1-Bedroom Income
For Sale
$174,900
11903 PARKLAWN DRIVE Unit 102, Rockville, MD 20852
A garden-style residence includes a full appliance package and access to a community swimming pool.
Property Size780 SF
Price / SF$224.23
Days on Market129
Property Features for 11903 PARKLAWN DRIVE Unit 102
General Information
Standard status
Active
Size
780 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,914
Amenities
community pool
Building Details
Building Size
780 SF
Year Built
1975
Construction
garden-style
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jun 23
Changed: Oct 27
Last Checked: Oct 26 at 3:18PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 780-square-foot apartment has one bedroom and one bathroom in a garden-style building constructed in 1975. The kitchen is equipped with a gas oven and range, refrigerator, dishwasher, and disposal. Residents also have access to a community pool, with parking available in a designated lot.
The unit is within walking distance of Metro, restaurants, shops, and MOM'S Organic grocery store. A RideOn bus stop is located on Parklawn Drive.
The unit is within walking distance of Metro, restaurants, shops, and MOM'S Organic grocery store. A RideOn bus stop is located on Parklawn Drive.
Key Highlights
- 780‑square‑foot apartment with 1 bedroom and 1 bathroom
- Garden‑style building constructed in 1975
- Kitchen includes a gas oven/range, refrigerator, dishwasher, and disposal
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,879
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,580
$257.6K
Cap Rate 7%
$183,986
$184.0K
Cap Rate 9%
$143,100
$143.1K
Market Conditions
NOI Build-Up for 780 SF
Gross rent
$25.2K $32.28/SF
− Vacancy
−$1.8K −$2.26/SF
EGI
$23.4K $30.02/SF
− OpEx
−$10.5K −$13.51/SF
NOI
$12.9K $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%
$257,580
Cap Rate 7%
$183,986
Cap Rate 9%
$143,100
Alternative Uses
Best Use
Apartment 5plus
$184.0K
$161.0K – $214.7K
NOI $12,879 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$274.4K
$240.1K – $320.1K
NOI $19,207 @ 7.0% cap · market cap 10.98%
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
2,519
Businesses Nearby
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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 - A garden-style residence includes a full appliance package and access to a community swimming pool.
Where is this residential income property located?
The property is located at 11903 PARKLAWN DRIVE Unit 102 Rockville, MD.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: 780‑square‑foot apartment with 1 bedroom and 1 bathroom; Garden‑style building constructed in 1975; Kitchen includes a gas oven/range, refrigerator, dishwasher, and disposal
