8306-8308 Barron St
Takoma Park, MD 20912
Barron Street Apartments · Immeuble residentiel Propriété À vendre · 22 Unités

THE OPPORTUNITY
Marcus & Millichap, as the exclusive listing agent, is pleased to offer a unique investment opportunity: the acquisition of 8306-8308 Barron Street, a fully stabilized, 22-unit multifamily property located in Takoma Park, Maryland. This well-maintained asset offers a strong cash flow with potential future rent increases, due to below-market rents and a solid tenant base. The property is 95% occupied, providing immediate income to a new owner. With a prime location in a rapidly developing neighborhood, this property stands to benefit from the ongoing growth and revitalization in the area, making it an ideal investment for long-term appreciation.
THE ASSET
8306-8308 Barron Street presents a compelling investment opportunity, featuring a 15,428 gross square foot multifamily building situated on a generous 54,014 square foot lot with R-30 zoning. The property is 95% occupied, providing immediate rental income for new investors. The asset includes a strong unit mix of 20 one-bedroom units and two (2) two-bedroom units, offering steady cash flow with the potential for rent increases. With rents currently 16% below market comparables, there is an opportunity to raise rents in line with the growing market. The property also includes a laundry facility and 24 parking spots, providing valuable amenities for tenants and additional income potential.
THE LOCATION
Takoma Park, Maryland, is experiencing significant growth and revitalization, underscored by recent developments and ongoing infrastructure improvements. Known for its quiet, safe, and residential character, Takoma Park offers excellent access to nearby points of interest such as Silver Spring, Bethesda, and Washington, DC. The area is well-connected by Metro and public transit, and is surrounded by a variety of local restaurants, retail, and green spaces, making it a highly desirable place to live. Transportation improvements include the ongoing extension of the Metropolitan Branch Trail, aimed at improving pedestrian and cyclist connectivity to Silver Spring. Additionally, the Purple Line light rail is expected to be completed in 2027, further connecting Takoma Park to points of interest across Maryland.