One-Bedroom Residential
For Sale
$265,000
10401 GROSVENOR PLACE Unit 420, Rockville, MD 20852
The condo includes hardwood flooring, a galley kitchen, and access to shared recreation and services.
Property Size1,086 SF
Price / SF$244.01
Days on Market51
Property Features for 10401 GROSVENOR PLACE Unit 420
General Information
Standard status
Active
Size
1,086 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,540
Amenities
pool
fitness center
tennis courts
laundry facilities
on-site market
salon
front desk services
additional spaces for gatherings and recreation
Building Details
Building Size
1,086 SF
Year Built
1966
Listing Agency:
REAL RE
Listed By:
DMV Living Group
(301) 351-7711
Source:
Dmvliving
Added: Sep 9
Changed: Oct 27
Last Checked: Oct 27 at 4:16AM
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 REAL RE
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Investment Insights
Based on property information with market context.
This 1,086-square-foot, one-bedroom, one-bath condo was built in 1966. Hardwood flooring extends through the main living areas, with the living and dining spaces arranged in a connected layout. The galley kitchen has cabinetry and work surfaces, and the bedroom includes closet storage. A full bathroom is located nearby.
The home is part of the Grosvenor Park community, which offers a pool, fitness center, tennis courts, laundry facilities, an on-site market and salon, front desk services, and shared gathering and recreation spaces. The Grosvenor-Strathmore Metro Station serves the Red Line, and the property has access to Rockville Pike, I-270, and I-495.
The home is part of the Grosvenor Park community, which offers a pool, fitness center, tennis courts, laundry facilities, an on-site market and salon, front desk services, and shared gathering and recreation spaces. The Grosvenor-Strathmore Metro Station serves the Red Line, and the property has access to Rockville Pike, I-270, and I-495.
Key Highlights
- 1,086‑square‑foot condo with one bedroom and one bath
- Built in 1966
- Hardwood flooring in the main living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,931
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,620
$358.6K
Cap Rate 7%
$256,157
$256.2K
Cap Rate 9%
$199,233
$199.2K
Market Conditions
NOI Build-Up for 1,086 SF
Gross rent
$35.1K $32.28/SF
− Vacancy
−$2.5K −$2.26/SF
EGI
$32.6K $30.02/SF
− OpEx
−$14.7K −$13.51/SF
NOI
$17.9K $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%
$358,620
Cap Rate 7%
$256,157
Cap Rate 9%
$199,233
Alternative Uses
Best Use
Apartment 5plus
$256.2K
$224.1K – $298.9K
NOI $17,931 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$382.0K
$334.3K – $445.7K
NOI $26,742 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 - The condo includes hardwood flooring, a galley kitchen, and access to shared recreation and services.
Where is this residential income property located?
The property is located at 10401 GROSVENOR PLACE Unit 420 Rockville, MD.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,086‑square‑foot condo with one bedroom and one bath; Built in 1966; Hardwood flooring in the main living areas
