Two-Bedroom Apartment
For Sale
$195,000
18503 BOYSENBERRY DR #121, Gaithersburg, MD 20879
GAITHERSBURG, MD
Property Size817 SF
Price / SF$238.68
Days on Market115
Property Features for 18503 BOYSENBERRY DR #121
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1
Subdivision
BRECKENRIDGE
Elementary school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Middle school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
High school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Standard status
Active
Amenities
pool
in-unit laundry
Building Details
Year built
1988
Listing Agency:
One Bethesda
(240) 497-1700
Listed By:
Andrew J Ascienzo · License #5001752
(301) 602-1146
Added: Jun 14
Changed: Sep 23
Last Checked: Oct 6 at 3:06AM
MLS# MDMC2240080
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-bedroom, one-bathroom apartment offers 817 square feet within the Breckenridge garden-style community. The unit has an open interior arrangement with a kitchen featuring newly finished quartz countertops and freshly painted cabinets. A washer and dryer are included inside the residence, and the layout is designed for comfortable everyday use.
The property was built in 1988 and includes one assigned parking space. Residents also have access to the community pool, providing an on-site recreational amenity. The unit is located at 18503 Boysenberry Dr #121 in Gaithersburg, Maryland, within Montgomery County.
The property was built in 1988 and includes one assigned parking space. Residents also have access to the community pool, providing an on-site recreational amenity. The unit is located at 18503 Boysenberry Dr #121 in Gaithersburg, Maryland, within Montgomery County.
Key Highlights
- 2‑bedroom, 1‑bathroom apartment with 817 SF
- Newly finished quartz countertops and freshly painted kitchen cabinets
- In‑unit washer and dryer included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,490
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,800
$269.8K
Cap Rate 7%
$192,714
$192.7K
Cap Rate 9%
$149,889
$149.9K
Market Conditions
NOI Build-Up for 817 SF
Gross rent
$26.4K $32.28/SF
− Vacancy
−$1.8K −$2.26/SF
EGI
$24.5K $30.02/SF
− OpEx
−$11.0K −$13.51/SF
NOI
$13.5K $16.51/SF
Area
Montgomery County, MD
Vacancy
7.00%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,800
Cap Rate 7%
$192,714
Cap Rate 9%
$149,889
Alternative Uses
Best Use
Apartment 5plus
$192.7K
$168.6K – $224.8K
NOI $13,490 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$287.4K
$251.5K – $335.3K
NOI $20,118 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,476
Businesses Nearby
Explore this area
Business Placement
Demographics for 20879, MD
26,176
Population
9,008
Households
2.9
Avg Household Size
37
Median Age
42%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,044
Density / Sq Mi
$105,109
Median Household Income
$49,269
Median Earnings
$1,895
Median Rent
$433,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Garden-style residence with updated kitchen finishes, in-unit laundry, assigned parking, and access to a community pool.
Where is this residential income property located?
The property is located at 18503 BOYSENBERRY DR #121 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bathroom apartment with 817 SF; Newly finished quartz countertops and freshly painted kitchen cabinets; In‑unit washer and dryer included
