Residential Income Property with Covered
New
For Sale
$155,000
18512 BOYSENBERRY DRIVE Unit 201, Gaithersburg, MD 20879
The top-floor, one-bedroom residence includes in-unit laundry, storage, and access to community recreation amenities.
Property Size621 SF
Days on Market4
Property Features for 18512 BOYSENBERRY DRIVE Unit 201
General Information
Standard status
Active
Size
621 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,414
Amenities
in-unit laundry
extra storage
pool
playground
Building Details
Building Size
621 SF
Year Built
1988
Listing Agency:
Hagan Realty
Listed By:
James Williams · License #575192
(240) 506-0179
Source:
Thehulsmangroup
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 11 at 2:40PM
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 Hagan Realty
Investment Insights
Based on property information with market context.
This top-floor, one-bedroom residence features an open layout, high ceilings, and a large bedroom with two closets. The kitchen includes a spacious pantry, and the unit has its own laundry, additional storage, and covered parking. The property was built in 1988.
Residents have access to community pools, parks, lakes, and playgrounds. Costco is down the street, I-270 is accessible, and the future Lake Forest town center is two blocks away.
Residents have access to community pools, parks, lakes, and playgrounds. Costco is down the street, I-270 is accessible, and the future Lake Forest town center is two blocks away.
Key Highlights
- Top‑floor, one‑bedroom residence
- Covered parking and additional storage
- Open layout with high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,253
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,060
$205.1K
Cap Rate 7%
$146,471
$146.5K
Cap Rate 9%
$113,922
$113.9K
Market Conditions
NOI Build-Up for 621 SF
Gross rent
$20.0K $32.28/SF
− Vacancy
−$1.4K −$2.26/SF
EGI
$18.6K $30.02/SF
− OpEx
−$8.4K −$13.51/SF
NOI
$10.3K $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%
$205,060
Cap Rate 7%
$146,471
Cap Rate 9%
$113,922
Alternative Uses
Best Use
Apartment 5plus
$146.5K
$128.2K – $170.9K
NOI $10,253 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$218.5K
$191.2K – $254.9K
NOI $15,292 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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 top-floor, one-bedroom residence includes in-unit laundry, storage, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 18512 BOYSENBERRY DRIVE Unit 201 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Top‑floor, one‑bedroom residence; Covered parking and additional storage; Open layout with high ceilings
