Ground-Level Residential Income
For Sale
$285,000
13401 FOUNTAIN CLUB DR #14T-3, Germantown, MD 20874
Two-bedroom condominium with two full bathrooms, central air conditioning, and a ground-level layout.
Property Size1,161 SF
Price / SF$245.48
Days on Market205
Property Features for 13401 FOUNTAIN CLUB DR #14T-3
General Information
Standard status
Active
Size
1,161 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
Central A/C
Forced Air
Dishwasher
Disposal
Dryer
Exhaust Fan
Oven/Range - Gas
Refrigerator
Washer
Building Details
Building Size
1,161 SF
Year Built
1997
Listing Agency:
Greater Howard County
Listed By:
Walter Fuentes · License #5016085
(301) 821-1548
Source:
Kw
Added: Feb 10
Changed: Sep 2
Last Checked: Sep 3 at 4:17AM
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 Greater Howard County
Investment Insights
Based on property information with market context.
Located at 13401 Fountain Club Dr #14T-3 in Germantown, this ground-level condominium contains approximately 1,161 square feet with two bedrooms and two full bathrooms. The layout is suited to everyday residential use, with separate sleeping and bath areas within a single-level plan.
Interior systems and appliances include central A/C, forced air, a gas oven/range, refrigerator, dishwasher, disposal, washer, dryer, and exhaust fan. Constructed in 1997, the property is identified as a residential income property within the Fountain Hills community.
Interior systems and appliances include central A/C, forced air, a gas oven/range, refrigerator, dishwasher, disposal, washer, dryer, and exhaust fan. Constructed in 1997, the property is identified as a residential income property within the Fountain Hills community.
Key Highlights
- Approximately 1,161 sq. ft. of ground‑level condominium space
- Two bedrooms and two full bathrooms
- Central A/C and forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,170
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$383,400
$383.4K
Cap Rate 7%
$273,857
$273.9K
Cap Rate 9%
$213,000
$213.0K
Market Conditions
NOI Build-Up for 1,161 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.5K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.9K $30.02/SF
− OpEx
−$15.7K −$13.51/SF
NOI
$19.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$383,400
Cap Rate 7%
$273,857
Cap Rate 9%
$213,000
Alternative Uses
Best Use
Apartment 5plus
$273.9K
$239.6K – $319.5K
NOI $19,170 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$408.4K
$357.4K – $476.5K
NOI $28,589 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Explore this area
Business Placement
Demographics for 20874, MD
62,908
Population
23,081
Households
2.7
Avg Household Size
37
Median Age
49%
College-Educated
90%
High-School Grad
22.7 sq mi
ZIP Area
2,771
Density / Sq Mi
$109,648
Median Household Income
$57,436
Median Earnings
$1,938
Median Rent
$385,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with two full bathrooms, central air conditioning, and a ground-level layout.
Where is this residential income property located?
The property is located at 13401 FOUNTAIN CLUB DR #14T-3 Germantown, MD.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Approximately 1,161 sq. ft. of ground‑level condominium space; Two bedrooms and two full bathrooms; Central A/C and forced‑air heating
