Residential Income Property with
For Sale
$270,000
10008 STEDWICK ROAD Unit 303, Montgomery Village, MD 20886
Two-bedroom condominium unit with renovated bathrooms, a fireplace, and flexible den space.
Property Size1,212 SF
Days on Market68
Property Features for 10008 STEDWICK ROAD Unit 303
General Information
Standard status
Active
Size
1,212 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,713
Building Details
Building Size
1,212 SF
Year Built
1974
Listing Agency:
The Agency DC
Listed By:
Javier Andres Guzman · License #675206
(240) 614-0516
Source:
Thehulsmangroup
Added: Jul 31
Changed: Oct 3
Last Checked: Oct 5 at 10:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Agency DC
Investment Insights
Based on property information with market context.
This 1974 condominium residence offers two bedrooms, two full bathrooms, and a den that can serve as office or flex space. Hardwood floors extend through the main living areas, while the kitchen provides substantial cabinet and counter storage plus a breakfast bar. The primary bedroom includes an en-suite bathroom and walk-in closet. A wood-burning fireplace adds a central feature to the living room, and the private balcony expands the usable living area outdoors.
The residence is positioned near shopping, grocery stores, restaurants, cafes, walking trails, and lakes. The property information also identifies a low condo fee and recent updates to both bathrooms, including contemporary finishes.
The residence is positioned near shopping, grocery stores, restaurants, cafes, walking trails, and lakes. The property information also identifies a low condo fee and recent updates to both bathrooms, including contemporary finishes.
Key Highlights
- Two‑bedroom, two‑bathroom condominium with a flexible den
- Updated kitchen with abundant cabinetry, counter space, and breakfast bar
- Renovated bathrooms with modern finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,012
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,240
$400.2K
Cap Rate 7%
$285,886
$285.9K
Cap Rate 9%
$222,356
$222.4K
Market Conditions
NOI Build-Up for 1,212 SF
Gross rent
$39.1K $32.28/SF
− Vacancy
−$2.7K −$2.26/SF
EGI
$36.4K $30.02/SF
− OpEx
−$16.4K −$13.51/SF
NOI
$20.0K $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%
$400,240
Cap Rate 7%
$285,886
Cap Rate 9%
$222,356
Alternative Uses
Best Use
Apartment 5plus
$285.9K
$250.2K – $333.5K
NOI $20,012 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$426.4K
$373.1K – $497.4K
NOI $29,845 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Explore this area
Business Placement
Demographics for 20886, MD
35,649
Population
13,024
Households
2.7
Avg Household Size
36
Median Age
43%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
8,695
Density / Sq Mi
$98,767
Median Household Income
$48,530
Median Earnings
$1,863
Median Rent
$366,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium unit with renovated bathrooms, a fireplace, and flexible den space.
Where is this residential income property located?
The property is located at 10008 STEDWICK ROAD Unit 303 Montgomery Village, MD.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium with a flexible den; Updated kitchen with abundant cabinetry, counter space, and breakfast bar; Renovated bathrooms with modern finishes
