property Condition Very Good
Price Per Sq Ft Total AG 372.44
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Legal Subdivision QUAINT ACRES
Tax Lot 11
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ExteriorWater Source Public
Type of Parking Driveway
Foundation Details Block
Water View Y/N N
Building Area Total 3222.00
Lot Size Acres 1.12
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 279500.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByCummings & Co. RealtorsBroker
bradenmaley@icloud.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,577
- Monthly Property Taxes
- $679
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyCommerical listings in Silver Spring, MD
Average List Price $1,000,892
Percent of Sale Price 17%
About Silver Spring, MD 82,012 Population
19% Since 2002
$ 77,809 Median Income
37.54 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/29/2026 | $1,200,000 | | Listed Price |