Takoma Park, MD 20912 921 Prospect Street

OPEN HOUSE Sun, Dec 21 2025 1:00 PM - 3:00 PM
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Presented By: Samson Properties
  • MLS# MDMC2210724
  • 12/17/2025
  • Request Tour
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  • SQFT • 8,852

Home Details

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.
Presented By: Samson Properties

Interior Features for 921 Prospect Street

Bathrooms

Total Restrooms5

Other Interior Features

Central Air Y/NYes
FlooringCarpet, Hardwood
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Number of Elevators
Total Stories3

Other Rooms

Entry Level2

General for 921 Prospect Street

Acceptable FinancingBank Portfolio, Cash, USDA
AccessibilityNone
Association Fee0.00
Association Recreation FeeN
Business TypeApartment Building
Cap Rate5.55
CityTAKOMA PARK
Construction MaterialsBrick
Cool FuelElectric
CoolingCentral A/C
CountyMONTGOMERY
DirectionsFrom 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
DisclosuresLead Based Paint - Federal, Lead Based Paint - State, Rental Permits, One Unit-Owner Occupied
Electric Expense1300.00
Gross Income107700.00
HeatingForced Air, Zoned
Historic Y/NNo
Insurance Expense3719.00
Lease Considered Y/NNo
Legal SubdivisionFLOWER AVE PARK
Location TypeSuburban
Lot Size Square Feet8852.00
Lot Size UnitsSquare Feet
MaintenanceExpense1703.00
MunicipalityNone
Net Operating Income77702.00
New ConstructionNo
Number Of Units Total5
Operating Expense19881.00
OwnerPaysAccounting/Legal, Advertising/Licenses and Permits, Common Area Maintenance, Insurance, Lawn/Shrub Care, Pest Control, Repairs, Sewer, Sewer Maintenance, Snow Removal, Supplies, Taxes - Real Estate, Trash Collec
OwnershipFee Simple
PossessionImmediate, 61-90 Days CD, Subject to Existing Lease
Possible UseApartment Building, Apartments
Price Per Sq Ft Total AG158.16
Property ConditionExcellent
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseOwner User
RoofAsphalt
Security FeaturesMain Entrance Lock, Smoke Detector, Carbon Monoxide Detector(s)
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount11205.0
Tax Assessed Value708933.0
Tax Lot8
Tax Year2025
TopographyLevel on lot but street is has a hill.
Total Actual Rent107700.00
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station 1 to 3 miles, Commuter Lots less than 5 miles, Commuter Rail Station 1 to 5 miles
UtilitiesCable TV Available, Cable TV, Natural Gas Available, Phone Connected, Sewer Available, Water Available
Vacation Rental Y/NNo
ViewGarden/Lawn, Creek/Stream, Trees/Woods, Street
Virtual TourClick here
Water Access Y/NNo
Year Built1961
Year Built SourceEstimated
ZoningR10

Exterior for 921 Prospect Street

Building Area Total8852.00
Car Parking Spaces5
Door FeaturesStorm, Sliding Glass
Fencing Y/NY
Foundation DetailsBrick/Mortar, Concrete Perimeter
InclusionsWasher and dryer in the owner's unit, and the common area washer and dryer for other tenants. Storage shed conveys.
Land Assessed Value526700.00
Land Use CodeM
Lot FeaturesAdjoins - Open Space, Adjoins - Public Land, Backs to Trees, Backs - Parkland, Cul-de-sac, No Thru Street, Rear Yard, Road Frontage, SideYard(s), Trees/Wooded
Lot Size Acres0.20
Lot Size SourceAssessor
Navigable Water Y/NNo
Parking FeaturesPrivate
Road ResponsibilityCity/County
Road Surface TypeBlack Top
Topography DescriptionLevel on lot but street is has a hill.
Total Loading Docks0
Total Parking Spaces5
Type of ParkingDriveway
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NYes
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $1,400,000
MLS#MDMC2210724
List Date 12/17/2025
Property Type Commercial
Phone 703.929.4729
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