Residential Income Property with
For Sale
$475,000
11405 COMMONWEALTH DR Unit 204, Rockville, MD 20852
Updated condominium with three bedrooms, two full bathrooms, and access to community recreation amenities.
Property Size1,422 SF
Price / SF$334.04
Days on Market64
Property Features for 11405 COMMONWEALTH DR Unit 204
General Information
Standard status
Active
Size
1,422 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,493
Building Details
Building Size
1,422 SF
Year Built
1985
Listing Agency:
Redfin Corp
Listed By:
Eddie DeLuca · License #90798
(240) 938-2121
Source:
Kerishull
Added: Aug 19
Changed: Oct 21
Last Checked: Oct 21 at 3:08AM
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 1,422-square-foot condominium was built in 1985 and offers three bedrooms, two full bathrooms, a separate dining area, and a private balcony. The kitchen and bathrooms have been updated, and the appliances were recently replaced. Large windows bring natural light into the interior.
The property is located at 11405 Commonwealth Dr, Unit 204, in Rockville, Maryland, within the North Bethesda area. Community amenities include a pool, tennis courts, and playground. Shopping, restaurants, Metro, parks, and major commuter routes are nearby.
The property is located at 11405 Commonwealth Dr, Unit 204, in Rockville, Maryland, within the North Bethesda area. Community amenities include a pool, tennis courts, and playground. Shopping, restaurants, Metro, parks, and major commuter routes are nearby.
Key Highlights
- 1,422‑square‑foot condominium at 11405 Commonwealth Dr, Unit 204
- Three bedrooms and two full bathrooms
- Updated kitchen and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,479
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,580
$469.6K
Cap Rate 7%
$335,414
$335.4K
Cap Rate 9%
$260,878
$260.9K
Market Conditions
NOI Build-Up for 1,422 SF
Gross rent
$45.9K $32.28/SF
− Vacancy
−$3.2K −$2.26/SF
EGI
$42.7K $30.02/SF
− OpEx
−$19.2K −$13.51/SF
NOI
$23.5K $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%
$469,580
Cap Rate 7%
$335,414
Cap Rate 9%
$260,878
Alternative Uses
Best Use
Apartment 5plus
$335.4K
$293.5K – $391.3K
NOI $23,479 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$500.2K
$437.7K – $583.6K
NOI $35,016 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
4,189
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium with three bedrooms, two full bathrooms, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 11405 COMMONWEALTH DR Unit 204 Rockville, MD.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,422‑square‑foot condominium at 11405 Commonwealth Dr, Unit 204; Three bedrooms and two full bathrooms; Updated kitchen and bathrooms
