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$1,260,000
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Property Description
An excellent investment opportunity awaits with this 9-unit apartment building, located just one mile from the vibrant downtown Silver Spring area. Each of the nine units boasts a spacious layout with 3 bedrooms and 2 bathrooms, offering comfortable living spaces that appeal to a broad tenant base. Key Features: Unit Configuration: All units feature 3 bedrooms and 2 full bath, providing versatile space for families, professionals, or roommates. Prime Location: Conveniently situated near shopping, dining, entertainment, and public transportation, with easy access to downtown Silver Spring ., Tacoma Park, and major commuter routes. Separately Metered: Each unit is independently metered for electricity, ensuring utility efficiency and enabling tenants to manage their own utility costs. Fully Occupied: The property is fully leased, providing immediate and consistent rental income. This property represents a turnkey investment with strong rental demand. Whether you're an experienced investor or looking to expand your portfolio, this apartment building combines prime location, functionality, and stable cash flow. Don't miss the chance to own this fantastic income-producing property! Contact us today to schedule a viewing or request additional details.
Full Property Details
Full Property Details for 20 Ritchie Ave
General
- Sold For: $1,260,000
- Taxes: $19,831 (2024)
- Status: Closed
- Type: Apartment
- Source: BrightMLSMidAtlantic
- MLS ID: MDMC2157872
- Added to Site: 399 day(s) ago
Business
- Business Type: Apartment Building
Parking
- Total Spaces: 20
- Parking Type: Parking Lot
Location
- Municipality: City of Takoma Park
- County: Montgomery
- Driving Directions: Take exit 28B from I-495 W, merge onto MD-650 S/New Hampshire Ave toward Takoma Park, Turn right onto MD-320 S/Piney Branch Rd, Turn left onto Ritchie Ave, At the traffic circle, continue straight to stay on Ritchie Ave, Turn right, property on the right
- City Limits: Yes
School Information
- High School: Montgomery Blair
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: 90% Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Stories/Levels: 3
- Year Built: 1966
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.5
- Lot Size (Sq. Ft.): 21,594
- Lot Size Source: Assessor
- Zoning: R30
Financial Considerations
- Price Per Sq. Ft.: $179.86
- Assessment Year: 2024
- City/TownTax: $6,218
- City/TownTax Freq: Annually
- County Tax: $12,965
- County Tax Freq: Annually
- Tax w/Assessment: $1,126,200
- Tax Amount: $19,831
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: P5
Listed by TTR Sotheby's International Realty, Nicola C Taylor
Sold by Jobin Realty, Endeela Khaliqi
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Schools
Schools serving 20 Ritchie Ave
School District:Montgomery County Public Schools, Gaithersburg, MD
| Name | Grades | Distance |
|---|---|---|
Piney Branch Elementary School, Takoma Park, MD 7510 Maple Avenue, Takoma Park, MD 20912 | 3-5 | 0.2 mi |
Takoma Park Elementary School 7511 Holly Avenue, Takoma Park, MD 20912 | PK-2 | 0.3 mi |
Takoma Park Middle School 7611 Piney Branch Rd, Silver Spring, MD 20910 | 6-8 | 0.3 mi |
Montgomery Blair High School 51 University Boulevard East, Silver Spring, MD 20901 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 20 Ritchie Ave
Date
Details
Price
Change
Source
10/02/2025
Sold
$1,260,000
-2.7%
MLS
12/13/2024
Listed
$1,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
20 Ritchie Avenue, Silver Spring, MD 20910 (MLS# MDMC2157872) is a Apartment property that was sold at $1,260,000 on October 02, 2025. Want to learn more about 20 Ritchie Avenue? Do you have questions about finding other Apartment real estate for sale in Silver Spring? You can browse all Silver Spring real estate or contact a Coldwell Banker agent to request more information.

