Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Multi Units, Electric

  • Heating YN

    YES

  • Heating

    Electric, Heat Pump

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block, Brick

  • Parking

    Driveway, Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.17

  • Lot Size(square feet)

    7200.0

  • Property Type

    Commercial Sale

  • Property Sub Type

    Retail

Price

  • Sales Price

    $1,425,000

  • Tax Amount

    $4,000

  • Zoning

    This zoning permits Office, Medical, Retail, Services uses, Church and must more.

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Accessibility Features

    Accessible Hallway(s)

  • Sewer

    Public Sewer

  • Tax Lot

    26

  • Water Source

    Public

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Location

County

MONTGOMERY

Elementary School

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High School

Listing Courtesy of Lawrence Rosen , Commercial & Investment Realty Associates, LLC.

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1007 University Blvd. Takoma Park, Md.  COMMERCIALLY ZONED PROPERTY IDEAL FOR OFFICE, RETAIL, MEDICAL or OTHER USES!  Once the residential lease expires in Nov. 30, 2026 this building can be converted to commercial uses just like all the other similar adjacent buildings are.  THIS IS  RARE OPPORTUNITY TO ACQUIRE A BUILDING ALONG THIS STRIP AT A REDUCED PRICE LIKE THIS.  ACT QUICK IT WON'T LAST LONG.  PURPLE LINE METRO WILL BE ACROSS THE STREET.  SEE FULL PACKAGE ATTACHED.

Improvements:               This 3,360 s.f. above grade, plus partial basement, freestanding structure is divided into 4 equally sized (+/- 840 s.f.) units (2 bedroom, 1 bath) currently fully rented out to low-income residential tenants.  This building is ideal for an investor or future office or retail owner occupant or redevelopment.   Each space is fully self-contained with its own HVAC unit, bathroom and front and rear entrances.  Each floor can easily be combined to create 1,680 s.f. spaces on each level. Sewer, water, gas and electric serve the property. Property has a flat roof.  The 5 parking spaces and driving areas are paved. The interior of each unit is in good condition and its obvious the building has been maintained well.  Gas heat and water with electric air conditioning for each unit.  There is a 200-amp electric panel, 5 electric and 5 gas meters.  There is a partial basement with two rooms containing a small laundry area and the other contains two gas fired hot water heaters and other equipment.  Each room has a sump pump.  There is a laundry company that supplies and maintains the washer and dryer and splits the revenue with the owner.   

Major Repairs:  Over the past +/- 3 years the previous owner has spent about $80,000 and completed major repairs to include the following: totally renovated all 4 units, paint, flashing and replacing some windows, rebuild front and back porches, roof repairs, rehab laundry room, replaced some doors, replace sump pump, repairs to HVAC units and more.

Lead Free Building:        Maryland Department of the Environment has certified this property Lead-Free.

1007 UNIVERSITY BOULEVARD E

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Related Properties

New on site 2 days ago
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!
#MDMC2242844

SILVER SPRING

515 APPLE GROVE ROAD

None Beds

None Baths

3,222 Sq.Ft.

$1,200,000

MLS#: MDMC2242844

 - property

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