One-Bedroom Condominium with
New
For Sale
$158,500
18502 BOYSENBERRY DRIVE Unit 156-74, Gaithersburg, MD 20879
Community facilities include a pool, tennis courts, a fitness center, playgrounds, and walking trails.
Property Size712 SF
Days on Market7
Property Features for 18502 BOYSENBERRY DRIVE Unit 156-74
General Information
Standard status
Active
Size
712 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,500
Amenities
wood-burning fireplace
private oversized balcony
balcony storage closet
in-unit laundry
outdoor swimming pool
tennis courts
fitness center
playgrounds
scenic walking trails
Building Details
Building Size
712 SF
Year Built
1988
Listing Agency:
Keller Williams Capital Properties
Listed By:
Marc S Luger · License #527338
(240) 876-4446
Source:
Thehulsmangroup
Added: Oct 29
Changed: Nov 3
Last Checked: Nov 3 at 2:33PM
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 Keller Williams Capital Properties
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium has an open living and dining area, a kitchen, and a wood-burning fireplace. The unit was painted in 2026; its refrigerator, dishwasher, and oven were updated in 2025. A full-size washer and dryer were added in 2026. Two balconies provide outdoor space, with the larger one facing wooded views and a separate storage closet.
Community amenities include an outdoor pool, tennis courts, a fitness center, playgrounds, and walking trails. The property is in Gaithersburg, with access to shopping, restaurants, grocery stores, parks, and recreation in the surrounding area. Regional routes nearby include I-270, Route 355, the ICC (Route 200), and the Capital Beltway.
Community amenities include an outdoor pool, tennis courts, a fitness center, playgrounds, and walking trails. The property is in Gaithersburg, with access to shopping, restaurants, grocery stores, parks, and recreation in the surrounding area. Regional routes nearby include I-270, Route 355, the ICC (Route 200), and the Capital Beltway.
Key Highlights
- One bedroom and one bathroom, with an open living and dining area
- Wood‑burning fireplace in the unit
- Fresh paint completed in 2026; refrigerator, dishwasher, and oven updated in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,756
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,120
$235.1K
Cap Rate 7%
$167,943
$167.9K
Cap Rate 9%
$130,622
$130.6K
Market Conditions
NOI Build-Up for 712 SF
Gross rent
$23.0K $32.28/SF
− Vacancy
−$1.6K −$2.26/SF
EGI
$21.4K $30.02/SF
− OpEx
−$9.6K −$13.51/SF
NOI
$11.8K $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%
$235,120
Cap Rate 7%
$167,943
Cap Rate 9%
$130,622
Alternative Uses
Best Use
Apartment 5plus
$167.9K
$147.0K – $195.9K
NOI $11,756 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$250.5K
$219.2K – $292.2K
NOI $17,533 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,476
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
Frequently Asked Questions
What type of property is this?
Residential income property - Community facilities include a pool, tennis courts, a fitness center, playgrounds, and walking trails.
Where is this residential income property located?
The property is located at 18502 BOYSENBERRY DRIVE Unit 156-74 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $158,500.
What are key features of this property?
This property features: One bedroom and one bathroom, with an open living and dining area; Wood‑burning fireplace in the unit; Fresh paint completed in 2026; refrigerator, dishwasher, and oven updated in 2025
