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Listed by Braden Maley • Cummings & Co. Realtors
$ 1,200,000
Est. payment /mo
New
515 APPLE GROVE RD Silver Spring, MD 20904
1.12 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Quaint Acres
MLS Listing ID MDMC2242844
Year Built 1956
Annual Tax Amount $8,145
Tax Year 2025
Lot Size 1.118 Acres
Acres 1.12
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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!
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!
Location
State MD
County Montgomery
Zoning RE1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Water Access N
Roof Type Shingle
Accessibility Other, 32\"+ wide Doors, Grab Bars Mod, Mobility Improvements
Total Parking Spaces 4
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Montgomery County Public Schools
Others
Tax ID 160500304650
Ownership Fee Simple
Special Listing Condition Standard
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Miguel C Martinez
Owner | License ID: 0225072428