Residential Income Property with
For Sale
$699,999
210 DECOVERLY DRIVE Unit 205, Gaithersburg, MD 20878
Contemporary two-bedroom residence with a den, tandem garage parking, and access to shared wellness amenities.
Property Size1,457 SF
Price / SF$480.44
Days on Market55
Property Features for 210 DECOVERLY DRIVE Unit 205
General Information
Standard status
Active
Size
1,457 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA + den
Multifamily Units
1
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$8,475
Amenities
private balcony
in-unit laundry
resort-style pool
fitness center
indoor rock-climbing wall
meeting spaces
secure building access
Building Details
Building Size
1,457 SF
Year Built
2020
Listing Agency:
Realty of America LLC
Listed By:
Andres A Serafini · License #627230
(240) 418-8899
Source:
Barnesrealestatecompany
Added: Aug 13
Changed: Oct 3
Last Checked: Oct 6 at 12:06AM
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 Realty of America LLC
Investment Insights
Based on property information with market context.
Built in 2020, this 1,457-square-foot residential income property includes two bedrooms, two full bathrooms, and a den within an open-concept layout. The kitchen features white cabinetry, quartz countertops, KitchenAid stainless steel appliances, a gas cooktop, and an island with seating. Luxury vinyl flooring, a private balcony, a walk-in closet, and an en-suite primary bathroom add to the configuration. Furniture conveys with the sale, and the unit also includes a dedicated laundry room with a full-size washer and dryer.
The property has dedicated tandem garage parking and secure building access. Resident amenities at The Retreat include a pool, fitness center, indoor rock-climbing wall, and meeting spaces. Downtown Crown places the residence near Rio Lakefront, shopping, dining, grocery stores, and entertainment. Sam Eig Hwy, ICC/MD 200, I-270, and Shady Grove Metro are nearby.
The property has dedicated tandem garage parking and secure building access. Resident amenities at The Retreat include a pool, fitness center, indoor rock-climbing wall, and meeting spaces. Downtown Crown places the residence near Rio Lakefront, shopping, dining, grocery stores, and entertainment. Sam Eig Hwy, ICC/MD 200, I-270, and Shady Grove Metro are nearby.
Key Highlights
- 1,457‑square‑foot residence with 2 bedrooms, 2 full bathrooms, and a den
- Built in 2020 with an open layout, luxury vinyl flooring, and a private balcony
- Kitchen includes quartz countertops, KitchenAid stainless steel appliances, gas cooktop, and island seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,057
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,140
$481.1K
Cap Rate 7%
$343,671
$343.7K
Cap Rate 9%
$267,300
$267.3K
Market Conditions
NOI Build-Up for 1,457 SF
Gross rent
$47.0K $32.28/SF
− Vacancy
−$3.3K −$2.26/SF
EGI
$43.7K $30.02/SF
− OpEx
−$19.7K −$13.51/SF
NOI
$24.1K $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%
$481,140
Cap Rate 7%
$343,671
Cap Rate 9%
$267,300
Alternative Uses
Best Use
Apartment 5plus
$343.7K
$300.7K – $401.0K
NOI $24,057 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$512.5K
$448.5K – $598.0K
NOI $35,878 @ 7.0% cap · market cap 5.13%
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
1,766
Businesses Nearby
Explore this area
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 - Contemporary two-bedroom residence with a den, tandem garage parking, and access to shared wellness amenities.
Where is this residential income property located?
The property is located at 210 DECOVERLY DRIVE Unit 205 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: 1,457‑square‑foot residence with 2 bedrooms, 2 full bathrooms, and a den; Built in 2020 with an open layout, luxury vinyl flooring, and a private balcony; Kitchen includes quartz countertops, KitchenAid stainless steel appliances, gas cooktop, and island seating
