Renovated Studio Residential Income
For Sale
$174,900
10401 GROSVENOR PLACE Unit 1105, Rockville, MD 20852
Updated kitchen finishes, building services, and shared recreation amenities support a range of residential use options.
Property Size560 SF
Price / SF$312.32
Days on Market50
Property Features for 10401 GROSVENOR PLACE Unit 1105
General Information
Standard status
Active
Size
560 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,049
Amenities
Skyview Party Room
laundry facilities
Fitness Center
valet/dry-cleaning services
Garden Party Room
Library
Game Room
24-hour concierge
outdoor pool
tennis courts
party and meeting rooms
walking paths
landscaped grounds
Grosvenor Market
Building Details
Building Size
560 SF
Year Built
1966
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 10
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 560-square-foot studio in Grosvenor Park has an efficient floor plan, large windows, and open views. The kitchen features updated cabinetry, granite countertops, stainless steel appliances, and a new sink; updated lighting, flooring, and finishes complete the interior. The building dates to 1966.
The property is directly across from the Grosvenor-Strathmore Metro Station. Community amenities include a 24-hour concierge, outdoor pool, tennis courts, fitness center, library, laundry facilities, party and meeting rooms, walking paths, landscaped grounds, and an on-site grocery store. A garage-level game room and an 18th-floor gathering room are also available. Utilities are included in the condo fee.
The property is directly across from the Grosvenor-Strathmore Metro Station. Community amenities include a 24-hour concierge, outdoor pool, tennis courts, fitness center, library, laundry facilities, party and meeting rooms, walking paths, landscaped grounds, and an on-site grocery store. A garage-level game room and an 18th-floor gathering room are also available. Utilities are included in the condo fee.
Key Highlights
- 560‑square‑foot studio with an efficient floor plan and large windows
- Updated kitchen includes granite countertops and stainless steel appliances
- Directly across from the Grosvenor‑Strathmore Metro Station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,246
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,920
$184.9K
Cap Rate 7%
$132,086
$132.1K
Cap Rate 9%
$102,733
$102.7K
Market Conditions
NOI Build-Up for 560 SF
Gross rent
$18.1K $32.28/SF
− Vacancy
−$1.3K −$2.26/SF
EGI
$16.8K $30.02/SF
− OpEx
−$7.6K −$13.51/SF
NOI
$9.2K $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%
$184,920
Cap Rate 7%
$132,086
Cap Rate 9%
$102,733
Alternative Uses
Best Use
Apartment 5plus
$132.1K
$115.6K – $154.1K
NOI $9,246 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$197.0K
$172.4K – $229.8K
NOI $13,790 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
382
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen finishes, building services, and shared recreation amenities support a range of residential use options.
Where is this residential income property located?
The property is located at 10401 GROSVENOR PLACE Unit 1105 Rockville, MD.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: 560‑square‑foot studio with an efficient floor plan and large windows; Updated kitchen includes granite countertops and stainless steel appliances; Directly across from the Grosvenor‑Strathmore Metro Station
