Two-Bedroom
11801 ROCKVILLE PIKE Unit 213, Rockville, MD 20852
For Sale
$279,900
Building facilities include a 24-hour concierge, pool, fitness center, tennis courts, playground, and party room.
Property Size1,144 SF
Price / SF$244.67
Days on Market41
Property Features for 11801 ROCKVILLE PIKE Unit 213
General Information
Standard status
Size
Property subtype
Site & Location
Road Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
concierge
swimming pool
fitness center
tennis courts
playground
party room
Building Details
Building Size
Year Built
Listing Agency:
Samson Properties
Listed By:
Robert J Chew · License #575539
(410) 995-9600
Source:
Signaturemoverealestate
Added: Sep 29
Changed: Nov 7
Last Checked: Nov 8 at 10:11AM
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
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Investment Insights
Based on property information with market context.
This 1,144-square-foot condominium has two bedrooms and two full bathrooms. The kitchen was renovated in 2020, followed by new flooring and windows in 2021; the primary bathroom was updated in 2022. Assigned parking is included, and the condo fee covers gas, electricity, and water.
Building amenities include a 24-hour front desk concierge, swimming pool, fitness center, tennis courts, playground, and party room. The property is on Rockville Pike, with access to Metro, Pike & Rose, shopping, dining, entertainment, and major commuter routes.
Building amenities include a 24-hour front desk concierge, swimming pool, fitness center, tennis courts, playground, and party room. The property is on Rockville Pike, with access to Metro, Pike & Rose, shopping, dining, entertainment, and major commuter routes.
Key Highlights
- Two bedrooms and two full bathrooms in 1,144 square feet
- Kitchen renovation completed in 2020
- New windows and flooring added in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,889
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,780
$377.8K
Cap Rate 7%
$269,843
$269.8K
Cap Rate 9%
$209,878
$209.9K
Market Conditions
NOI Build-Up for 1,144 SF
Gross rent
$36.9K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.3K $30.02/SF
− OpEx
−$15.5K −$13.51/SF
NOI
$18.9K $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%
$377,780
Cap Rate 7%
$269,843
Cap Rate 9%
$209,878
Alternative Uses
Best Use
Apartment 5plus
$269.8K
$236.1K – $314.8K
NOI $18,889 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$402.4K
$352.1K – $469.5K
NOI $28,170 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,678
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
$646,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Montgomery County, MD
Properties on Market for Residential income properties in Montgomery County
Frequently Asked Questions
What type of property is this?
Residential income property - Building facilities include a 24-hour concierge, pool, fitness center, tennis courts, playground, and party room.
Where is this residential income property located?
The property is located at 11801 ROCKVILLE PIKE Unit 213 Rockville, MD.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in 1,144 square feet; Kitchen renovation completed in 2020; New windows and flooring added in 2021
