Two-Bedroom Residential Income
For Sale
$239,000
10201 GROSVENOR PLACE Unit 720, Rockville, MD 20852
Residents have access to an outdoor pool, fitness center, laundry facilities, and 24-hour concierge service.
Property Size1,092 SF
Price / SF$218.86
Days on Market162
Property Features for 10201 GROSVENOR PLACE Unit 720
General Information
Standard status
Active
Size
1,092 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
$2,597
Amenities
outdoor pool
fitness center
24-hour concierge
laundry facilities
picnic areas
walking trails
Building Details
Building Size
1,092 SF
Year Built
1964
Listing Agency:
Compass
Listed By:
District Property Group
(202) 286-1658
Source:
Districtpropertygroup
Added: May 21
Changed: Oct 27
Last Checked: Oct 27 at 3:35AM
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 Compass
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Investment Insights
Based on property information with market context.
This two-bedroom, one-bath residence at Grosvenor Park I measures 1,092 square feet and was built in 1964. Hardwood floors run throughout, with large windows, generous closet and storage space, and views of trees and the community pool. The building’s shared amenities include an outdoor pool, fitness center, laundry facilities, and a 24-hour concierge; the grounds also feature picnic areas, green space, and walking trails.
Grosvenor-Strathmore Metro Station and the Red Line are nearby. Area destinations include Pike & Rose, North Bethesda Market, Rock Creek Park trails, Strathmore Music Center, grocery stores, and restaurants.
Grosvenor-Strathmore Metro Station and the Red Line are nearby. Area destinations include Pike & Rose, North Bethesda Market, Rock Creek Park trails, Strathmore Music Center, grocery stores, and restaurants.
Key Highlights
- Two bedrooms and one bathroom in 1,092 square feet
- Built in 1964
- Hardwood floors, large windows, and generous closet and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,030
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,600
$360.6K
Cap Rate 7%
$257,571
$257.6K
Cap Rate 9%
$200,333
$200.3K
Market Conditions
NOI Build-Up for 1,092 SF
Gross rent
$35.2K $32.28/SF
− Vacancy
−$2.5K −$2.26/SF
EGI
$32.8K $30.02/SF
− OpEx
−$14.8K −$13.51/SF
NOI
$18.0K $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%
$360,600
Cap Rate 7%
$257,571
Cap Rate 9%
$200,333
Alternative Uses
Best Use
Apartment 5plus
$257.6K
$225.4K – $300.5K
NOI $18,030 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$384.1K
$336.1K – $448.2K
NOI $26,890 @ 7.0% cap · market cap 11.25%
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 - Residents have access to an outdoor pool, fitness center, laundry facilities, and 24-hour concierge service.
Where is this residential income property located?
The property is located at 10201 GROSVENOR PLACE Unit 720 Rockville, MD.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two bedrooms and one bathroom in 1,092 square feet; Built in 1964; Hardwood floors, large windows, and generous closet and storage space
