Takoma Park MD Real Estate & Commercial for Sale

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 (THE GOVERNMENT FLOOD PLAIN MAP DOES NOT DESIGNATE THIS AS A FLOOD PLAIN). Each unit is bright and inviting.  Enjoy morning coffee/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 cabinetry with 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 rise over 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 located outside 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. The paint and carpets are clean and new. 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.

Discover an exceptional opportunity to elevate your business at 7610 Carroll Ave Suite 310 in the heart of Takoma Park. This professional office condo offers a bright, versatile layout ideal for medical, wellness, administrative, or professional services. The suite features a welcoming reception area, multiple private offices/treatment rooms, and ample natural light throughout. The building offers elevator access, updated common areas, and convenient restrooms on each floor. Located steps from local shops, restaurants, public transit, and the Takoma Metro, this property provides unbeatable visibility and accessibility for clients and staff. Whether you're expanding your practice or seeking a prime location for your growing business, Suite 310 delivers the flexibility and convenience you need.

Newly Renovated, 100% occupied, Nearly a 7% return cash on cash. 7-Unit mansion style apartment building in Takoma Park Maryland. Located in a highly desirable neighborhood. New Roof (2023). Unit upgrades in 5 of 7 apartments. Fully Permitted. Paved Off-Street Parking. Do not disturb tenants.

Set on a rare and expansive 2.82-acre parcel in the heart of Takoma Park and just over the DC line, this unique property presents a compelling opportunity for visionary developers, institutional uses, and investors. Most recently operated as a private school, 117 Elm Avenue sits within the R-60 residential zone of Montgomery County, offering a variety of redevelopment possibilities in one of the regions most walkable and desirable neighborhoods. Surrounded by mature trees, historic homes, and just minutes from the Takoma Metro Station, this site combines location, scale, and flexibility-an ideal canvas for transformation. Whether the vision is residential, a condo development, senior living, or an institutional campus, the propertys zoning and size support a broad range of potential uses. Additionally, currently operating schools can take this turn-key property to new heights. The R-60 zone permits single-family detached homes by-right, and allows for a host of conditional uses that cater to residential, institutional, and community needs. Developers may explore uses such as townhomes or attached units (via special exception), senior housing, day care or medical facilities, or even private educational or religious institutions. Office use is conditionally allowable in the zoning. The property's flat topography, ample street frontage, and proximity to transit further enhance its redevelopment viability. As a school, it features dozens of classrooms, multiple bathrooms, a regulation-size gymnasium with stage, administrative offices, a kitchen, and more. Located just steps from downtown Takoma Park and the Washington, D.C. line, this site is walkable to shops, restaurants, parks, and public transportation. Its a rare chance to reimagine a substantial landholding in a neighborhood where demand for thoughtful, community-focused development continues to grow. Buyers are encouraged to consult with Montgomery County Planning to explore the full range of permitted and conditional uses under the R-60 zoning ordinance. With strong fundamentals and an unbeatable location, 117 Elm Avenue is poised to become one of the regions most impactful residential or mixed-use redevelopments. A preschool currently leases a small portion of the lowest level of the building. The rest of the building is vacant. Lease can convey or can be terminated.

This beautiful Church is nestled in Takoma Park, Maryland. The property seats approximately 400 and boasts two levels, with three bathrooms. The service area has ample lighting and includes a front stage and audio room. Natural light brightens the space with tall ceilings and wide aisles. The basement level includes multiple classrooms, a Pastor's office, storage, and a kitchenette. It is approximately 1 block from the future purple line station, making metro accessibility at your fingertips. The church has been well maintained and is ready for a new congregation or developers looking for a great area. Owner financing available.

This is wonderful investment opportunity.Fully occupied apartment building .Property NEEDS complete RENOVATION and is placed under Montgomery county Trouble Property.Investor will appreciate the quality and good history of ON TIME RENT PAYMENT. It's sold strictly AS IS 5 APARTMENTS OF 2 Bedrooms and 1 Bath each. Back on the Market. Property has an extra lot worth more than two hundred and eighty K That's an extra equity for the new buyer.