Two-Level Residential Income
For Sale
$435,000
214 FALLSGROVE BOULEVARD Unit 12, Rockville, MD 20850
Two bedroom suites, each with an en-suite bath and walk-in closet, are arranged on the upper level.
Property Size1,382 SF
Price / SF$314.76
Days on Market154
Property Features for 214 FALLSGROVE BOULEVARD Unit 12
General Information
Standard status
Active
Size
1,382 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,235
Amenities
private balcony
outdoor pool
exercise room
jog/walk paths
clubhouse
Building Details
Building Size
1,382 SF
Year Built
2002
Listing Agency:
Gallery Collective
Listed By:
Thomas Mathis
(301) 245-2659
Source:
Gallerycollectivere
Added: May 28
Changed: Oct 27
Last Checked: Oct 27 at 4:13AM
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 Gallery Collective
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Investment Insights
Based on property information with market context.
This 1,382-square-foot, two-level residence was built in 2002 and includes 2 bedrooms and 2.5 bathrooms. The main floor has an open layout and a private balcony. Upstairs, each bedroom has an en-suite bathroom and walk-in closet; the bathrooms include soaking tubs and walk-in showers.
The property is in Fallsgrove, Rockville, with dining, shopping, and medical and life-science employment corridors nearby. Community amenities include an outdoor pool, exercise room, walking and jogging paths, and a clubhouse. Association coverage includes exterior maintenance, snow removal, and lawn care.
The property is in Fallsgrove, Rockville, with dining, shopping, and medical and life-science employment corridors nearby. Community amenities include an outdoor pool, exercise room, walking and jogging paths, and a clubhouse. Association coverage includes exterior maintenance, snow removal, and lawn care.
Key Highlights
- 1,382‑square‑foot residence built in 2002
- Two‑level layout with 2 bedrooms and 2.5 bathrooms
- Two bedroom suites with walk‑in closets and en‑suite baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,819
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,380
$456.4K
Cap Rate 7%
$325,986
$326.0K
Cap Rate 9%
$253,544
$253.5K
Market Conditions
NOI Build-Up for 1,382 SF
Gross rent
$44.6K $32.28/SF
− Vacancy
−$3.1K −$2.26/SF
EGI
$41.5K $30.02/SF
− OpEx
−$18.7K −$13.51/SF
NOI
$22.8K $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%
$456,380
Cap Rate 7%
$325,986
Cap Rate 9%
$253,544
Alternative Uses
Best Use
Apartment 5plus
$326.0K
$285.2K – $380.3K
NOI $22,819 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$486.2K
$425.4K – $567.2K
NOI $34,031 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,969
Businesses Nearby
Explore this area
Business Placement
Demographics for 20850, MD
51,045
Population
22,468
Households
2.3
Avg Household Size
41
Median Age
67%
College-Educated
94%
High-School Grad
14.1 sq mi
ZIP Area
3,620
Density / Sq Mi
$122,691
Median Household Income
$77,679
Median Earnings
$2,277
Median Rent
$687,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Two bedroom suites, each with an en-suite bath and walk-in closet, are arranged on the upper level.
Where is this residential income property located?
The property is located at 214 FALLSGROVE BOULEVARD Unit 12 Rockville, MD.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1,382‑square‑foot residence built in 2002; Two‑level layout with 2 bedrooms and 2.5 bathrooms; Two bedroom suites with walk‑in closets and en‑suite baths
