Top-Floor Residential Income
For Sale
$225,000
18614 WALKERS CHOICE ROAD Unit 5, Montgomery Village, MD 20886
An open living and dining area connects two bedrooms and two full bathrooms.
Property Size1,178 SF
Days on Market21
Property Features for 18614 WALKERS CHOICE ROAD Unit 5
General Information
Standard status
Active
Size
1,178 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,079
Building Details
Building Size
1,178 SF
Year Built
1973
Listing Agency:
Samson Properties
Listed By:
Rokhsan Fallah · License #600051
(240) 888-5943
Source:
Thehulsmangroup
Added: Sep 16
Changed: Oct 3
Last Checked: Oct 5 at 10:11PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This top-floor residential property has two bedrooms and two full bathrooms. Its L-shaped living and dining area forms an open central space, with windows extending along the room. The building dates to 1973 and is located in Montgomery Village, Maryland.
Key Highlights
- Two bedrooms and two full bathrooms
- Top‑floor unit with an L‑shaped living and dining area
- Windows run along the length of the main living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,450
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,000
$389.0K
Cap Rate 7%
$277,857
$277.9K
Cap Rate 9%
$216,111
$216.1K
Market Conditions
NOI Build-Up for 1,178 SF
Gross rent
$38.0K $32.28/SF
− Vacancy
−$2.7K −$2.26/SF
EGI
$35.4K $30.02/SF
− OpEx
−$15.9K −$13.51/SF
NOI
$19.5K $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%
$389,000
Cap Rate 7%
$277,857
Cap Rate 9%
$216,111
Alternative Uses
Best Use
Apartment 5plus
$277.9K
$243.1K – $324.2K
NOI $19,450 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$414.4K
$362.6K – $483.5K
NOI $29,007 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,433
Businesses Nearby
Explore this area
Business Placement
Demographics for 20886, MD
35,649
Population
13,024
Households
2.7
Avg Household Size
36
Median Age
43%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
8,695
Density / Sq Mi
$98,767
Median Household Income
$48,530
Median Earnings
$1,863
Median Rent
$366,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An open living and dining area connects two bedrooms and two full bathrooms.
Where is this residential income property located?
The property is located at 18614 WALKERS CHOICE ROAD Unit 5 Montgomery Village, MD.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Top‑floor unit with an L‑shaped living and dining area; Windows run along the length of the main living space
