Two-Bedroom Residential Income
For Sale
$299,900
10500 ROCKVILLE PIKE Unit 413, Rockville, MD 20852
A split-bedroom layout, private balcony, and garage space complement this condominium home.
Property Size1,149 SF
Price / SF$261.01
Days on Market8
Property Features for 10500 ROCKVILLE PIKE Unit 413
General Information
Standard status
Active
Size
1,149 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,976
Amenities
outdoor pool
fitness room
laundry facilities
party rooms
private balcony
Building Details
Building Size
1,149 SF
Year Built
1965
Listing Agency:
RE/MAX Town Center
Listed By:
Lisa C. Sabelhaus · License #599423
(240) 388-7113
Source:
Districtpropertygroup
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 27 at 3:34AM
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 RE/MAX Town Center
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Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bathroom condominium at Grosvenor Park II contains 1,149 square feet and was built in 1965. The bedrooms sit on opposite sides of the unit, with walk-in closets and additional storage. A private balcony faces the outdoor pool and landscaped grounds. Garage parking space 91 is on level M. Residents have access to a fitness room, laundry facilities, party rooms, and the outdoor pool. Utilities, high-speed internet, and cable TV are included in the condo fee.
A pedestrian tunnel connects the community to Grosvenor-Strathmore Metro Station. Grosvenor Market is nearby, with the Music Center at Strathmore, shops, and restaurants described as minutes away. Road connections include Rockville Pike (Route 355), I-495, I-270, and the ICC/MD-200.
A pedestrian tunnel connects the community to Grosvenor-Strathmore Metro Station. Grosvenor Market is nearby, with the Music Center at Strathmore, shops, and restaurants described as minutes away. Road connections include Rockville Pike (Route 355), I-495, I-270, and the ICC/MD-200.
Key Highlights
- 2 bedrooms and 2 full bathrooms in 1,149 square feet
- Split‑bedroom floor plan with bedrooms on opposite sides of the unit
- Garage parking space 91 on level M
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,971
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,420
$379.4K
Cap Rate 7%
$271,014
$271.0K
Cap Rate 9%
$210,789
$210.8K
Market Conditions
NOI Build-Up for 1,149 SF
Gross rent
$37.1K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.5K $30.02/SF
− OpEx
−$15.5K −$13.51/SF
NOI
$19.0K $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%
$379,420
Cap Rate 7%
$271,014
Cap Rate 9%
$210,789
Alternative Uses
Best Use
Apartment 5plus
$271.0K
$237.1K – $316.2K
NOI $18,971 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$404.2K
$353.7K – $471.6K
NOI $28,293 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
379
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 split-bedroom layout, private balcony, and garage space complement this condominium home.
Where is this residential income property located?
The property is located at 10500 ROCKVILLE PIKE Unit 413 Rockville, MD.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2 bedrooms and 2 full bathrooms in 1,149 square feet; Split‑bedroom floor plan with bedrooms on opposite sides of the unit; Garage parking space 91 on level M
