8515 Flower Avenue, Takoma Park, MD 20912 For Sale

THE OPPORTUNITY

8515 Flower Avenue presents the opportunity to acquire a fully occupied, five-unit multifamily asset in Takoma Park with meaningful upside already identified and largely de-risked. Current ownership has completed substantial capital improvements, while approximately 9% of additional rental growth can be captured through existing rent banking as leases roll through mid-2027. The Property combines stable in-place cash flow with a clear path to increased NOI in one of Montgomery County's most supply-constrained submarkets.

BANKED RENT UPSIDE

The Property offers approximately 9% near-term rental upside through accumulated statutory rent banking, increasing annual gross potential rent from $110,820 to $120,758 as leases naturally roll between June 2026 and July 2027. This embedded upside supports a projected 13.3% increase in NOI without requiring additional capital investment.

PROVEN VALUE-ADD WITH LIMITED REMAINING CAPEX

Current ownership has invested significantly in the asset, including a new TPO roof, brick repointing, common area improvements, a new hot water heater, and renovations to four of the five units. The comprehensive capital program substantially reduces near-term deferred maintenance risk while leaving a single remaining unit as a future value-add opportunity.

METRO-ADJACENT, SUPPLY-CONSTRAINED LOCATION

Located within walking distance of the Takoma Metro station, 8515 Flower Avenue provides direct access to Downtown Silver Spring, I-495, US-29, and major employment centers including the FDA, WHO, and NIH corridor. The Silver Spring–White Oak submarket contains more than 27,000 units but only 463 units remain under construction, supporting long-term rent growth and occupancy fundamentals. Additionally, the Piney Branch Purple Line Station is a half mile away, providing a new transit option for existing a new residents.