Renovated Two-Bedroom
For Sale
$220,000
170 TALBOTT STREET #205, Rockville, MD 20852
Updated kitchen and private balcony overlook Woodmont Country Club fairways.
Property Size800 SF
Price / SF$275
Days on Market372
Property Features for 170 TALBOTT STREET #205
General Information
Standard status
Active
Size
800 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
private balcony
on-site laundry
extra storage
non-smoking building
Central A/C
Forced Air
Built-In Microwave
Dishwasher
Disposal
Refrigerator
Stove
Deck, Cable TV Available, Phone Available, Sewer Available, Water Available
Building Details
Year Built
1961
Listing Agency:
Keller Williams Realty Centre
Listed By:
Ali Kalarestaghi · License #604974
(443) 579-1482
Source:
Kw
Added: Sep 18, 2025
Changed: Sep 23
Last Checked: Sep 22 at 9:52PM
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 Keller Williams Realty Centre
Investment Insights
Based on property information with market context.
This second-floor residential income property offers approximately 800 square feet with two bedrooms and one bathroom. The interior has been renovated with a redesigned kitchen featuring cabinetry, stainless steel appliances, granite countertops, built-in microwave, dishwasher, disposal, refrigerator, and stove. Central A/C and forced air support year-round comfort, while the unit also includes ample closet space and updated bathroom finishes.
A private balcony overlooks the fairways at Woodmont Country Club, with mature trees contributing to the surrounding park-like setting. The property provides abundant parking, on-site laundry, and additional storage in a non-smoking building. Rockville Pike shops and dining are nearby, Twinbrook Metro is 1.2 miles away, Montgomery College is under 3 miles away, and Reagan National and Dulles airports are 18 miles and 28 miles away, respectively.
A private balcony overlooks the fairways at Woodmont Country Club, with mature trees contributing to the surrounding park-like setting. The property provides abundant parking, on-site laundry, and additional storage in a non-smoking building. Rockville Pike shops and dining are nearby, Twinbrook Metro is 1.2 miles away, Montgomery College is under 3 miles away, and Reagan National and Dulles airports are 18 miles and 28 miles away, respectively.
Key Highlights
- Approximately 800 square feet with 2 bedrooms and 1 bathroom
- Second‑floor condo with private balcony views of Woodmont Country Club fairways
- Renovated kitchen with granite countertops and stainless steel appliances
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
$13,209
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
6.00%
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%
$264,180
$264.2K
Cap Rate 7%
$188,700
$188.7K
Cap Rate 9%
$146,767
$146.8K
Market Conditions
NOI Build-Up for 800 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
$25.8K $32.28/SF
− Vacancy
−$1.8K −$2.26/SF
EGI
$24.0K $30.02/SF
− OpEx
−$10.8K −$13.51/SF
NOI
$13.2K $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%
$264,180
Cap Rate 7%
$188,700
Cap Rate 9%
$146,767
Alternative Uses
Best Use
Apartment 5plus
$188.7K
$165.1K – $220.2K
NOI $13,209 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$281.4K
$246.2K – $328.3K
NOI $19,699 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,559
Businesses Nearby
Explore this area
Business Placement
Demographics for 20852, MD
48,347
Population
23,023
Households
2.1
Avg Household Size
38
Median Age
74%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,969
Density / Sq Mi
$121,496
Median Household Income
$74,519
Median Earnings
$2,212
Median Rent
$646,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen and private balcony overlook Woodmont Country Club fairways.
Where is this residential income property located?
The property is located at 170 TALBOTT STREET #205 Rockville, MD.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Approximately 800 square feet with 2 bedrooms and 1 bathroom; Second‑floor condo with private balcony views of Woodmont Country Club fairways; Renovated kitchen with granite countertops and stainless steel appliances
