Renovated Residential Income
For Sale
$218,000
12207 BRAXFIELD COURT Unit 56, Rockville, MD 20852
A private balcony overlooks landscaped grounds and a wooded backdrop.
Property Size840 SF
Price / SF$259.52
Days on Market26
Property Features for 12207 BRAXFIELD COURT Unit 56
General Information
Standard status
Active
Size
840 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,228
Amenities
pool
private balcony
Building Details
Building Size
840 SF
Year Built
1970
Year Renovated
2023
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 4
Changed: Oct 27
Last Checked: Oct 26 at 3:54PM
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 two-bedroom apartment in Bethesda Park has 840 square feet of living area and was renovated in 2023. The open layout connects the kitchen, dining area, and living room. Kitchen features include an island and stainless steel appliances: a built-in microwave, range, dishwasher, and refrigerator. A private balcony faces the lawn, gardens, and wooded area behind the building.
Community amenities include a pool, landscaped grounds, and unassigned parking with permits. The property is in Rockville, near shopping and dining along Rockville Pike and at Pike & Rose. Public transportation is less than a mile away.
Community amenities include a pool, landscaped grounds, and unassigned parking with permits. The property is in Rockville, near shopping and dining along Rockville Pike and at Pike & Rose. Public transportation is less than a mile away.
Key Highlights
- Two‑bedroom apartment with 840 square feet
- Renovated in 2023
- Private balcony with views of lawns, gardens, and woods
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,869
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,380
$277.4K
Cap Rate 7%
$198,129
$198.1K
Cap Rate 9%
$154,100
$154.1K
Market Conditions
NOI Build-Up for 840 SF
Gross rent
$27.1K $32.28/SF
− Vacancy
−$1.9K −$2.26/SF
EGI
$25.2K $30.02/SF
− OpEx
−$11.3K −$13.51/SF
NOI
$13.9K $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%
$277,380
Cap Rate 7%
$198,129
Cap Rate 9%
$154,100
Alternative Uses
Best Use
Apartment 5plus
$198.1K
$173.4K – $231.2K
NOI $13,869 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$295.5K
$258.6K – $344.7K
NOI $20,684 @ 7.0% cap · market cap 9.49%
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
2,076
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 - A private balcony overlooks landscaped grounds and a wooded backdrop.
Where is this residential income property located?
The property is located at 12207 BRAXFIELD COURT Unit 56 Rockville, MD.
What is the asking price?
The asking price for this property is $218,000.
What are key features of this property?
This property features: Two‑bedroom apartment with 840 square feet; Renovated in 2023; Private balcony with views of lawns, gardens, and woods
