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Marcus & Millichap Sells 22-Unit Multifamily Property In Takoma Park For $1.815M
SOLD
Maryland
See Similar DealsMultiFamily30,856 SF
Sold 01/09/2026
SOLD
Marcus & Millichap Sells 22-Unit Multifamily Property In Takoma Park For $1.815M
8308 Barron Street & 8308 Barron Street
See Similar DealsMultiFamily30,856 SF
Sold 01/09/2026
Summary
MARYLAND
Asset Type:MultiFamily
Price Per Square Foot:$58
Total Square Footage:30,856 SF
Transaction Type:Sale
A 22-unit multifamily property located at 8306–8308 Barron Street in Takoma Park, MD, has been sold for $1,815,000. The property spans 15,428 square feet, resulting in a price per square foot of approximately $118.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,815,000
- Sale Date: 01/09/2026
- Address: 8308 Barron Street, Takoma Park, MD
- Square Footage: 15,428
- Price per Square Foot: $118
The transaction involved representation by brokers Ryan Murray, John Slowinski, and Marty Zupancic from Marcus & Millichap, who represented a private family trust in this sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,448.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,604.03
Annual Debt Service$103,248.31
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