Top-Floor
New
For Sale
$250,000
18501 SWEET AUTUMN DRIVE Unit 302, Gaithersburg, MD 20879
A private balcony and in-unit laundry add practical features to the residence.
Property Size980 SF
Days on Market6
Property Features for 18501 SWEET AUTUMN DRIVE Unit 302
General Information
Standard status
Active
Size
980 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,627
Amenities
private balcony
central heating and air conditioning
full-size washer and dryer
assigned parking
visitor parking
Building Details
Building Size
980 SF
Year Built
1990
Listing Agency:
RLAH @properties
Listed By:
Jack W Wang · License #640686
(240) 731-9919
Source:
Thehulsmangroup
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 27 at 3:52AM
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 RLAH @properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This top-level condominium at 18501 Sweet Autumn Drive, Unit 302, has two bedrooms and two bathrooms. Recent interior work includes new luxury vinyl plank flooring and fresh paint. Central heating and air conditioning serve the unit, which also has a full-size washer and dryer and a private balcony.
The property was built in 1990. Parking includes an assigned space as well as visitor parking.
The property was built in 1990. Parking includes an assigned space as well as visitor parking.
Key Highlights
- Two bedrooms and two bathrooms
- Top‑floor unit with a private balcony
- New luxury vinyl plank flooring and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,181
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,620
$323.6K
Cap Rate 7%
$231,157
$231.2K
Cap Rate 9%
$179,789
$179.8K
Market Conditions
NOI Build-Up for 980 SF
Gross rent
$31.6K $32.28/SF
− Vacancy
−$2.2K −$2.26/SF
EGI
$29.4K $30.02/SF
− OpEx
−$13.2K −$13.51/SF
NOI
$16.2K $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 Rate 5%
$323,620
Cap Rate 7%
$231,157
Cap Rate 9%
$179,789
Alternative Uses
Best Use
Apartment 5plus
$231.2K
$202.3K – $269.7K
NOI $16,181 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$344.7K
$301.7K – $402.2K
NOI $24,132 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
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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 - A private balcony and in-unit laundry add practical features to the residence.
Where is this residential income property located?
The property is located at 18501 SWEET AUTUMN DRIVE Unit 302 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; Top‑floor unit with a private balcony; New luxury vinyl plank flooring and fresh paint
