One-Bedroom Residential
For Sale
$245,000
10401 GROSVENOR PLACE Unit 511, Rockville, MD 20852
A 1,086-square-foot residence with hardwood floors, a galley kitchen, and access to community recreation and services.
Property Size1,086 SF
Price / SF$225.60
Days on Market59
Property Features for 10401 GROSVENOR PLACE Unit 511
General Information
Standard status
Active
Size
1,086 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,551
Amenities
pool
fitness center
tennis courts
laundry facilities
on-site market
salon
front desk services
Building Details
Building Size
1,086 SF
Year Built
1966
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 1
Changed: Oct 27
Last Checked: Oct 26 at 3:02PM
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 one-bedroom, one-bath condominium at 10401 Grosvenor Place has 1,086 square feet of interior space. Hardwood floors extend through the main living areas, where the living and dining spaces connect. The galley kitchen has cabinetry and work surfaces, and the bedroom includes closet storage. The building dates to 1966.
Community amenities include a pool, fitness center, tennis courts, laundry facilities, an on-site market and salon, front desk services, and gathering and recreation areas. The property is near Grosvenor-Strathmore Metro Station, with Red Line service, and has access to Rockville Pike, I-270, and I-495. Nearby destinations named in the property information include The Music Center at Strathmore, Rock Creek Park, the Bethesda Trolley Trail, and Pike & Rose.
Community amenities include a pool, fitness center, tennis courts, laundry facilities, an on-site market and salon, front desk services, and gathering and recreation areas. The property is near Grosvenor-Strathmore Metro Station, with Red Line service, and has access to Rockville Pike, I-270, and I-495. Nearby destinations named in the property information include The Music Center at Strathmore, Rock Creek Park, the Bethesda Trolley Trail, and Pike & Rose.
Key Highlights
- 1,086‑square‑foot condominium with one bedroom and one full bath
- Hardwood floors in the main living areas and a galley‑style kitchen
- Community pool, fitness center, and tennis courts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,931
Cap Rate
7.32%
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 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$382.0K
$334.3K – $445.7K
NOI $26,742 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
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 - A 1,086-square-foot residence with hardwood floors, a galley kitchen, and access to community recreation and services.
Where is this residential income property located?
The property is located at 10401 GROSVENOR PLACE Unit 511 Rockville, MD.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 1,086‑square‑foot condominium with one bedroom and one full bath; Hardwood floors in the main living areas and a galley‑style kitchen; Community pool, fitness center, and tennis courts
