One-Bedroom Residential Income
For Sale
$164,900
12311 BRAXFIELD COURT Unit 8, Rockville, MD 20852
The condo fee includes utilities, while the updated kitchen and bathroom provide refreshed interior finishes.
Property Size794 SF
Price / SF$207.68
Days on Market22
Property Features for 12311 BRAXFIELD COURT Unit 8
General Information
Standard status
Active
Size
794 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,900
Building Details
Building Size
794 SF
Year Built
1970
Listing Agency:
Redfin Corp
Listed By:
Derek S Colen · License #645203
(202) 680-3457
Source:
Jackrealtygroup
Added: Oct 8
Changed: Oct 27
Last Checked: Oct 26 at 3:38PM
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 Redfin Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 794-square-foot residential income property is a one-bedroom, one-bath condominium in Bethesda Park. The kitchen and bathroom have been updated, and the living and dining areas share an open layout. The building dates to 1970.
Utilities are included in the condo fee. The property is in Rockville, near Metro, Pike & Rose, Rockville Pike, shopping, dining, parks, and major commuter routes.
Utilities are included in the condo fee. The property is in Rockville, near Metro, Pike & Rose, Rockville Pike, shopping, dining, parks, and major commuter routes.
Key Highlights
- 794‑square‑foot condominium
- One bedroom and one bathroom
- Kitchen and bathroom have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,110
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,200
$262.2K
Cap Rate 7%
$187,286
$187.3K
Cap Rate 9%
$145,667
$145.7K
Market Conditions
NOI Build-Up for 794 SF
Gross rent
$25.6K $32.28/SF
− Vacancy
−$1.8K −$2.26/SF
EGI
$23.8K $30.02/SF
− OpEx
−$10.7K −$13.51/SF
NOI
$13.1K $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%
$262,200
Cap Rate 7%
$187,286
Cap Rate 9%
$145,667
Alternative Uses
Best Use
Apartment 5plus
$187.3K
$163.9K – $218.5K
NOI $13,110 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$279.3K
$244.4K – $325.9K
NOI $19,552 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
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
Frequently Asked Questions
What type of property is this?
Residential income property - The condo fee includes utilities, while the updated kitchen and bathroom provide refreshed interior finishes.
Where is this residential income property located?
The property is located at 12311 BRAXFIELD COURT Unit 8 Rockville, MD.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: 794‑square‑foot condominium; One bedroom and one bathroom; Kitchen and bathroom have been updated
