Residential Income Property with
For Sale
$175,000
14432 PARKVALE ROAD Unit 3, Rockville, MD 20853
The condominium has refreshed paint, clean carpets, and access to a shared pool.
Property Size832 SF
Price / SF$210.34
Days on Market27
Property Features for 14432 PARKVALE ROAD Unit 3
General Information
Standard status
Active
Size
832 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,118
Amenities
community pool
Building Details
Building Size
832 SF
Year Built
1964
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 3
Changed: Oct 27
Last Checked: Oct 26 at 3:59PM
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 condominium features an open floor plan that connects its living areas to a private balcony overlooking a park. Interior updates include fresh paint throughout and clean carpeting. The property was built in 1964, and residents have access to a community pool.
Shopping, schools, dining, and a community center are steps away. Major routes are also accessible for commuters.
Shopping, schools, dining, and a community center are steps away. Major routes are also accessible for commuters.
Key Highlights
- Private balcony with park views
- Community pool available to residents
- Fresh paint throughout and clean carpeting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,737
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,740
$274.7K
Cap Rate 7%
$196,243
$196.2K
Cap Rate 9%
$152,633
$152.6K
Market Conditions
NOI Build-Up for 832 SF
Gross rent
$26.9K $32.28/SF
− Vacancy
−$1.9K −$2.26/SF
EGI
$25.0K $30.02/SF
− OpEx
−$11.2K −$13.51/SF
NOI
$13.7K $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%
$274,740
Cap Rate 7%
$196,243
Cap Rate 9%
$152,633
Alternative Uses
Best Use
Apartment 5plus
$196.2K
$171.7K – $229.0K
NOI $13,737 @ 7.0% cap · market cap 7.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$292.7K
$256.1K – $341.5K
NOI $20,487 @ 7.0% cap · market cap 11.71%
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
269
Businesses Nearby
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Business Placement
Demographics for 20853, MD
30,611
Population
10,028
Households
3.1
Avg Household Size
42
Median Age
51%
College-Educated
89%
High-School Grad
9.0 sq mi
ZIP Area
3,401
Density / Sq Mi
$157,168
Median Household Income
$59,201
Median Earnings
$1,944
Median Rent
$605,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condominium has refreshed paint, clean carpets, and access to a shared pool.
Where is this residential income property located?
The property is located at 14432 PARKVALE ROAD Unit 3 Rockville, MD.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Private balcony with park views; Community pool available to residents; Fresh paint throughout and clean carpeting
