Renovated Residential Income
For Sale
$185,000
10201 GROSVENOR PLACE Unit 1504, Rockville, MD 20852
The condominium has a private balcony and direct walkway access to the Grosvenor Metro station on the Red Line.
Property Size796 SF
Price / SF$232.41
Days on Market98
Property Features for 10201 GROSVENOR PLACE Unit 1504
General Information
Standard status
Active
Size
796 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,448
Amenities
walk-in closets
built-ins
private balcony
outdoor swimming pool
tennis courts
jogging path
fitness center
outdoor picnic area
Building Details
Building Size
796 SF
Year Built
1964
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Sintia Petrosian · License #586351
(301) 395-8817
Source:
Districtpropertygroup
Added: Jul 24
Changed: Oct 27
Last Checked: Oct 27 at 4:05AM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bathroom condominium offers 796 square feet, a private balcony, walk-in closets, and built-in storage. Recent updates include new flooring and a renovated kitchen with quartz countertops. The building dates to 1964.
A walkway connects the property directly to the Grosvenor Metro station on the Red Line. Residents have access to an outdoor pool, tennis courts, a jogging path, a fitness center, and an outdoor picnic area. One parking space is available on a first-come, first-served basis. The condominium fee covers utilities and amenities.
A walkway connects the property directly to the Grosvenor Metro station on the Red Line. Residents have access to an outdoor pool, tennis courts, a jogging path, a fitness center, and an outdoor picnic area. One parking space is available on a first-come, first-served basis. The condominium fee covers utilities and amenities.
Key Highlights
- One bedroom and one bathroom across 796 square feet
- Updated kitchen with quartz countertops and new flooring
- Private balcony, walk‑in closets, and built‑in storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,143
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,860
$262.9K
Cap Rate 7%
$187,757
$187.8K
Cap Rate 9%
$146,033
$146.0K
Market Conditions
NOI Build-Up for 796 SF
Gross rent
$25.7K $32.28/SF
− Vacancy
−$1.8K −$2.26/SF
EGI
$23.9K $30.02/SF
− OpEx
−$10.8K −$13.51/SF
NOI
$13.1K $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%
$262,860
Cap Rate 7%
$187,757
Cap Rate 9%
$146,033
Alternative Uses
Best Use
Apartment 5plus
$187.8K
$164.3K – $219.1K
NOI $13,143 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$280.0K
$245.0K – $326.7K
NOI $19,601 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Explore this area
Business Placement
Demographics for 20852, MD
48,347
Population
23,023
Households
2.1
Avg Household Size
38
Median Age
74%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,969
Density / Sq Mi
$121,496
Median Household Income
$74,519
Median Earnings
$2,212
Median Rent
$646,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condominium has a private balcony and direct walkway access to the Grosvenor Metro station on the Red Line.
Where is this residential income property located?
The property is located at 10201 GROSVENOR PLACE Unit 1504 Rockville, MD.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: One bedroom and one bathroom across 796 square feet; Updated kitchen with quartz countertops and new flooring; Private balcony, walk‑in closets, and built‑in storage
