Updated Residential Income
For Sale
$265,000
18714 WALKERS CHOICE Unit 18714, Montgomery Village, MD 20877
Updated condo with private patio, open living areas, community recreation, and access to shopping, dining, transit, and outdoor amenities.
Property Size1,152 SF
Days on Market86
Property Features for 18714 WALKERS CHOICE Unit 18714
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,914
Amenities
private patio
fireplace
washer/dryer
outdoor pool
tennis courts
playground
Building Details
Building Size
1,152 SF
Year Built
1973
Listing Agency:
Washington Fine Properties, LLC
Listed By:
Jennifer K Wellde · License #508402
(301) 602-1596
Source:
Thehulsmangroup
Added: Jul 13
Changed: Oct 6
Last Checked: Oct 5 at 10:07PM
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 Washington Fine Properties, LLC
Investment Insights
Based on property information with market context.
This updated condominium offers a practical residential layout with 2 bedrooms and 2 bathrooms, spacious bedrooms, generous closet storage, and an open arrangement connecting the main living areas. A kitchen pass-through, separate dining-room bar, wall-mounted fireplace, and conveniently placed washer/dryer add functional detail. The enclosed patio extends the living space, while the private patio provides room for outdoor dining, entertaining, or gardening. The property was built in 1973.
Community amenities include an outdoor pool, tennis courts, and a playground. Lakes, parks, and jogging and walking trails are nearby, including Lake Whetstone within a short walk. Restaurants and shops are accessible from the property, with connections to I-270 and the MARC train station in nearby Gaithersburg. The condo fee includes all utilities.
Community amenities include an outdoor pool, tennis courts, and a playground. Lakes, parks, and jogging and walking trails are nearby, including Lake Whetstone within a short walk. Restaurants and shops are accessible from the property, with connections to I-270 and the MARC train station in nearby Gaithersburg. The condo fee includes all utilities.
Key Highlights
- 2BR/2BA condominium with updated bathrooms and spacious bedrooms
- Private patio plus enclosed patio for additional indoor‑outdoor use
- Open floor plan with kitchen pass‑through and separate dining‑room bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,021
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,420
$380.4K
Cap Rate 7%
$271,729
$271.7K
Cap Rate 9%
$211,344
$211.3K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$37.2K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.6K $30.02/SF
− OpEx
−$15.6K −$13.51/SF
NOI
$19.0K $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%
$380,420
Cap Rate 7%
$271,729
Cap Rate 9%
$211,344
Alternative Uses
Best Use
Apartment 5plus
$271.7K
$237.8K – $317.0K
NOI $19,021 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$405.2K
$354.6K – $472.8K
NOI $28,367 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,156
Businesses Nearby
Explore this area
Business Placement
Demographics for 20877, MD
37,577
Population
13,599
Households
2.8
Avg Household Size
36
Median Age
35%
College-Educated
76%
High-School Grad
5.6 sq mi
ZIP Area
6,710
Density / Sq Mi
$86,103
Median Household Income
$39,341
Median Earnings
$1,862
Median Rent
$462,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condo with private patio, open living areas, community recreation, and access to shopping, dining, transit, and outdoor amenities.
Where is this residential income property located?
The property is located at 18714 WALKERS CHOICE Unit 18714 Montgomery Village, MD.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2BR/2BA condominium with updated bathrooms and spacious bedrooms; Private patio plus enclosed patio for additional indoor‑outdoor use; Open floor plan with kitchen pass‑through and separate dining‑room bar
