Top-Floor Residential Income
For Sale
$700,000
250 DECOVERLY DRIVE Unit 427, Gaithersburg, MD 20878
Updated two-bedroom residence with a den, private balcony, and assigned garage parking.
Property Size1,457 SF
Price / SF$480.44
Days on Market22
Property Features for 250 DECOVERLY DRIVE Unit 427
General Information
Standard status
Active
Size
1,457 SF
Total Parking Spaces
1
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR+den/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,150
Amenities
private balcony
Building Details
Building Size
1,457 SF
Year Built
2020
Listing Agency:
NextHome Envision
Listed By:
Lisa M Nasar · License #500020
(301) 674-8160
Source:
Kerishull
Added: Sep 14
Changed: Oct 3
Last Checked: Oct 4 at 3:58PM
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 NextHome Envision
Investment Insights
Based on property information with market context.
Built in 2020, this top-floor Ethan model residence provides 1,457 square feet with two bedrooms, a den, and two full baths. The interior includes upgraded countertops, stylish flooring, a custom built-in, and an open arrangement suited to daily living and entertaining. A private balcony extends the living space and captures sunset views, while an assigned garage space provides dedicated parking.
The home is located within the Crown community at 250 Decoverly Drive in Gaithersburg, Maryland. Restaurants, cafes, shops, services, and outdoor gathering areas are positioned within the walkable neighborhood, supporting convenient access to everyday amenities without relying on a vehicle for every trip.
The home is located within the Crown community at 250 Decoverly Drive in Gaithersburg, Maryland. Restaurants, cafes, shops, services, and outdoor gathering areas are positioned within the walkable neighborhood, supporting convenient access to everyday amenities without relying on a vehicle for every trip.
Key Highlights
- 1,457‑square‑foot top‑floor Ethan model residence
- Two bedrooms, a den, and two full baths
- Private balcony with sunset views
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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Current Use
Lease Details
1
Residential units
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 - Updated two-bedroom residence with a den, private balcony, and assigned garage parking.
Where is this residential income property located?
The property is located at 250 DECOVERLY DRIVE Unit 427 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 1,457‑square‑foot top‑floor Ethan model residence; Two bedrooms, a den, and two full baths; Private balcony with sunset views
