Residential Income Property with
For Sale
$210,000
114 MONROE STREET Unit 114-10, Rockville, MD 20850
Updated garden-style residence with two bedrooms, two baths, and a private outdoor area in downtown Rockville.
Property Size1,154 SF
Price / SF$181.98
Days on Market42
Property Features for 114 MONROE STREET Unit 114-10
General Information
Standard status
Active
Size
1,154 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,192
Amenities
private patio
Building Details
Building Size
1,154 SF
Year Built
1971
Construction
garden condo
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Elaine S. Koch · License #100500
(301) 641-5865
Source:
Jackrealtygroup
Added: Sep 18
Changed: Oct 27
Last Checked: Oct 26 at 2:19PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 1,154-square-foot garden condo in the Americana Centre community has two bedrooms and two baths. Interior features include luxury vinyl plank flooring, fresh paint, and granite countertops. The primary bedroom has an en-suite bath and walk-in closet; the second bedroom provides additional storage. A private patio extends the living space outdoors.
The property is in downtown Rockville, with dining, shopping, entertainment, the library, and farmers market within walking distance. Rockville Metro Station and the MARC train are also a short walk away, with major commuter routes nearby. Built in 1971.
The property is in downtown Rockville, with dining, shopping, entertainment, the library, and farmers market within walking distance. Rockville Metro Station and the MARC train are also a short walk away, with major commuter routes nearby. Built in 1971.
Key Highlights
- 1,154‑square‑foot, two‑bedroom, two‑bath garden condo
- Private patio
- Luxury vinyl plank flooring, fresh paint, and updated granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,054
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,080
$381.1K
Cap Rate 7%
$272,200
$272.2K
Cap Rate 9%
$211,711
$211.7K
Market Conditions
NOI Build-Up for 1,154 SF
Gross rent
$37.3K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.6K $30.02/SF
− OpEx
−$15.6K −$13.51/SF
NOI
$19.1K $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%
$381,080
Cap Rate 7%
$272,200
Cap Rate 9%
$211,711
Alternative Uses
Best Use
Apartment 5plus
$272.2K
$238.2K – $317.6K
NOI $19,054 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$406.0K
$355.2K – $473.6K
NOI $28,417 @ 7.0% cap · market cap 13.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,290
Businesses Nearby
Explore this area
Business Placement
Demographics for 20850, MD
51,045
Population
22,468
Households
2.3
Avg Household Size
41
Median Age
67%
College-Educated
94%
High-School Grad
14.1 sq mi
ZIP Area
3,620
Density / Sq Mi
$122,691
Median Household Income
$77,679
Median Earnings
$2,277
Median Rent
$687,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Updated garden-style residence with two bedrooms, two baths, and a private outdoor area in downtown Rockville.
Where is this residential income property located?
The property is located at 114 MONROE STREET Unit 114-10 Rockville, MD.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,154‑square‑foot, two‑bedroom, two‑bath garden condo; Private patio; Luxury vinyl plank flooring, fresh paint, and updated granite countertops
