Studio Condo with Covered
For Sale
$179,900
Pending
10401 GROSVENOR PLACE Unit 324, Rockville, MD 20852
The residence includes garage parking and access to a pool, fitness center, and tennis courts.
Property Size472 SF
Days on Market175
Property Features for 10401 GROSVENOR PLACE Unit 324
General Information
Standard status
Pending
Size
472 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x studio
Multifamily Units
1
Additional Details
Asking Price
$179,900
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,819
Amenities
pool
fitness center
tennis courts
walking paths
scenic pond
24-hour front desk
guest parking
on-site market
covered private terrace
Building Details
Building Size
472 SF
Year Built
1966
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Rebecca I Plesset · License #316444
(202) 438-3755
Source:
Jackrealtygroup
Added: May 10
Changed: Oct 27
Last Checked: Oct 26 at 3:54PM
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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Investment Insights
Based on property information with market context.
This 472-square-foot studio condo is in a 1966 building and includes a covered private terrace, garage parking, an updated kitchen and bath, a walk-in closet, and additional storage. The condo fee covers utilities, internet, and cable service. Building amenities include a pool, fitness center, tennis courts, walking paths, a pond, a 24-hour front desk, guest parking, and an on-site market.
Grosvenor Metro’s Red Line station is directly across from the property. The residence is one Metro stop from NIH and two stops from downtown Bethesda, with Washington, DC, approximately 20 minutes away.
Grosvenor Metro’s Red Line station is directly across from the property. The residence is one Metro stop from NIH and two stops from downtown Bethesda, with Washington, DC, approximately 20 minutes away.
Key Highlights
- 472‑square‑foot studio with a covered private terrace
- Garage parking is included
- Updated kitchen and bath, plus a walk‑in closet and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,793
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$155,860
$155.9K
Cap Rate 7%
$111,329
$111.3K
Cap Rate 9%
$86,589
$86.6K
Market Conditions
NOI Build-Up for 472 SF
Gross rent
$15.2K $32.28/SF
− Vacancy
−$1.1K −$2.26/SF
EGI
$14.2K $30.02/SF
− OpEx
−$6.4K −$13.51/SF
NOI
$7.8K $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%
$155,860
Cap Rate 7%
$111,329
Cap Rate 9%
$86,589
Alternative Uses
Best Use
Apartment 5plus
$111.3K
$97.4K – $129.9K
NOI $7,793 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$166.0K
$145.3K – $193.7K
NOI $11,623 @ 7.0% cap · market cap 6.46%
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
382
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 residence includes garage parking and access to a pool, fitness center, and tennis courts.
Where is this residential income property located?
The property is located at 10401 GROSVENOR PLACE Unit 324 Rockville, MD.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 472‑square‑foot studio with a covered private terrace; Garage parking is included; Updated kitchen and bath, plus a walk‑in closet and additional storage
