Three-Bedroom Residential
For Sale
$250,000
12203 BRAXFIELD COURT Unit 18, Rockville, MD 20852
Lower-level home with a renovated kitchen, private patio, and direct yard access.
Property Size1,227 SF
Price / SF$203.75
Days on Market23
Property Features for 12203 BRAXFIELD COURT Unit 18
General Information
Standard status
Active
Size
1,227 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,322
Amenities
community pool
tennis courts
Building Details
Building Size
1,227 SF
Year Built
1970
Listing Agency:
HomeSmart
Listed By:
Bryant B Ferreira · License #597290
(240) 406-0308
Source:
Jackrealtygroup
Added: Oct 7
Changed: Oct 27
Last Checked: Oct 26 at 3:09PM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This lower-level residential condominium offers three bedrooms, one full bathroom, and one half bathroom across 1,227 square feet. Interior features include wood flooring, a spacious living room, and a recently renovated kitchen. Patio space connects directly to the yard, and the building dates to 1970.
Community amenities include a pool and tennis courts. The property is near Pike & Rose, Rock Creek Park trails, Rockville Pike, local schools, bus service, and the Twinbrook / North Bethesda Metro stations. Condo fees cover all utilities.
Community amenities include a pool and tennis courts. The property is near Pike & Rose, Rock Creek Park trails, Rockville Pike, local schools, bus service, and the Twinbrook / North Bethesda Metro stations. Condo fees cover all utilities.
Key Highlights
- Three bedrooms, one full bathroom, and one half bathroom
- 1,227 square feet in a lower‑level condominium
- Recently renovated kitchen and wood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,259
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,180
$405.2K
Cap Rate 7%
$289,414
$289.4K
Cap Rate 9%
$225,100
$225.1K
Market Conditions
NOI Build-Up for 1,227 SF
Gross rent
$39.6K $32.28/SF
− Vacancy
−$2.8K −$2.26/SF
EGI
$36.8K $30.02/SF
− OpEx
−$16.6K −$13.51/SF
NOI
$20.3K $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%
$405,180
Cap Rate 7%
$289,414
Cap Rate 9%
$225,100
Alternative Uses
Best Use
Apartment 5plus
$289.4K
$253.2K – $337.7K
NOI $20,259 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$431.6K
$377.7K – $503.6K
NOI $30,214 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,076
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 - Lower-level home with a renovated kitchen, private patio, and direct yard access.
Where is this residential income property located?
The property is located at 12203 BRAXFIELD COURT Unit 18 Rockville, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three bedrooms, one full bathroom, and one half bathroom; 1,227 square feet in a lower‑level condominium; Recently renovated kitchen and wood floors
