Corner-Unit Residential Income
For Sale
$699,000
Pending
210 DECOVERLY DRIVE Unit 310, Gaithersburg, MD 20878
Bright condo residence with an open layout, upgraded primary suite, and access to community recreation amenities.
Property Size1,457 SF
Days on Market54
Property Features for 210 DECOVERLY DRIVE Unit 310
General Information
Standard status
Pending
Size
1,457 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,475
Amenities
in-unit laundry
pool
tennis courts
community center
Building Details
Building Size
1,457 SF
Year Built
2019
Listing Agency:
Compass
Listed By:
Jon David Solovey · License #648450
(301) 873-8004
Source:
Barnesrealestatecompany
Added: Sep 8
Changed: Oct 31
Last Checked: Oct 30 at 8:21PM
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 Compass
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Investment Insights
Based on property information with market context.
Built in 2019, this corner-unit condominium offers 2 bedrooms and 2 full bathrooms within an open-concept living area. The kitchen includes a large island, gas cooktop, wall oven, and substantial storage. A primary suite adds an upgraded walk-in closet and a spa-style bathroom with a walk-in shower. In-unit laundry and an assigned garage parking space add everyday convenience.
Residents have access to a community pool, tennis courts, and community center, with those amenities included in the monthly fee. The pet-friendly community is within walking distance of downtown Crown restaurants and shopping.
Residents have access to a community pool, tennis courts, and community center, with those amenities included in the monthly fee. The pet-friendly community is within walking distance of downtown Crown restaurants and shopping.
Key Highlights
- Corner unit with 2 bedrooms and 2 full bathrooms
- 2019 construction with an open‑concept living area
- Kitchen includes a large island, gas cooktop, wall oven, and ample storage
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.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,766
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 - Bright condo residence with an open layout, upgraded primary suite, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 210 DECOVERLY DRIVE Unit 310 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Corner unit with 2 bedrooms and 2 full bathrooms; 2019 construction with an open‑concept living area; Kitchen includes a large island, gas cooktop, wall oven, and ample storage
