Two-Bedroom Condominium with
For Sale
$225,000
12307 BRAXFIELD COURT Unit 423, Rockville, MD 20852
Upper-level home with private outdoor space, an exterior storage closet, and access to shared recreation amenities.
Property Size1,036 SF
Price / SF$217.18
Days on Market28
Property Features for 12307 BRAXFIELD COURT Unit 423
General Information
Standard status
Active
Size
1,036 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,458
Amenities
swimming pool
green spaces
ample parking
Building Details
Building Size
1,036 SF
Year Built
1970
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 2
Changed: Oct 27
Last Checked: Oct 26 at 2:26PM
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 Bethesda Park has two bedrooms, one bathroom, and an open living and dining area. Sliding glass doors connect the main living space to a private balcony, and a separate outdoor closet provides additional storage. The residence is on the building’s upper level and was built in 1970.
Community features include a swimming pool, landscaped open areas, and ample parking. Twinbrook and White Flint Metro stations, Rockville Pike, Pike & Rose, and downtown Bethesda are identified nearby, along with shopping, dining, entertainment, and major commuter routes.
Community features include a swimming pool, landscaped open areas, and ample parking. Twinbrook and White Flint Metro stations, Rockville Pike, Pike & Rose, and downtown Bethesda are identified nearby, along with shopping, dining, entertainment, and major commuter routes.
Key Highlights
- Two‑bedroom, one‑bath condominium measuring 1,007 square feet
- Upper‑level unit with private balcony and separate outdoor storage closet
- Community swimming pool, green spaces, and ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,106
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,120
$342.1K
Cap Rate 7%
$244,371
$244.4K
Cap Rate 9%
$190,067
$190.1K
Market Conditions
NOI Build-Up for 1,036 SF
Gross rent
$33.4K $32.28/SF
− Vacancy
−$2.3K −$2.26/SF
EGI
$31.1K $30.02/SF
− OpEx
−$14.0K −$13.51/SF
NOI
$17.1K $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%
$342,120
Cap Rate 7%
$244,371
Cap Rate 9%
$190,067
Alternative Uses
Best Use
Apartment 5plus
$244.4K
$213.8K – $285.1K
NOI $17,106 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$364.4K
$318.9K – $425.2K
NOI $25,511 @ 7.0% cap · market cap 11.34%
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
1,185
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 - Upper-level home with private outdoor space, an exterior storage closet, and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 12307 BRAXFIELD COURT Unit 423 Rockville, MD.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condominium measuring 1,007 square feet; Upper‑level unit with private balcony and separate outdoor storage closet; Community swimming pool, green spaces, and ample parking
