Updated Residential Income
For Sale
$215,000
2505 BALTIMORE ROAD Unit 2505-7, Rockville, MD 20853
Two bedrooms, a full bathroom, and refreshed interior finishes define this Rockville residence.
Property Size1,085 SF
Price / SF$198.16
Days on Market24
Property Features for 2505 BALTIMORE ROAD Unit 2505-7
General Information
Standard status
Active
Size
1,085 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Road Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,547
Building Details
Building Size
1,085 SF
Year Built
1967
Listing Agency:
Samson Properties
Listed By:
Vivian Alexandra Mammen · License #92040
(301) 633-0027
Source:
Jackrealtygroup
Added: Oct 6
Changed: Oct 27
Last Checked: Oct 26 at 3:55PM
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
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Investment Insights
Based on property information with market context.
This 1,085-square-foot residential property in North Creek Place has two bedrooms and one bathroom. Interior work includes fresh paint, new carpet, LVP kitchen flooring, and new appliances. Built in 1967, the residence offers a layout with separate living areas and bedrooms.
Rock Creek Village Center is within walking distance, and Rock Creek Park is nearby. Flower Valley Elementary School, Earle B. Wood Middle School, and Rockville High School are also in the surrounding area. Rockville Pike, commuter routes, shopping, restaurants, and public transportation are accessible from the property.
Rock Creek Village Center is within walking distance, and Rock Creek Park is nearby. Flower Valley Elementary School, Earle B. Wood Middle School, and Rockville High School are also in the surrounding area. Rockville Pike, commuter routes, shopping, restaurants, and public transportation are accessible from the property.
Key Highlights
- 1,085‑square‑foot residence with two bedrooms and one bathroom
- Recent interior work includes paint, carpet, kitchen LVP flooring, and appliances
- Built in 1967 in the North Creek Place community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,915
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,300
$358.3K
Cap Rate 7%
$255,929
$255.9K
Cap Rate 9%
$199,056
$199.1K
Market Conditions
NOI Build-Up for 1,085 SF
Gross rent
$35.0K $32.28/SF
− Vacancy
−$2.5K −$2.26/SF
EGI
$32.6K $30.02/SF
− OpEx
−$14.7K −$13.51/SF
NOI
$17.9K $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%
$358,300
Cap Rate 7%
$255,929
Cap Rate 9%
$199,056
Alternative Uses
Best Use
Apartment 5plus
$255.9K
$223.9K – $298.6K
NOI $17,915 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$381.7K
$334.0K – $445.3K
NOI $26,717 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
Explore this area
Business Placement
Demographics for 20853, MD
30,611
Population
10,028
Households
3.1
Avg Household Size
42
Median Age
51%
College-Educated
89%
High-School Grad
9.0 sq mi
ZIP Area
3,401
Density / Sq Mi
$157,168
Median Household Income
$59,201
Median Earnings
$1,944
Median Rent
$605,800
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms, a full bathroom, and refreshed interior finishes define this Rockville residence.
Where is this residential income property located?
The property is located at 2505 BALTIMORE ROAD Unit 2505-7 Rockville, MD.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,085‑square‑foot residence with two bedrooms and one bathroom; Recent interior work includes paint, carpet, kitchen LVP flooring, and appliances; Built in 1967 in the North Creek Place community
