Residential Income Unit with
For Sale
$214,000
10320 ROCKVILLE PIKE Unit 201, Rockville, MD 20852
Updated interior finishes and a private balcony overlooking parkland distinguish this residential unit.
Property Size736 SF
Price / SF$290.76
Days on Market91
Property Features for 10320 ROCKVILLE PIKE Unit 201
General Information
Standard status
Active
Size
736 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,356
Amenities
private balcony
reserved parking
cable
internet
tennis courts
picnic areas
playgrounds
access to Grosvenor Market
two pools
washer/dryer
extra storage
Building Details
Building Size
736 SF
Year Built
1964
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Farnaz F Batmanghlich · License #518818
(301) 580-3696
Source:
Jackrealtygroup
Added: Jul 31
Changed: Oct 27
Last Checked: Oct 27 at 4:17AM
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 Long & Foster Real Estate, Inc.
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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 residential unit measures 736 square feet and was built in 1964. Improvements include a renovated kitchen with a new floor and countertop, repainted cabinets with updated knobs and lighting, a new bathroom floor, fresh paint, and refinished floors. A private balcony looks out over a park of more than 20 acres. The unit’s washer and dryer and additional storage are located on the building’s lower level.
The association fee includes electricity, gas, and water and sewer service. Community amenities include reserved parking, cable and internet, tennis courts, picnic areas, playgrounds, access to Grosvenor Market, and two pools. Metro and bus stops are nearby, as are Rock Creek Park and the dining and shopping at Pike & Rose.
The association fee includes electricity, gas, and water and sewer service. Community amenities include reserved parking, cable and internet, tennis courts, picnic areas, playgrounds, access to Grosvenor Market, and two pools. Metro and bus stops are nearby, as are Rock Creek Park and the dining and shopping at Pike & Rose.
Key Highlights
- 736‑square‑foot residential unit with a private balcony overlooking a park of more than 20 acres
- Renovated kitchen with new flooring and countertop; cabinets repainted with new knobs and lighting
- Fresh paint and refinished floors throughout the rest of the unit; bathroom has new flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,152
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,040
$243.0K
Cap Rate 7%
$173,600
$173.6K
Cap Rate 9%
$135,022
$135.0K
Market Conditions
NOI Build-Up for 736 SF
Gross rent
$23.8K $32.28/SF
− Vacancy
−$1.7K −$2.26/SF
EGI
$22.1K $30.02/SF
− OpEx
−$9.9K −$13.51/SF
NOI
$12.2K $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%
$243,040
Cap Rate 7%
$173,600
Cap Rate 9%
$135,022
Alternative Uses
Best Use
Apartment 5plus
$173.6K
$151.9K – $202.5K
NOI $12,152 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$258.9K
$226.6K – $302.1K
NOI $18,124 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
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 - Updated interior finishes and a private balcony overlooking parkland distinguish this residential unit.
Where is this residential income property located?
The property is located at 10320 ROCKVILLE PIKE Unit 201 Rockville, MD.
What is the asking price?
The asking price for this property is $214,000.
What are key features of this property?
This property features: 736‑square‑foot residential unit with a private balcony overlooking a park of more than 20 acres; Renovated kitchen with new flooring and countertop; cabinets repainted with new knobs and lighting; Fresh paint and refinished floors throughout the rest of the unit; bathroom has new flooring
