Two-Bedroom Elevator
New
For Sale
$845,894
Pending
1121 FORTUNE TERRACE Unit 204, Potomac, MD 20854
A single-level residence pairs an open layout with private balcony storage and low-maintenance finishes.
Property Size1,496 SF
Days on Market7
Property Features for 1121 FORTUNE TERRACE Unit 204
General Information
Standard status
Pending
Size
1,496 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,342
Amenities
balcony
storage space
quartz countertops
stainless steel appliances
ceramic tile backsplash
luxury vinyl plank flooring
Building Details
Building Size
1,496 SF
Year Built
2026
Listing Agency:
Monument Sotheby's International Realty
Listed By:
Joseph A Petrone
(240) 274-1219
Source:
Kerishull
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 4 at 5:26PM
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 Monument Sotheby's International Realty
Investment Insights
Based on property information with market context.
Built in 2026, this corner condominium has two bedrooms and two bathrooms on one level, with elevator access. Its open-plan interior includes quartz countertops, stainless steel kitchen appliances, a ceramic tile backsplash, and luxury vinyl plank flooring. A balcony with storage adds usable outdoor space.
The residence is in Park Potomac, within walking distance of restaurants and shopping.
The residence is in Park Potomac, within walking distance of restaurants and shopping.
Key Highlights
- Two bedrooms and two bathrooms in a single‑level layout
- Elevator‑served corner residence built in 2026
- Balcony includes storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,701
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,020
$494.0K
Cap Rate 7%
$352,871
$352.9K
Cap Rate 9%
$274,456
$274.5K
Market Conditions
NOI Build-Up for 1,496 SF
Gross rent
$48.3K $32.28/SF
− Vacancy
−$3.4K −$2.26/SF
EGI
$44.9K $30.02/SF
− OpEx
−$20.2K −$13.51/SF
NOI
$24.7K $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%
$494,020
Cap Rate 7%
$352,871
Cap Rate 9%
$274,456
Alternative Uses
Best Use
Apartment 5plus
$352.9K
$308.8K – $411.7K
NOI $24,701 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$526.3K
$460.5K – $614.0K
NOI $36,838 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
Business Placement
Demographics for 20854, MD
50,698
Population
17,119
Households
3
Avg Household Size
47
Median Age
86%
College-Educated
97%
High-School Grad
33.8 sq mi
ZIP Area
1,500
Density / Sq Mi
$250,001
Median Household Income
$118,028
Median Earnings
$3,180
Median Rent
$1,105,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - A single-level residence pairs an open layout with private balcony storage and low-maintenance finishes.
Where is this residential income property located?
The property is located at 1121 FORTUNE TERRACE Unit 204 Potomac, MD.
What is the asking price?
The asking price for this property is $845,894.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in a single‑level layout; Elevator‑served corner residence built in 2026; Balcony includes storage space
