Residential Income Unit with
For Sale
$179,900
10201 GROSVENOR PLACE Unit 1412, Rockville, MD 20852
The 14th-floor residence includes a deeded garage space and access to extensive on-site amenities.
Property Size591 SF
Price / SF$304.40
Days on Market175
Property Features for 10201 GROSVENOR PLACE Unit 1412
General Information
Standard status
Active
Size
591 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,144
Amenities
Grosvenor Market
dry clean valet
hair dresser
party rooms
fitness center
community laundry
pool
picnic area
rooftop terrace
tot lot
bike storage
extra storage
24/7 concierge
onsite security
free wifi in common areas
Building Details
Building Size
591 SF
Year Built
1964
Listing Agency:
RE/MAX Town Center
Listed By:
Anita M Centofanti · License #573514
(301) 404-2780
Source:
Jackrealtygroup
Added: May 8
Changed: Oct 27
Last Checked: Oct 26 at 3:55PM
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 RE/MAX Town Center
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Investment Insights
Based on property information with market context.
Located on the 14th floor, this 591-square-foot residence has a balcony, a separate dining area, and a large living room. The galley kitchen includes gas cooking and a service entrance. Storage includes coat and linen closets, along with a walk-in utility closet. A deeded garage space is included, and furnishings may convey at the buyer’s option.
The building offers a fitness center, pool, rooftop terrace, picnic area, party rooms, community laundry, and 24-hour concierge and security. Grosvenor Metro Station, Strathmore Arts Center, Walter Reed Medical Center, and NIH are among the nearby destinations. Cats, birds, and other small caged pets are permitted; dogs are not.
The building offers a fitness center, pool, rooftop terrace, picnic area, party rooms, community laundry, and 24-hour concierge and security. Grosvenor Metro Station, Strathmore Arts Center, Walter Reed Medical Center, and NIH are among the nearby destinations. Cats, birds, and other small caged pets are permitted; dogs are not.
Key Highlights
- 591‑square‑foot residence on the 14th floor
- Balcony and deeded garage space
- Galley kitchen with gas cooking and service entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,758
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,160
$195.2K
Cap Rate 7%
$139,400
$139.4K
Cap Rate 9%
$108,422
$108.4K
Market Conditions
NOI Build-Up for 591 SF
Gross rent
$19.1K $32.28/SF
− Vacancy
−$1.3K −$2.26/SF
EGI
$17.7K $30.02/SF
− OpEx
−$8.0K −$13.51/SF
NOI
$9.8K $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%
$195,160
Cap Rate 7%
$139,400
Cap Rate 9%
$108,422
Alternative Uses
Best Use
Apartment 5plus
$139.4K
$122.0K – $162.6K
NOI $9,758 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$207.9K
$181.9K – $242.6K
NOI $14,553 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
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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 14th-floor residence includes a deeded garage space and access to extensive on-site amenities.
Where is this residential income property located?
The property is located at 10201 GROSVENOR PLACE Unit 1412 Rockville, MD.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 591‑square‑foot residence on the 14th floor; Balcony and deeded garage space; Galley kitchen with gas cooking and service entrance
