Two-Bedroom Apartment
For Sale
$195,000
18503 BOYSENBERRY DRIVE Unit 128-88, Gaithersburg, MD 20879
Garden-style apartment with updated kitchen finishes, in-unit laundry, assigned parking, and access to a community pool.
Property Size962 SF
Price / SF$238.68
Days on Market604
Property Features for 18503 BOYSENBERRY DRIVE Unit 128-88
General Information
Standard status
Active
Size
962 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,428
Amenities
pool
in-unit laundry
Building Details
Building Size
962 SF
Year Built
1988
Construction
garden-style
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Megan Bonanno · License #670648
(202) 683-7290
Source:
Thehulsmangroup
Added: Feb 24, 2025
Changed: Oct 14
Last Checked: Oct 21 at 4:24AM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 817-square-foot apartment unit in the Breckenridge community includes two bedrooms and one bathroom. The interior features a kitchen with newly finished quartz countertops and freshly painted cabinets, along with an open arrangement that connects the living areas. A washer and dryer are included inside the unit.
The residence is part of a garden-style building constructed in 1988 and includes one assigned parking space. Residents also have access to a community pool. The property is located on Boysenberry Drive in Gaithersburg, Maryland, within the 20879 ZIP code.
The residence is part of a garden-style building constructed in 1988 and includes one assigned parking space. Residents also have access to a community pool. The property is located on Boysenberry Drive in Gaithersburg, Maryland, within the 20879 ZIP code.
Key Highlights
- 817‑square‑foot apartment unit with 2 bedrooms and 1 bathroom
- Kitchen upgraded with newly finished quartz countertops and freshly painted cabinets
- In‑unit washer and dryer included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,490
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,800
$269.8K
Cap Rate 7%
$192,714
$192.7K
Cap Rate 9%
$149,889
$149.9K
Market Conditions
NOI Build-Up for 817 SF
Gross rent
$26.4K $32.28/SF
− Vacancy
−$1.8K −$2.26/SF
EGI
$24.5K $30.02/SF
− OpEx
−$11.0K −$13.51/SF
NOI
$13.5K $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%
$269,800
Cap Rate 7%
$192,714
Cap Rate 9%
$149,889
Alternative Uses
Best Use
Apartment 5plus
$192.7K
$168.6K – $224.8K
NOI $13,490 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$287.4K
$251.5K – $335.3K
NOI $20,118 @ 7.0% cap · market cap 10.32%
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
1,476
Businesses Nearby
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Business Placement
Demographics for 20879, MD
26,176
Population
9,008
Households
2.9
Avg Household Size
37
Median Age
42%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,044
Density / Sq Mi
$105,109
Median Household Income
$49,269
Median Earnings
$1,895
Median Rent
$433,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Garden-style apartment with updated kitchen finishes, in-unit laundry, assigned parking, and access to a community pool.
Where is this residential income property located?
The property is located at 18503 BOYSENBERRY DRIVE Unit 128-88 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 817‑square‑foot apartment unit with 2 bedrooms and 1 bathroom; Kitchen upgraded with newly finished quartz countertops and freshly painted cabinets; In‑unit washer and dryer included
