Condominium with Private
For Sale
$198,500
12303 BRAXFIELD COURT Unit 389, Rockville, MD 20852
Updated interior finishes, a private outdoor area, and community recreation amenities shape this Rockville residence.
Property Size1,007 SF
Price / SF$197.12
Days on Market14
Property Features for 12303 BRAXFIELD COURT Unit 389
General Information
Standard status
Active
Size
1,007 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,458
Amenities
swimming pool
tennis courts
playgrounds
picnic areas
private balcony
Building Details
Building Size
1,007 SF
Year Built
1970
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 26 at 3:24PM
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 1,007-square-foot condominium in Rockville was built in 1970 and features new flooring, fresh paint, a modernized kitchen with granite countertops, and a renovated bathroom. Large windows bring natural light into the home, while the private balcony provides outdoor space. The primary bedroom has two large closets, with additional storage available throughout the unit.
The condo fee covers all utilities. Community facilities include a swimming pool, tennis courts, playgrounds, and picnic areas, with maintained grounds. The property is near Twinbrook Metro, Pike & Rose, Rockville Pike, I-270, and I-495.
The condo fee covers all utilities. Community facilities include a swimming pool, tennis courts, playgrounds, and picnic areas, with maintained grounds. The property is near Twinbrook Metro, Pike & Rose, Rockville Pike, I-270, and I-495.
Key Highlights
- 1,007‑square‑foot condominium in Rockville
- Updated kitchen with granite countertops and renovated bathroom
- Private balcony and primary bedroom with two large closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,627
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,540
$332.5K
Cap Rate 7%
$237,529
$237.5K
Cap Rate 9%
$184,744
$184.7K
Market Conditions
NOI Build-Up for 1,007 SF
Gross rent
$32.5K $32.28/SF
− Vacancy
−$2.3K −$2.26/SF
EGI
$30.2K $30.02/SF
− OpEx
−$13.6K −$13.51/SF
NOI
$16.6K $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%
$332,540
Cap Rate 7%
$237,529
Cap Rate 9%
$184,744
Alternative Uses
Best Use
Apartment 5plus
$237.5K
$207.8K – $277.1K
NOI $16,627 @ 7.0% cap · market cap 8.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$354.2K
$310.0K – $413.3K
NOI $24,797 @ 7.0% cap · market cap 12.49%
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
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,549
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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Frequently Asked Questions
What type of property is this?
Residential income property - Updated interior finishes, a private outdoor area, and community recreation amenities shape this Rockville residence.
Where is this residential income property located?
The property is located at 12303 BRAXFIELD COURT Unit 389 Rockville, MD.
What is the asking price?
The asking price for this property is $198,500.
What are key features of this property?
This property features: 1,007‑square‑foot condominium in Rockville; Updated kitchen with granite countertops and renovated bathroom; Private balcony and primary bedroom with two large closets
