Water-View
New
For Sale
$325,000
Pending
18250 WINDSOR HILL DRIVE Unit 313, Olney, MD 20832
An updated two-bedroom residence pairs a private patio with access to a pool, tennis courts, and clubhouse.
Property Size1,137 SF
Days on Market6
Property Features for 18250 WINDSOR HILL DRIVE Unit 313
General Information
Standard status
Pending
Size
1,137 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,721
Amenities
pool
tennis courts
clubhouse
Building Details
Building Size
1,137 SF
Year Built
1987
Listing Agency:
Weichert, REALTORS
Listed By:
McKenzie Godbout · License #674202
(301) 787-4140
Source:
Thehulsmangroup
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 5 at 10:22PM
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 Weichert, REALTORS
Investment Insights
Based on property information with market context.
Built in 1987, this two-bedroom, 2.5-bath condominium has an open main level with a dining area, living room, wood-burning fireplace, and remodeled powder room. The kitchen has stainless steel appliances, repainted cabinets, and luxury vinyl plank flooring. A sliding door opens to a rear patio overlooking water and greenery. Upstairs are two bedrooms, a remodeled primary bath, and an updated hall bath. Other improvements include fresh paint and new light fixtures throughout, carpet replaced in 2024, and a stackable LG washer and dryer installed in 2024.
Residents have access to a community pool, tennis courts, and clubhouse. Shopping, dining, parks, and major commuter routes are nearby.
Residents have access to a community pool, tennis courts, and clubhouse. Shopping, dining, parks, and major commuter routes are nearby.
Key Highlights
- Two bedrooms and 2.5 baths across an open main level and upper floor
- Rear patio with views of water and greenery
- Living room features a wood‑burning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,773
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,460
$375.5K
Cap Rate 7%
$268,186
$268.2K
Cap Rate 9%
$208,589
$208.6K
Market Conditions
NOI Build-Up for 1,137 SF
Gross rent
$36.7K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.1K $30.02/SF
− OpEx
−$15.4K −$13.51/SF
NOI
$18.8K $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%
$375,460
Cap Rate 7%
$268,186
Cap Rate 9%
$208,589
Alternative Uses
Best Use
Apartment 5plus
$268.2K
$234.7K – $312.9K
NOI $18,773 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$400.0K
$350.0K – $466.6K
NOI $27,998 @ 7.0% cap · market cap 8.61%
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
1,753
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 - An updated two-bedroom residence pairs a private patio with access to a pool, tennis courts, and clubhouse.
Where is this residential income property located?
The property is located at 18250 WINDSOR HILL DRIVE Unit 313 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 2.5 baths across an open main level and upper floor; Rear patio with views of water and greenery; Living room features a wood‑burning fireplace
