Two-Bedroom Condo with
For Sale
$370,000
127 TIMBERBROOK LANE Unit 202, Gaithersburg, MD 20878
A gas fireplace and wooded outlook complement the condo’s living and dining areas.
Property Size1,177 SF
Price / SF$314.36
Days on Market175
Property Features for 127 TIMBERBROOK LANE Unit 202
General Information
Standard status
Active
Size
1,177 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,205
Building Details
Building Size
1,177 SF
Year Built
1997
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Chris Ricchini · License #5009604
(301) 651-5912
Source:
Signaturemoverealestate
Added: May 14
Changed: Oct 31
Last Checked: Nov 3 at 8:45AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,177-square-foot condo, built in 1997, has two bedrooms and two bathrooms. A gas fireplace anchors the living room, which opens toward a deck and wooded views. The kitchen and dining area feature upgraded countertops and new LTV flooring, and the interior has been freshly painted.
The property offers access to I-270, I-370, and Shady Grove Metro Station. Dining and shopping destinations include RIO, Muddy Branch Square Center, and Downtown Crown.
The property offers access to I-270, I-370, and Shady Grove Metro Station. Dining and shopping destinations include RIO, Muddy Branch Square Center, and Downtown Crown.
Key Highlights
- Two bedrooms and two bathrooms in 1,177 square feet
- Private deck with wooded views
- Living room with gas fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,434
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,680
$388.7K
Cap Rate 7%
$277,629
$277.6K
Cap Rate 9%
$215,933
$215.9K
Market Conditions
NOI Build-Up for 1,177 SF
Gross rent
$38.0K $32.28/SF
− Vacancy
−$2.7K −$2.26/SF
EGI
$35.3K $30.02/SF
− OpEx
−$15.9K −$13.51/SF
NOI
$19.4K $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%
$388,680
Cap Rate 7%
$277,629
Cap Rate 9%
$215,933
Alternative Uses
Best Use
Apartment 5plus
$277.6K
$242.9K – $323.9K
NOI $19,434 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$414.0K
$362.3K – $483.1K
NOI $28,983 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 20878, MD
65,990
Population
25,297
Households
2.6
Avg Household Size
40
Median Age
70%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
3,235
Density / Sq Mi
$142,062
Median Household Income
$76,026
Median Earnings
$2,188
Median Rent
$675,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A gas fireplace and wooded outlook complement the condo’s living and dining areas.
Where is this residential income property located?
The property is located at 127 TIMBERBROOK LANE Unit 202 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,177 square feet; Private deck with wooded views; Living room with gas fireplace
