Residential Income
For Sale
$295,000
10224 ROCKVILLE PIKE Unit 301, Rockville, MD 20852
The two-bedroom condominium has renovated kitchen and bath areas, hardwood floors, and a private porch.
Property Size911 SF
Price / SF$323.82
Days on Market81
Property Features for 10224 ROCKVILLE PIKE Unit 301
General Information
Standard status
Active
Size
911 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,066
Amenities
park views
pond
playground
pool
on-site grocery
Building Details
Building Size
911 SF
Year Built
1964
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 10
Changed: Oct 27
Last Checked: Oct 26 at 3:23PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-bedroom condominium offers an open floor plan, with hardwood flooring throughout and renovated kitchen and bath areas. An elevated porch extends from the kitchen and dining area, and two assigned parking spaces are located outside the building.
The buildings sit back from Rockville Pike along a private road. Community features include views of a park, pond, playground, and pool, as well as an on-site grocery store. NIH and downtown Bethesda are accessible from the property.
The buildings sit back from Rockville Pike along a private road. Community features include views of a park, pond, playground, and pool, as well as an on-site grocery store. NIH and downtown Bethesda are accessible from the property.
Key Highlights
- Two‑bedroom condominium with an open floor plan
- Renovated kitchen and bath areas; hardwood flooring throughout
- Elevated porch off the kitchen and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,042
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,840
$300.8K
Cap Rate 7%
$214,886
$214.9K
Cap Rate 9%
$167,133
$167.1K
Market Conditions
NOI Build-Up for 911 SF
Gross rent
$29.4K $32.28/SF
− Vacancy
−$2.1K −$2.26/SF
EGI
$27.3K $30.02/SF
− OpEx
−$12.3K −$13.51/SF
NOI
$15.0K $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%
$300,840
Cap Rate 7%
$214,886
Cap Rate 9%
$167,133
Alternative Uses
Best Use
Apartment 5plus
$214.9K
$188.0K – $250.7K
NOI $15,042 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$320.5K
$280.4K – $373.9K
NOI $22,433 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
373
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
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom condominium has renovated kitchen and bath areas, hardwood floors, and a private porch.
Where is this residential income property located?
The property is located at 10224 ROCKVILLE PIKE Unit 301 Rockville, MD.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two‑bedroom condominium with an open floor plan; Renovated kitchen and bath areas; hardwood flooring throughout; Elevated porch off the kitchen and dining area
