Residential Income Property with
For Sale
$649,900
1141 FORTUNE TERRACE Unit 307, Potomac, MD 20854
One-bedroom residence with a den, upgraded kitchen, private balcony, and secure building entry.
Property Size1,177 SF
Price / SF$552.17
Days on Market19
Property Features for 1141 FORTUNE TERRACE Unit 307
General Information
Standard status
Active
Size
1,177 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$8,621
Building Details
Building Size
1,177 SF
Year Built
2026
Listing Agency:
Samson Properties
(301) 633-8556
Listed By:
Christiana M Koch · License #533340
(301) 633-8556
Source:
Kerishull
Added: Aug 3
Changed: Aug 20
Last Checked: Aug 21 at 11:38AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This 1,177-square-foot residential income property is a one-bedroom Logan model with a den, open living and dining areas, and a private balcony. The kitchen includes KitchenAid appliances, granite countertops, an island, a pantry, a cooktop with vent, and extensive cabinetry. Additional features include luxury plank flooring, recessed lighting, a half bath, a separate laundry room with Whirlpool front-loading washer and dryer, and a primary suite with a walk-in shower and walk-in closet.
The residence includes keyless entry, a Ring doorbell, and upgraded blinds. The secure-entry building offers carpeted hallways, wall sconces, and a community room. Cabin John Village Shopping Center, Park Potomac, and Life Fitness are identified as nearby amenities. The property was built in 2026 and is described as ready for immediate occupancy.
The residence includes keyless entry, a Ring doorbell, and upgraded blinds. The secure-entry building offers carpeted hallways, wall sconces, and a community room. Cabin John Village Shopping Center, Park Potomac, and Life Fitness are identified as nearby amenities. The property was built in 2026 and is described as ready for immediate occupancy.
Key Highlights
- 1,177‑square‑foot one‑bedroom Logan model with den
- Private balcony and open living‑dining layout
- KitchenAid appliances, granite counters, island, pantry, and extensive cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,434
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$388,680
$388.7K
Cap Rate 7%
$277,629
$277.6K
Cap Rate 9%
$215,933
$215.9K
Market Conditions
NOI Build-Up for 1,177 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.0K $32.28/SF
− Vacancy
−$2.7K −$2.26/SF
EGI
$35.3K $30.02/SF
− OpEx
−$15.9K −$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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$388,680
Cap Rate 7%
$277,629
Cap Rate 9%
$215,933
Alternative Uses
Best Use
Apartment 5plus
$277.6K
$242.9K – $323.9K
NOI $19,434 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$414.0K
$362.3K – $483.1K
NOI $28,983 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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 - One-bedroom residence with a den, upgraded kitchen, private balcony, and secure building entry.
Where is this residential income property located?
The property is located at 1141 FORTUNE TERRACE Unit 307 Potomac, MD.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 1,177‑square‑foot one‑bedroom Logan model with den; Private balcony and open living‑dining layout; KitchenAid appliances, granite counters, island, pantry, and extensive cabinetry
