Top-Floor Residential Income
For Sale
$245,000
18322 STREAMSIDE DRIVE Unit 301, Gaithersburg, MD 20879
Condominium features an open layout, private balcony, and appliances and HVAC updated in 2024.
Property Size1,034 SF
Days on Market107
Property Features for 18322 STREAMSIDE DRIVE Unit 301
General Information
Standard status
Active
Size
1,034 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,383
Building Details
Building Size
1,034 SF
Year Built
1986
Listing Agency:
Flores Realty
Listed By:
Jason Robin Flores · License #676121
(240) 888-3225
Source:
Thehulsmangroup
Added: Jun 22
Changed: Oct 3
Last Checked: Oct 5 at 9:57PM
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 Flores Realty
Investment Insights
Based on property information with market context.
This top-floor condominium presents a bright, open interior with spacious living areas, generously sized bedrooms, and a well-appointed kitchen. A private balcony extends the living space, while the residence includes a washer, dryer, HVAC system, dishwasher, and refrigerator updated in 2024. The property was built in 1986.
The home is situated near Flower Hill Shopping Center, dining, parks, major commuter routes, and public transportation. Its combination of elevated placement, everyday interior functionality, and recent equipment updates provides a practical residential income property configuration.
The home is situated near Flower Hill Shopping Center, dining, parks, major commuter routes, and public transportation. Its combination of elevated placement, everyday interior functionality, and recent equipment updates provides a practical residential income property configuration.
Key Highlights
- Top‑floor condominium with bright, open interior layout
- Private balcony adds outdoor living space
- Washer, dryer, HVAC, dishwasher, and refrigerator updated in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,073
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,460
$341.5K
Cap Rate 7%
$243,900
$243.9K
Cap Rate 9%
$189,700
$189.7K
Market Conditions
NOI Build-Up for 1,034 SF
Gross rent
$33.4K $32.28/SF
− Vacancy
−$2.3K −$2.26/SF
EGI
$31.0K $30.02/SF
− OpEx
−$14.0K −$13.51/SF
NOI
$17.1K $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%
$341,460
Cap Rate 7%
$243,900
Cap Rate 9%
$189,700
Alternative Uses
Best Use
Apartment 5plus
$243.9K
$213.4K – $284.6K
NOI $17,073 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$363.7K
$318.3K – $424.4K
NOI $25,462 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 20879, MD
26,176
Population
9,008
Households
2.9
Avg Household Size
37
Median Age
42%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,044
Density / Sq Mi
$105,109
Median Household Income
$49,269
Median Earnings
$1,895
Median Rent
$433,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium features an open layout, private balcony, and appliances and HVAC updated in 2024.
Where is this residential income property located?
The property is located at 18322 STREAMSIDE DRIVE Unit 301 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Top‑floor condominium with bright, open interior layout; Private balcony adds outdoor living space; Washer, dryer, HVAC, dishwasher, and refrigerator updated in 2024
