Residential Income Property with
New
For Sale
$200,000
18503 BOYSENBERRY DRIVE Unit 127, Gaithersburg, MD 20879
The second-floor unit has two bedrooms, an updated kitchen, and designated parking.
Property Size817 SF
Days on Market6
Property Features for 18503 BOYSENBERRY DRIVE Unit 127
General Information
Standard status
Active
Size
817 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,481
Amenities
swimming pool
tennis court
fitness center
picnic area
playground
private balcony
gas fireplace
Building Details
Building Size
817 SF
Year Built
1988
Listing Agency:
Northrop Realty
Listed By:
Nicole Schreibstein Abbott · License #37311
(240) 750-8467
Source:
Thehulsmangroup
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 4 at 5:01PM
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 Northrop Realty
Investment Insights
Based on property information with market context.
This second-floor condominium has two bedrooms and one full bathroom, with an open living area, a gas fireplace, and a private balcony. Recent interior work includes fresh paint, vinyl plank flooring, and a remodeled kitchen with stainless steel appliances, bright cabinetry, and a breakfast bar. French doors connect to one bedroom, and the bathroom has a tub and shower combination.
Community amenities include a swimming pool, tennis court, fitness center, picnic area, and playground. The property is in Gaithersburg, with access to I-270, ICC-200, I-370, Metrobus, and Gaithersburg MARC. Nearby destinations include the library, Montgomery Village lakes, and RIO/Washingtonian Center.
Community amenities include a swimming pool, tennis court, fitness center, picnic area, and playground. The property is in Gaithersburg, with access to I-270, ICC-200, I-370, Metrobus, and Gaithersburg MARC. Nearby destinations include the library, Montgomery Village lakes, and RIO/Washingtonian Center.
Key Highlights
- Two‑bedroom, one‑bathroom second‑floor condominium
- Private balcony and gas fireplace
- Remodeled kitchen with stainless steel appliances and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,490
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,800
$269.8K
Cap Rate 7%
$192,714
$192.7K
Cap Rate 9%
$149,889
$149.9K
Market Conditions
NOI Build-Up for 817 SF
Gross rent
$26.4K $32.28/SF
− Vacancy
−$1.8K −$2.26/SF
EGI
$24.5K $30.02/SF
− OpEx
−$11.0K −$13.51/SF
NOI
$13.5K $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%
$269,800
Cap Rate 7%
$192,714
Cap Rate 9%
$149,889
Alternative Uses
Best Use
Apartment 5plus
$192.7K
$168.6K – $224.8K
NOI $13,490 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$287.4K
$251.5K – $335.3K
NOI $20,118 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor unit has two bedrooms, an updated kitchen, and designated parking.
Where is this residential income property located?
The property is located at 18503 BOYSENBERRY DRIVE Unit 127 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bathroom second‑floor condominium; Private balcony and gas fireplace; Remodeled kitchen with stainless steel appliances and breakfast bar
