Residential Income Property with
For Sale
$225,000
10201 GROSVENOR PLACE Unit 527, Rockville, MD 20852
The 2-bedroom, 1-bath residence offers hardwood floors, oversized bedrooms, and generous storage.
Property Size1,121 SF
Price / SF$200.71
Days on Market286
Property Features for 10201 GROSVENOR PLACE Unit 527
General Information
Standard status
Active
Size
1,121 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,690
Amenities
outdoor pool
fitness center
24-hour concierge
laundry facilities
picnic areas
Building Details
Building Size
1,121 SF
Year Built
1964
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jan 16
Changed: Oct 27
Last Checked: Oct 26 at 3:18PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 1,092-square-foot residence in Grosvenor Park I has two bedrooms and one bathroom. Hardwood floors run throughout, and the oversized bedrooms include generous closet space. Large windows look toward trees and the community pool. The property was built in 1964.
Community amenities include an outdoor pool, fitness center, 24-hour concierge, laundry facilities, picnic areas, green space, and walking trails. Grosvenor-Strathmore Metro Station is nearby, with service on the Red Line. Pike & Rose, North Bethesda Market, Rock Creek Park trails, Strathmore Music Center, grocery stores, and restaurants are also in the surrounding area.
Community amenities include an outdoor pool, fitness center, 24-hour concierge, laundry facilities, picnic areas, green space, and walking trails. Grosvenor-Strathmore Metro Station is nearby, with service on the Red Line. Pike & Rose, North Bethesda Market, Rock Creek Park trails, Strathmore Music Center, grocery stores, and restaurants are also in the surrounding area.
Key Highlights
- 1,092 square feet with 2 bedrooms and 1 bathroom
- Hardwood floors throughout and oversized bedrooms with generous closet space
- Community amenities include an outdoor pool, fitness center, and 24‑hour concierge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,509
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,180
$370.2K
Cap Rate 7%
$264,414
$264.4K
Cap Rate 9%
$205,656
$205.7K
Market Conditions
NOI Build-Up for 1,121 SF
Gross rent
$36.2K $32.28/SF
− Vacancy
−$2.5K −$2.26/SF
EGI
$33.7K $30.02/SF
− OpEx
−$15.1K −$13.51/SF
NOI
$18.5K $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%
$370,180
Cap Rate 7%
$264,414
Cap Rate 9%
$205,656
Alternative Uses
Best Use
Apartment 5plus
$264.4K
$231.4K – $308.5K
NOI $18,509 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$394.3K
$345.1K – $460.1K
NOI $27,604 @ 7.0% cap · market cap 12.27%
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 2-bedroom, 1-bath residence offers hardwood floors, oversized bedrooms, and generous storage.
Where is this residential income property located?
The property is located at 10201 GROSVENOR PLACE Unit 527 Rockville, MD.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,092 square feet with 2 bedrooms and 1 bathroom; Hardwood floors throughout and oversized bedrooms with generous closet space; Community amenities include an outdoor pool, fitness center, and 24‑hour concierge
