515 APPLE GROVE ROAD, SILVER SPRING, MD 20904

$1,200,000

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… Read More 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! Read Less

Courtesy of Thomas B Maley, Cummings & Co. Realtors 410-823-0033

Listing Snapshot

Days Online

Last Updated

Jul 21, 2026

Property Type

Commercial

Square Ft.

3,222

Lot Size

1.12 Acres

Year Built

1956

MLS Number

MDMC2242844

Additional Details

Building

Built in 1956, Built in 2015 (effective), Construction Materials: Brick

Cooling

Central A/C

Accessibility Features

32"+ wide Doors, Grab Bars Mod, Mobility Improvements

Foundation

Block

Heating

Forced Air

Lot

1.12 acres

Property

Very Good

Roof

Shingle

Sewer

Public Sewer

Taxes

Annual Amount: $8,145, Lot: 11, Year: 2025, Zoning: RE1, Zoning description: ASSISTED LIVING

Utilities

Water Source: Public

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

515 APPLE GROVE ROAD

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send