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575 MADISON AVENUE, NEW YORK, NY 10022. 212.891.7000 © 2026 DOUGLAS ELLIMAN REAL ESTATE. EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. LISTING DATA REFRESHED ON JUN 29 2026 AT 3:21 PM.

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515 APPLE GROVE Rd

silver spring, MD 20904

$1,200,000

    Interested? Let's Connect

    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!

    Details

    1.12 Private Acres Lot Size

    commercial

    $679 Monthly Tax

    Built in 1956

    MLS/Listing ID MDMC2242844

    8 Units

    Amenities & Features

    Heating - Natural Gas

    Block

    Cooling - Central Air

    Construction - Brick

    Public Water

    Public Sewer

    Shingle

    Estimate my mortgage

    TOTAL MONTHLY COST

    $0

    • PRINCIPAL & INTEREST

      $0

    • PROPERTY TAXES

      $0

    • Common Charges

      $0

    HOME PRICE
    DOWN PAYMENT
    TERM
    INTEREST

    Interested In 515 APPLE GROVE Rd?

    The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the BrightMLS. Real estate listings held by brokerage firms other than Douglas Elliman of VA are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

    All information deemed reliable but not guaranteed. Last date updated: 06/29/2026.
    Source: Bright Multiple Listing Service, Inc.

    © 2026 Bright Multiple Listing Service, Inc. All rights reserved.