Renovated Condominium with Updated
For Sale
$284,900
22 WINDBROOKE CIRCLE Unit 22, Gaithersburg, MD 20879
Two bedrooms and two full baths accompany a refreshed kitchen, fireplace, and HVAC system.
Property Size1,294 SF
Days on Market12
Property Features for 22 WINDBROOKE CIRCLE Unit 22
General Information
Standard status
Active
Size
1,294 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,243
Amenities
wood-burning fireplace
Building Details
Building Size
1,294 SF
Year Built
1985
Listing Agency:
Samson Properties
Listed By:
Rokhsan Fallah · License #600051
(240) 888-5943
Source:
Thehulsmangroup
Added: Sep 24
Changed: Oct 3
Last Checked: Oct 4 at 1:52PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bath condominium, built in 1985, has refreshed interior finishes including laminate flooring in the living areas, carpet in both bedrooms, recessed lighting, and fresh paint. The kitchen has quartz countertops and stainless-steel appliances. Other updates include new windows, a State ProLine hot water heater, and a renovated wood-burning fireplace. The primary bathroom features a walk-in shower.
Exterior work is underway on the building, the first in the Windbrooke development to receive a complete renovation. The planned scope includes CertainTeed Monogram rough cedar siding in Oxford Blue, exterior lighting, decks, and fireplace and chimney work. Completion is anticipated in October/November 2026. The condominium is in Gaithersburg’s Windbrooke community, with access to shopping, dining, and major commuter routes.
Exterior work is underway on the building, the first in the Windbrooke development to receive a complete renovation. The planned scope includes CertainTeed Monogram rough cedar siding in Oxford Blue, exterior lighting, decks, and fireplace and chimney work. Completion is anticipated in October/November 2026. The condominium is in Gaithersburg’s Windbrooke community, with access to shopping, dining, and major commuter routes.
Key Highlights
- Two‑bedroom, 2‑bath condominium
- Quartz kitchen countertops and stainless‑steel appliances
- Updated windows, HVAC system, and State ProLine hot water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,366
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,320
$427.3K
Cap Rate 7%
$305,229
$305.2K
Cap Rate 9%
$237,400
$237.4K
Market Conditions
NOI Build-Up for 1,294 SF
Gross rent
$41.8K $32.28/SF
− Vacancy
−$2.9K −$2.26/SF
EGI
$38.8K $30.02/SF
− OpEx
−$17.5K −$13.51/SF
NOI
$21.4K $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%
$427,320
Cap Rate 7%
$305,229
Cap Rate 9%
$237,400
Alternative Uses
Best Use
Apartment 5plus
$305.2K
$267.1K – $356.1K
NOI $21,366 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$455.2K
$398.3K – $531.1K
NOI $31,864 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
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Business Placement
Demographics for 20879, MD
26,176
Population
9,008
Households
2.9
Avg Household Size
37
Median Age
42%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,044
Density / Sq Mi
$105,109
Median Household Income
$49,269
Median Earnings
$1,895
Median Rent
$433,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms and two full baths accompany a refreshed kitchen, fireplace, and HVAC system.
Where is this residential income property located?
The property is located at 22 WINDBROOKE CIRCLE Unit 22 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Two‑bedroom, 2‑bath condominium; Quartz kitchen countertops and stainless‑steel appliances; Updated windows, HVAC system, and State ProLine hot water heater
