Top-Floor Residential
For Sale
$380,000
11750 OLD GEORGETOWN Unit 2513, Rockville, MD 20852
An open layout, private balcony, and in-unit laundry add practical features to this upper-level home.
Property Size1,336 SF
Price / SF$284.43
Days on Market120
Property Features for 11750 OLD GEORGETOWN Unit 2513
General Information
Standard status
Active
Size
1,336 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,668
Amenities
24-hour fitness center
outdoor pool
hot tub
two-story club room with gas fireplace
billiards
coffee bar
meeting rooms
courtyard grilling areas
on-site management
concierge service
pet-friendly
full-size in-unit washer and dryer
private balcony
Building Details
Building Size
1,336 SF
Year Built
1999
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Jul 2
Changed: Oct 27
Last Checked: Oct 26 at 11:35AM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This top-floor condominium has two bedrooms, two bathrooms, and 1,336 square feet of interior space. The open plan includes 9-foot ceilings, hardwood flooring, and a balcony facing the landscaped garden. The kitchen is fitted with 42-inch cabinets and stainless steel appliances, while a full-size washer and dryer are located inside the unit. Two private garage parking spaces are included. The building dates to 1999.
Community facilities include a 24-hour fitness center, an outdoor pool and hot tub, and a two-story club room with a gas fireplace, billiards, and a coffee bar. Meeting rooms, courtyard grilling areas, concierge service, and on-site management are also available. The community permits pets and is FHA- and VA-approved.
North Bethesda Metro, Pike & Rose, Trader Joe’s, Whole Foods, Giant, and Wegmans are within walking distance. Access to I-270, I-495, Rockville Pike, and the Metro Red Line connects the property with nearby destinations including Bethesda, Washington, DC, NIH, and Walter Reed National Military Medical Center.
Community facilities include a 24-hour fitness center, an outdoor pool and hot tub, and a two-story club room with a gas fireplace, billiards, and a coffee bar. Meeting rooms, courtyard grilling areas, concierge service, and on-site management are also available. The community permits pets and is FHA- and VA-approved.
North Bethesda Metro, Pike & Rose, Trader Joe’s, Whole Foods, Giant, and Wegmans are within walking distance. Access to I-270, I-495, Rockville Pike, and the Metro Red Line connects the property with nearby destinations including Bethesda, Washington, DC, NIH, and Walter Reed National Military Medical Center.
Key Highlights
- Top‑floor condo with 2 bedrooms, 2 bathrooms, and 1,336 square feet
- Two private garage parking spaces
- Open layout with 9‑foot ceilings and a balcony overlooking the garden
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,059
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,180
$441.2K
Cap Rate 7%
$315,129
$315.1K
Cap Rate 9%
$245,100
$245.1K
Market Conditions
NOI Build-Up for 1,336 SF
Gross rent
$43.1K $32.28/SF
− Vacancy
−$3.0K −$2.26/SF
EGI
$40.1K $30.02/SF
− OpEx
−$18.0K −$13.51/SF
NOI
$22.1K $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%
$441,180
Cap Rate 7%
$315,129
Cap Rate 9%
$245,100
Alternative Uses
Best Use
Apartment 5plus
$315.1K
$275.7K – $367.7K
NOI $22,059 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$470.0K
$411.2K – $548.3K
NOI $32,898 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,590
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 - An open layout, private balcony, and in-unit laundry add practical features to this upper-level home.
Where is this residential income property located?
The property is located at 11750 OLD GEORGETOWN Unit 2513 Rockville, MD.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Top‑floor condo with 2 bedrooms, 2 bathrooms, and 1,336 square feet; Two private garage parking spaces; Open layout with 9‑foot ceilings and a balcony overlooking the garden
