Two-Bedroom Residential Income
For Sale
$325,000
18116 ROLLING MEADOW WAY Unit 202, Olney, MD 20832
The unit includes an eat-in kitchen and a family room with a fireplace.
Property Size898 SF
Days on Market10
Property Features for 18116 ROLLING MEADOW WAY Unit 202
General Information
Standard status
Active
Size
898 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,830
Building Details
Building Size
898 SF
Year Built
1987
Listing Agency:
Humanity Realtors, Inc.
Listed By:
Holly T Mueck · License #300042
(301) 613-4357
Source:
Thehulsmangroup
Added: Oct 19
Changed: Oct 27
Last Checked: Oct 28 at 1:28PM
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 Humanity Realtors, Inc.
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Investment Insights
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This residential income condominium has two bedrooms and two full bathrooms, with an eat-in kitchen and a family room centered around a fireplace. The kitchen includes a stove, dishwasher, and refrigerator, and the HVAC system is one year old. The building dates to 1987.
Key Highlights
- Two bedrooms and two full bathrooms
- Eat‑in kitchen with stove, dishwasher, and refrigerator
- Family room with fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,827
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,540
$296.5K
Cap Rate 7%
$211,814
$211.8K
Cap Rate 9%
$164,744
$164.7K
Market Conditions
NOI Build-Up for 898 SF
Gross rent
$29.0K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$27.0K $30.02/SF
− OpEx
−$12.1K −$13.51/SF
NOI
$14.8K $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%
$296,540
Cap Rate 7%
$211,814
Cap Rate 9%
$164,744
Alternative Uses
Best Use
Apartment 5plus
$211.8K
$185.3K – $247.1K
NOI $14,827 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$315.9K
$276.4K – $368.6K
NOI $22,113 @ 7.0% cap · market cap 6.80%
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
1,206
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes an eat-in kitchen and a family room with a fireplace.
Where is this residential income property located?
The property is located at 18116 ROLLING MEADOW WAY Unit 202 Olney, MD.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Eat‑in kitchen with stove, dishwasher, and refrigerator; Family room with fireplace
