Residential Income Property with
For Sale
$339,000
10401 GROSVENOR PL #501, Rockville, MD 20852
ROCKVILLE, MD
Property Size1,500 SF
Price / SF$226
Days on Market91
Property Features for 10401 GROSVENOR PL #501
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 1
Subdivision
GROSVENOR PARK
Elementary school
ASHBURTON
Middle school
NORTH BETHESDA
High school
WALTER JOHNSON
Elementary school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Middle school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
High school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Standard status
Active
Amenities
pool
tennis courts
fitness center
dry cleaning drop-off
rooftop party room
terrace
grosvenor market
park-like grounds
Building Details
Year built
1966
Listing Agency:
One Bethesda
(240) 497-1700
Listed By:
Farnaz Batmanghlich · License #518818
Added: May 29
Changed: Aug 23
Last Checked: Aug 27 at 8:06PM
MLS# MDMC2237492
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential income property is a three-bedroom, two-full-bath condominium offering nearly 1,500 square feet of living space. The unit has a renovated kitchen with gas cooking, recent updates, an oversized balcony, indoor parking, and substantial closet storage. Constructed in 1966, the property provides a maintained residential setting within a larger building community.
Building amenities include a pool, tennis courts, fitness center, dry cleaning drop-off, rooftop party room, and a large terrace. Grosvenor Market is located in the building, and the monthly bills include cable, internet, electricity, gas, trash, and water.
The property includes access to 20 acres of park-like grounds. The Red Line Metro is nearby and provides service toward DC, Bethesda, NIH, and Pike & Rose. I-495, I-270, Strathmore Performing Arts Center, Rock Creek Park, and the Bethesda Trolley Trail are also readily accessible.
Building amenities include a pool, tennis courts, fitness center, dry cleaning drop-off, rooftop party room, and a large terrace. Grosvenor Market is located in the building, and the monthly bills include cable, internet, electricity, gas, trash, and water.
The property includes access to 20 acres of park-like grounds. The Red Line Metro is nearby and provides service toward DC, Bethesda, NIH, and Pike & Rose. I-495, I-270, Strathmore Performing Arts Center, Rock Creek Park, and the Bethesda Trolley Trail are also readily accessible.
Key Highlights
- Three‑bedroom, two‑full‑bath condominium with nearly 1,500 square feet
- Renovated kitchen with gas cooking and recent updates
- Oversized balcony, indoor parking, and extensive closet storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,767
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$495,340
$495.3K
Cap Rate 7%
$353,814
$353.8K
Cap Rate 9%
$275,189
$275.2K
Market Conditions
NOI Build-Up for 1,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.4K $32.28/SF
− Vacancy
−$3.4K −$2.26/SF
EGI
$45.0K $30.02/SF
− OpEx
−$20.3K −$13.51/SF
NOI
$24.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$495,340
Cap Rate 7%
$353,814
Cap Rate 9%
$275,189
Alternative Uses
Best Use
Apartment 5plus
$353.8K
$309.6K – $412.8K
NOI $24,767 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$527.7K
$461.7K – $615.6K
NOI $36,937 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom condominium with updated interiors, indoor parking, extensive amenities, and access to shared park-like grounds.
Where is this residential income property located?
The property is located at 10401 GROSVENOR PL #501 Rockville, MD.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Three‑bedroom, two‑full‑bath condominium with nearly 1,500 square feet; Renovated kitchen with gas cooking and recent updates; Oversized balcony, indoor parking, and extensive closet storage
