Remodeled Residential Income
New
For Sale
$199,999
17824 BUEHLER ROAD Unit 3-E-5, Olney, MD 20832
The fourth-floor condo includes three bedrooms, one full bath, and a half bath.
Property Size996 SF
Days on Market4
Property Features for 17824 BUEHLER ROAD Unit 3-E-5
General Information
Standard status
Active
Size
996 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/1.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,380
Building Details
Building Size
996 SF
Year Built
1973
Listing Agency:
Realty Advantage of Maryland LLC
Listed By:
Ellen L Lima · License #592384
(240) 426-3971
Source:
Thehulsmangroup
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 2:27AM
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 Realty Advantage of Maryland LLC
Investment Insights
Based on property information with market context.
Built in 1973, this remodeled fourth-floor condo has three bedrooms and one full bath plus a half bath. Interior features include stainless steel appliances, recessed lighting, walk-in closet space, and plank flooring throughout.
Shopping, restaurants, and the County Library are among the nearby destinations. The property also has access to commuter routes and bus service to the Metro.
Shopping, restaurants, and the County Library are among the nearby destinations. The property also has access to commuter routes and bus service to the Metro.
Key Highlights
- Three‑bedroom, fourth‑floor condo with 1 full bath and 1 half bath
- Remodeled interior with plank flooring throughout
- Stainless steel appliances and recessed lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,445
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,900
$328.9K
Cap Rate 7%
$234,929
$234.9K
Cap Rate 9%
$182,722
$182.7K
Market Conditions
NOI Build-Up for 996 SF
Gross rent
$32.2K $32.28/SF
− Vacancy
−$2.3K −$2.26/SF
EGI
$29.9K $30.02/SF
− OpEx
−$13.5K −$13.51/SF
NOI
$16.4K $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%
$328,900
Cap Rate 7%
$234,929
Cap Rate 9%
$182,722
Alternative Uses
Best Use
Apartment 5plus
$234.9K
$205.6K – $274.1K
NOI $16,445 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$350.4K
$306.6K – $408.8K
NOI $24,526 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,805
Businesses Nearby
Explore this area
Business Placement
Demographics for 20832, MD
25,969
Population
8,581
Households
3
Avg Household Size
43
Median Age
64%
College-Educated
96%
High-School Grad
9.6 sq mi
ZIP Area
2,705
Density / Sq Mi
$166,892
Median Household Income
$72,309
Median Earnings
$2,429
Median Rent
$601,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - The fourth-floor condo includes three bedrooms, one full bath, and a half bath.
Where is this residential income property located?
The property is located at 17824 BUEHLER ROAD Unit 3-E-5 Olney, MD.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Three‑bedroom, fourth‑floor condo with 1 full bath and 1 half bath; Remodeled interior with plank flooring throughout; Stainless steel appliances and recessed lighting
