Two-Level Residential Income
For Sale
$410,000
119 TIMBERBROOK LANE Unit 303, Gaithersburg, MD 20878
The condominium includes a private balcony, fireplace, and in-unit laundry.
Property Size1,697 SF
Price / SF$241.60
Days on Market13
Property Features for 119 TIMBERBROOK LANE Unit 303
General Information
Standard status
Active
Size
1,697 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,710
Amenities
fireplace
granite countertops
stainless steel appliances
in-unit laundry
private balcony
Building Details
Building Size
1,697 SF
Year Built
1996
Listing Agency:
Keller Williams Realty
Listed By:
Michael Anthony Horgan Jr. · License #5020376
(703) 725-4513
Source:
Signaturemoverealestate
Added: Oct 23
Changed: Nov 2
Last Checked: Nov 3 at 8:46AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This top-floor condominium has a two-level layout with 2 bedrooms and 2.5 bathrooms. Interior features include a fireplace, a kitchen with granite countertops and stainless steel appliances, and in-unit laundry. A private balcony extends the living space outdoors.
The property was built in 1996.
The property was built in 1996.
Key Highlights
- Two‑level condominium with 2 bedrooms and 2.5 bathrooms
- Top‑floor placement with a private balcony
- Kitchen features granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,020
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,400
$560.4K
Cap Rate 7%
$400,286
$400.3K
Cap Rate 9%
$311,333
$311.3K
Market Conditions
NOI Build-Up for 1,697 SF
Gross rent
$54.8K $32.28/SF
− Vacancy
−$3.8K −$2.26/SF
EGI
$50.9K $30.02/SF
− OpEx
−$22.9K −$13.51/SF
NOI
$28.0K $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%
$560,400
Cap Rate 7%
$400,286
Cap Rate 9%
$311,333
Alternative Uses
Best Use
Apartment 5plus
$400.3K
$350.3K – $467.0K
NOI $28,020 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$597.0K
$522.4K – $696.5K
NOI $41,788 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
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Business Placement
Demographics for 20878, MD
65,990
Population
25,297
Households
2.6
Avg Household Size
40
Median Age
70%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
3,235
Density / Sq Mi
$142,062
Median Household Income
$76,026
Median Earnings
$2,188
Median Rent
$675,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condominium includes a private balcony, fireplace, and in-unit laundry.
Where is this residential income property located?
The property is located at 119 TIMBERBROOK LANE Unit 303 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Two‑level condominium with 2 bedrooms and 2.5 bathrooms; Top‑floor placement with a private balcony; Kitchen features granite countertops and stainless steel appliances
