Updated Residential Income
For Sale
$515,000
10703 KINGS RIDING WAY N Unit 301-13, Rockville, MD 20852
Two-bedroom condominium with a sunroom, fireplace, renovated kitchen, in-unit laundry, pool, tennis courts, and assigned parking.
Property Size1,432 SF
Price / SF$359.64
Days on Market63
Property Features for 10703 KINGS RIDING WAY N Unit 301-13
General Information
Standard status
Active
Size
1,432 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,405
Amenities
pool
tennis courts
in-unit laundry
Building Details
Building Size
1,432 SF
Year Built
1986
Listing Agency:
Realty of America LLC
Listed By:
Andres A Serafini · License #627230
(240) 418-8899
Source:
Kerishull
Added: Aug 14
Changed: Oct 6
Last Checked: Oct 13 at 1:21AM
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 Realty of America LLC
Investment Insights
Based on property information with market context.
This 1,432-square-foot condominium, built in 1986, includes two bedrooms and two full bathrooms. The interior combines hardwood flooring with living and dining areas, a sunroom featuring built-in shelving and a wood-burning fireplace, and large Pella and Andersen windows. The kitchen has been updated with granite countertops, stainless steel appliances, and an adjoining eat-in area. The primary bedroom includes an en-suite bathroom, while an in-unit laundry room adds practical convenience.
The residence is at 10703 Kings Riding Way N in Rockville, Maryland, near Rockville Pike, I-270, and Grosvenor-Strathmore Metro station. Community amenities include a swimming pool, tennis courts, assigned parking for one vehicle, and visitor parking. The surrounding area provides access to Bethesda Trolley Trail, Strathmore, Pike & Rose, Wildwood Shopping Center, and shopping and dining in Grosvenor and North Bethesda.
The residence is at 10703 Kings Riding Way N in Rockville, Maryland, near Rockville Pike, I-270, and Grosvenor-Strathmore Metro station. Community amenities include a swimming pool, tennis courts, assigned parking for one vehicle, and visitor parking. The surrounding area provides access to Bethesda Trolley Trail, Strathmore, Pike & Rose, Wildwood Shopping Center, and shopping and dining in Grosvenor and North Bethesda.
Key Highlights
- 1,432‑square‑foot condominium with 2 bedrooms and 2 full bathrooms
- Updated kitchen with granite countertops, stainless steel appliances, and eat‑in area
- Sunroom includes custom built‑in shelving and a wood‑burning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,644
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,880
$472.9K
Cap Rate 7%
$337,771
$337.8K
Cap Rate 9%
$262,711
$262.7K
Market Conditions
NOI Build-Up for 1,432 SF
Gross rent
$46.2K $32.28/SF
− Vacancy
−$3.2K −$2.26/SF
EGI
$43.0K $30.02/SF
− OpEx
−$19.3K −$13.51/SF
NOI
$23.6K $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%
$472,880
Cap Rate 7%
$337,771
Cap Rate 9%
$262,711
Alternative Uses
Best Use
Apartment 5plus
$337.8K
$295.6K – $394.1K
NOI $23,644 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$503.7K
$440.8K – $587.7K
NOI $35,262 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
454
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 - Two-bedroom condominium with a sunroom, fireplace, renovated kitchen, in-unit laundry, pool, tennis courts, and assigned parking.
Where is this residential income property located?
The property is located at 10703 KINGS RIDING WAY N Unit 301-13 Rockville, MD.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 1,432‑square‑foot condominium with 2 bedrooms and 2 full bathrooms; Updated kitchen with granite countertops, stainless steel appliances, and eat‑in area; Sunroom includes custom built‑in shelving and a wood‑burning fireplace
