Efficiency
For Sale
$170,000
10401 GROSVENOR PLACE Unit 424, Rockville, MD 20852
Community facilities include an outdoor pool, fitness room, party room and beauty salon.
Property Size458 SF
Price / SF$371.18
Days on Market29
Property Features for 10401 GROSVENOR PLACE Unit 424
General Information
Standard status
Active
Size
458 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x efficiency
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,753
Amenities
outdoor pool
fitness room
party room
beauty salon
common grounds with lake
Building Details
Building Size
458 SF
Year Built
1966
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 1
Changed: Oct 26
Last Checked: Oct 26 at 3:40PM
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 458-square-foot efficiency condominium, built in 1966, combines an open living and dining area with a compact kitchen, a walk-in closet and a full bathroom. Parquet flooring and a view across a grassy common area are additional interior features.
The Grosvenor-Strathmore Metro station is a short walk away, with shops and access to I-495 and I-270 nearby. Building amenities include an outdoor pool, fitness room, party room, beauty salon and elevator; the grounds include a lake.
The condo fee covers utilities along with water, sewer, trash, insurance, management, lawn care and snow removal. Pets are not permitted.
The Grosvenor-Strathmore Metro station is a short walk away, with shops and access to I-495 and I-270 nearby. Building amenities include an outdoor pool, fitness room, party room, beauty salon and elevator; the grounds include a lake.
The condo fee covers utilities along with water, sewer, trash, insurance, management, lawn care and snow removal. Pets are not permitted.
Key Highlights
- 458‑square‑foot efficiency condominium
- Built in 1966
- Open living and dining area, kitchen, walk‑in closet and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,562
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$151,240
$151.2K
Cap Rate 7%
$108,029
$108.0K
Cap Rate 9%
$84,022
$84.0K
Market Conditions
NOI Build-Up for 458 SF
Gross rent
$14.8K $32.28/SF
− Vacancy
−$1.0K −$2.26/SF
EGI
$13.7K $30.02/SF
− OpEx
−$6.2K −$13.51/SF
NOI
$7.6K $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%
$151,240
Cap Rate 7%
$108,029
Cap Rate 9%
$84,022
Alternative Uses
Best Use
Apartment 5plus
$108.0K
$94.5K – $126.0K
NOI $7,562 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$161.1K
$141.0K – $188.0K
NOI $11,278 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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 - Community facilities include an outdoor pool, fitness room, party room and beauty salon.
Where is this residential income property located?
The property is located at 10401 GROSVENOR PLACE Unit 424 Rockville, MD.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: 458‑square‑foot efficiency condominium; Built in 1966; Open living and dining area, kitchen, walk‑in closet and full bathroom
