Renovated Residential Income
For Sale
$250,000
19443 BRASSIE PLACE Unit 301, Gaithersburg, MD 20886
A separate den, two full bathrooms, and a quartz kitchen add functional space to this two-bedroom residence.
Property Size1,169 SF
Days on Market15
Property Features for 19443 BRASSIE PLACE Unit 301
General Information
Standard status
Active
Size
1,169 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,040
Building Details
Building Size
1,169 SF
Year Built
1972
Listing Agency:
EXP Realty, LLC
Listed By:
Christopher Craddock · License #0225207192
(703) 688-2635
Source:
Thehulsmangroup
Added: Sep 21
Changed: Oct 3
Last Checked: Oct 4 at 4:39PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This two-bedroom, two-bathroom condominium was fully renovated two years ago. Its layout includes living and dining areas, a separate den, and a kitchen with quartz counters, stainless steel appliances, updated cabinetry, and a seating peninsula. Recessed lighting extends through the kitchen, dining room, and bedrooms. Both bathrooms have updated vanities and tile, while the primary bedroom includes substantial closet space.
The property is in Montgomery Village, near restaurants, grocery stores, shopping, parks, recreation, and the public library. Montgomery Village Avenue and nearby I-270 provide connections to Gaithersburg, Germantown, Rockville, and other parts of Montgomery County.
The property is in Montgomery Village, near restaurants, grocery stores, shopping, parks, recreation, and the public library. Montgomery Village Avenue and nearby I-270 provide connections to Gaithersburg, Germantown, Rockville, and other parts of Montgomery County.
Key Highlights
- Two bedrooms and two full bathrooms
- Separate den alongside the living and dining areas
- Quartz kitchen counters, stainless steel appliances, and seating peninsula
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,302
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,040
$386.0K
Cap Rate 7%
$275,743
$275.7K
Cap Rate 9%
$214,467
$214.5K
Market Conditions
NOI Build-Up for 1,169 SF
Gross rent
$37.7K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$35.1K $30.02/SF
− OpEx
−$15.8K −$13.51/SF
NOI
$19.3K $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%
$386,040
Cap Rate 7%
$275,743
Cap Rate 9%
$214,467
Alternative Uses
Best Use
Apartment 5plus
$275.7K
$241.3K – $321.7K
NOI $19,302 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$411.2K
$359.8K – $479.8K
NOI $28,786 @ 7.0% cap · market cap 11.51%
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
673
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - A separate den, two full bathrooms, and a quartz kitchen add functional space to this two-bedroom residence.
Where is this residential income property located?
The property is located at 19443 BRASSIE PLACE Unit 301 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Separate den alongside the living and dining areas; Quartz kitchen counters, stainless steel appliances, and seating peninsula
