Residential Income Property with
15307 DIAMOND COVE TERRACE Unit 6-A, Rockville, MD 20850
For Sale
$445,000
Two en suite bedrooms share a two-level layout with a separate office, media area, and private balcony.
Property Size1,700 SF
Price / SF$261.76
Days on Market48
Property Features for 15307 DIAMOND COVE TERRACE Unit 6-A
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
stainless/granite kitchen
breakfast bar
Wi-Fi gas range
built-in air fryer
premium Pella windows
Brazilian cherry hardwood floors
18x6 balcony
custom all-glass tile shower
designer LED lighting
wet bar
wine refrigerator
wine rack
dormer window
built-in shelving
full-size washer and dryer
private storage room
custom window treatments
designer lighting
bronze hardware
moldings
open parking
Building Details
Building Size
Year Built
Stories
Listing Agency:
Centurion Properties
Listed By:
Annette M Wagner · License #74145
(301) 980-8314
Source:
Signaturemoverealestate
Added: Sep 21
Changed: Nov 6
Last Checked: Nov 7 at 10:18AM
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 Centurion Properties
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Investment Insights
Based on property information with market context.
This two-level residential property offers approximately 1,700 square feet with two bedrooms, two full bathrooms, a loft/media room, and a separate office. The main floor includes a two-story living room, dining area, and kitchen with granite counters, stainless appliances, and a breakfast bar. Brazilian cherry hardwood extends across the floors and staircase. A balcony measuring 18 by 6 feet opens from the living area, while a dedicated storage room sits just outside the entrance. Open parking is available for residents and guests.
The upper level features a wet bar, wine refrigerator, wine rack, and an open overlook into the living room. A private study includes built-in shelving, and a separate laundry room has a full-size washer and dryer. Both bedrooms have en suite baths and walk-in closets. The property was built in 1992 and is near Downtown Crown, Rio Lakefront, Shady Grove Metro Station, I-270, and the ICC.
The upper level features a wet bar, wine refrigerator, wine rack, and an open overlook into the living room. A private study includes built-in shelving, and a separate laundry room has a full-size washer and dryer. Both bedrooms have en suite baths and walk-in closets. The property was built in 1992 and is near Downtown Crown, Rio Lakefront, Shady Grove Metro Station, I-270, and the ICC.
Key Highlights
- Approximately 1,700 square feet with two bedrooms and two full bathrooms
- Two‑level floor plan includes a loft/media room and separate office
- Living area opens to an 18‑by‑6‑foot balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,069
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,380
$561.4K
Cap Rate 7%
$400,986
$401.0K
Cap Rate 9%
$311,878
$311.9K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$54.9K $32.28/SF
− Vacancy
−$3.8K −$2.26/SF
EGI
$51.0K $30.02/SF
− OpEx
−$23.0K −$13.51/SF
NOI
$28.1K $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%
$561,380
Cap Rate 7%
$400,986
Cap Rate 9%
$311,878
Alternative Uses
Best Use
Apartment 5plus
$401.0K
$350.9K – $467.8K
NOI $28,069 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$598.0K
$523.3K – $697.7K
NOI $41,861 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,054
Businesses Nearby
Explore this area
Business Placement
Demographics for 20850, MD
51,045
Population
22,468
Households
2.3
Avg Household Size
41
Median Age
67%
College-Educated
94%
High-School Grad
14.1 sq mi
ZIP Area
3,620
Density / Sq Mi
$122,691
Median Household Income
$77,679
Median Earnings
$2,277
Median Rent
$687,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Montgomery County, MD
Properties on Market for Residential income properties in Montgomery County
Frequently Asked Questions
What type of property is this?
Residential income property - Two en suite bedrooms share a two-level layout with a separate office, media area, and private balcony.
Where is this residential income property located?
The property is located at 15307 DIAMOND COVE TERRACE Unit 6-A Rockville, MD.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Approximately 1,700 square feet with two bedrooms and two full bathrooms; Two‑level floor plan includes a loft/media room and separate office; Living area opens to an 18‑by‑6‑foot balcony
