Studio Residential Income
For Sale
$179,000
10500 ROCKVILLE PIKE Unit 619, Rockville, MD 20852
A sixth-floor studio pairs a private balcony and updated bath with separately deeded indoor garage parking.
Property Size505 SF
Price / SF$354.46
Days on Market14
Property Features for 10500 ROCKVILLE PIKE Unit 619
General Information
Standard status
Active
Size
505 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$1,881
Amenities
hardwood floors
gas cooktop
wall oven
refrigerator
dishwasher
updated full bath
private balcony
utilities included
cable
internet
water
snow removal
outdoor pool
rooftop patio
lobby
24-hour staffed front desk
professionally managed building
Building Details
Building Size
505 SF
Year Built
1965
Buildings
1
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 26 at 3:48PM
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 505-square-foot studio residence occupies the sixth floor of a building constructed in 1965. Hardwood floors and fresh paint run throughout, with a kitchen equipped with a four-burner gas cooktop, wall oven, refrigerator and dishwasher. The updated full bathroom has a newer vanity and a tub-shower combination with tile surround. Closet storage and a private balcony overlooking treetops round out the unit. A separately deeded indoor garage parking space is included.
The building is adjacent to Metro and offers access to an outdoor pool and rooftop patio. The condo fee covers utilities, cable, internet, water and snow removal. Building amenities and services include a welcoming lobby, a staffed front desk operating 24 hours a day, and professional management. The residence is in the Walter Johnson High School cluster.
The building is adjacent to Metro and offers access to an outdoor pool and rooftop patio. The condo fee covers utilities, cable, internet, water and snow removal. Building amenities and services include a welcoming lobby, a staffed front desk operating 24 hours a day, and professional management. The residence is in the Walter Johnson High School cluster.
Key Highlights
- 505‑square‑foot studio on the sixth floor
- Private balcony with treetop views
- Separately deeded indoor garage parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,338
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,760
$166.8K
Cap Rate 7%
$119,114
$119.1K
Cap Rate 9%
$92,644
$92.6K
Market Conditions
NOI Build-Up for 505 SF
Gross rent
$16.3K $32.28/SF
− Vacancy
−$1.1K −$2.26/SF
EGI
$15.2K $30.02/SF
− OpEx
−$6.8K −$13.51/SF
NOI
$8.3K $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%
$166,760
Cap Rate 7%
$119,114
Cap Rate 9%
$92,644
Alternative Uses
Best Use
Apartment 5plus
$119.1K
$104.2K – $139.0K
NOI $8,338 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$177.6K
$155.4K – $207.3K
NOI $12,435 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
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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 sixth-floor studio pairs a private balcony and updated bath with separately deeded indoor garage parking.
Where is this residential income property located?
The property is located at 10500 ROCKVILLE PIKE Unit 619 Rockville, MD.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: 505‑square‑foot studio on the sixth floor; Private balcony with treetop views; Separately deeded indoor garage parking space
