2-Bedroom Residential Income
For Sale
$279,000
10100 RIDGE MANOR TERRACE Unit 5000-L, Damascus, MD 20872
Garden-style residence with two full bathrooms, in-unit laundry, assigned parking, and access to community recreation amenities.
Property Size1,198 SF
Price / SF$232.89
Days on Market59
Property Features for 10100 RIDGE MANOR TERRACE Unit 5000-L
General Information
Standard status
Active
Size
1,198 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,785
Amenities
in-unit washer/dryer
basketball courts
walking paths
Building Details
Building Size
1,198 SF
Year Built
1999
Construction
garden-style
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
Listed By:
Zawadi R Sakapalla-Ukondwa · License #585719
(301) 379-2342
Source:
Thehulsmangroup
Added: Aug 27
Changed: Oct 21
Last Checked: Oct 23 at 12:41PM
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 Berkshire Hathaway HomeServices PenFed Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This garden-style residential income property contains 1,198 square feet with two bedrooms and two full bathrooms. The interior includes an open living and dining arrangement, a kitchen with a refrigerator, dishwasher, and oven/range, plus an in-unit washer and dryer. The primary bedroom has a soaking tub, while the second bathroom features a walk-in shower.
Built in 1999, the home includes one assigned parking space. Community amenities include basketball courts and walking paths. The property is located at 10100 Ridge Manor Terrace, Unit 5000-L, in Damascus, Maryland 20872.
Built in 1999, the home includes one assigned parking space. Community amenities include basketball courts and walking paths. The property is located at 10100 Ridge Manor Terrace, Unit 5000-L, in Damascus, Maryland 20872.
Key Highlights
- 1,198‑square‑foot garden‑style home with 2 bedrooms and 2 full bathrooms
- Kitchen includes a refrigerator, dishwasher, and oven/range
- In‑unit washer and dryer included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,780
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,600
$395.6K
Cap Rate 7%
$282,571
$282.6K
Cap Rate 9%
$219,778
$219.8K
Market Conditions
NOI Build-Up for 1,198 SF
Gross rent
$38.7K $32.28/SF
− Vacancy
−$2.7K −$2.26/SF
EGI
$36.0K $30.02/SF
− OpEx
−$16.2K −$13.51/SF
NOI
$19.8K $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%
$395,600
Cap Rate 7%
$282,571
Cap Rate 9%
$219,778
Alternative Uses
Best Use
Apartment 5plus
$282.6K
$247.3K – $329.7K
NOI $19,780 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$421.4K
$368.8K – $491.7K
NOI $29,500 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 20872, MD
13,349
Population
4,850
Households
2.8
Avg Household Size
39
Median Age
47%
College-Educated
93%
High-School Grad
19.9 sq mi
ZIP Area
671
Density / Sq Mi
$132,804
Median Household Income
$61,547
Median Earnings
$1,675
Median Rent
$478,300
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Garden-style residence with two full bathrooms, in-unit laundry, assigned parking, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 10100 RIDGE MANOR TERRACE Unit 5000-L Damascus, MD.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 1,198‑square‑foot garden‑style home with 2 bedrooms and 2 full bathrooms; Kitchen includes a refrigerator, dishwasher, and oven/range; In‑unit washer and dryer included
