Two-Bedroom Residential Income
For Sale
$445,000
11400 STRAND DRIVE Unit 201, Rockville, MD 20852
The 1,172-square-foot residence includes a private balcony, full-size laundry room, garage space, and storage.
Property Size1,172 SF
Price / SF$379.69
Days on Market76
Property Features for 11400 STRAND DRIVE Unit 201
General Information
Standard status
Active
Size
1,172 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$200
Amenities
outdoor pool
fitness center
tennis courts
pickleball courts
walking trails
community room
Building Details
Building Size
1,172 SF
Year Built
1980
Listing Agency:
Redfin Corp
Listed By:
Mandy Kaur · License #0642190
(571) 278-8008
Source:
Jackrealtygroup
Added: Aug 14
Changed: Oct 27
Last Checked: Oct 26 at 2:35PM
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 Redfin Corp
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Investment Insights
Based on property information with market context.
This 1,172-square-foot, two-bedroom residence was built in 1980 and includes a renovated kitchen with quartz countertops, stainless steel appliances, and updated finishes. The bathroom has also been renovated. A full-size private laundry room, balcony, storage unit, and secured garage parking space are part of the property; guest parking is available off street.
Community facilities include an outdoor pool, fitness center, tennis and pickleball courts, walking trails, and a community room. Whole Foods, Pike & Rose, and the North Bethesda Metro station are a few blocks away. Strathmore Music Center is one Metro stop away.
Community facilities include an outdoor pool, fitness center, tennis and pickleball courts, walking trails, and a community room. Whole Foods, Pike & Rose, and the North Bethesda Metro station are a few blocks away. Strathmore Music Center is one Metro stop away.
Key Highlights
- Two‑bedroom residence with 1,172 square feet
- Renovated kitchen with quartz countertops and stainless steel appliances
- Renovated bathroom and full‑size private laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,351
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,020
$387.0K
Cap Rate 7%
$276,443
$276.4K
Cap Rate 9%
$215,011
$215.0K
Market Conditions
NOI Build-Up for 1,172 SF
Gross rent
$37.8K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$35.2K $30.02/SF
− OpEx
−$15.8K −$13.51/SF
NOI
$19.4K $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%
$387,020
Cap Rate 7%
$276,443
Cap Rate 9%
$215,011
Alternative Uses
Best Use
Apartment 5plus
$276.4K
$241.9K – $322.5K
NOI $19,351 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$412.3K
$360.8K – $481.0K
NOI $28,860 @ 7.0% cap · market cap 6.49%
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
3,625
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
Frequently Asked Questions
What type of property is this?
Residential income property - The 1,172-square-foot residence includes a private balcony, full-size laundry room, garage space, and storage.
Where is this residential income property located?
The property is located at 11400 STRAND DRIVE Unit 201 Rockville, MD.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Two‑bedroom residence with 1,172 square feet; Renovated kitchen with quartz countertops and stainless steel appliances; Renovated bathroom and full‑size private laundry room
