Penthouse Condominium with Private
For Sale
$425,000
201 HIGH GABLES DRIVE Unit 408, Gaithersburg, MD 20878
An elevator-served residence pairs a split-bedroom layout with access to a neighborhood pool.
Property Size1,500 SF
Price / SF$283.33
Days on Market44
Property Features for 201 HIGH GABLES DRIVE Unit 408
General Information
Standard status
Active
Size
1,500 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,916
Amenities
fireplace
hardwood flooring
crown molding
recessed lighting
center-island kitchen
breakfast area
family room
walk-in closets
laundry room
pool
Building Details
Building Size
1,500 SF
Year Built
2001
Listing Agency:
RLAH @properties
Listed By:
Richard S Prigal · License #515211
(301) 370-2306
Source:
Gallerycollectivere
Added: Sep 17
Changed: Oct 30
Last Checked: Oct 30 at 9:11AM
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 RLAH @properties
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Investment Insights
Based on property information with market context.
This 1,500-square-foot penthouse condominium has an open plan with separate living and dining areas, a center-island kitchen, breakfast area, and adjoining family room. Hardwood floors extend through the living and dining rooms and kitchen; a gas fireplace, crown molding, and recessed dining-room lighting add interior detail. The two-bedroom layout separates the bedrooms. The primary suite has two walk-in closets with organizers and an en-suite bath with double vanity and glass-enclosed shower. A second full bath and separate laundry room with stackable washer and dryer complete the layout. The home was built in 2001 and has been freshly painted with new carpet. A private garage is included.
Residents have elevator access, a building lobby, and use of a neighborhood pool. The property is at 201 High Gables Drive, Unit 408, in Gaithersburg, Maryland.
Residents have elevator access, a building lobby, and use of a neighborhood pool. The property is at 201 High Gables Drive, Unit 408, in Gaithersburg, Maryland.
Key Highlights
- 1,500‑square‑foot penthouse residence
- Private garage included
- Two‑bedroom split layout with open living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,767
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,340
$495.3K
Cap Rate 7%
$353,814
$353.8K
Cap Rate 9%
$275,189
$275.2K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$48.4K $32.28/SF
− Vacancy
−$3.4K −$2.26/SF
EGI
$45.0K $30.02/SF
− OpEx
−$20.3K −$13.51/SF
NOI
$24.8K $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%
$495,340
Cap Rate 7%
$353,814
Cap Rate 9%
$275,189
Alternative Uses
Best Use
Apartment 5plus
$353.8K
$309.6K – $412.8K
NOI $24,767 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$527.7K
$461.7K – $615.6K
NOI $36,937 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
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Business Placement
Demographics for 20878, MD
65,990
Population
25,297
Households
2.6
Avg Household Size
40
Median Age
70%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
3,235
Density / Sq Mi
$142,062
Median Household Income
$76,026
Median Earnings
$2,188
Median Rent
$675,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An elevator-served residence pairs a split-bedroom layout with access to a neighborhood pool.
Where is this residential income property located?
The property is located at 201 HIGH GABLES DRIVE Unit 408 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,500‑square‑foot penthouse residence; Private garage included; Two‑bedroom split layout with open living and dining areas
