Two-Bedroom Ground-Floor
For Sale
$289,000
25909 RIDGE MANOR DRIVE Unit 9000-D, Damascus, MD 20872
A private balcony, in-unit laundry room, and kitchen with stainless steel appliances add practical features to this condominium.
Property Size1,055 SF
Days on Market14
Property Features for 25909 RIDGE MANOR DRIVE Unit 9000-D
General Information
Standard status
Active
Size
1,055 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,701
Building Details
Building Size
1,055 SF
Year Built
1999
Listing Agency:
Marsh Realty
Listed By:
Molly S Marsh-Riley · License #648331
(240) 315-7825
Source:
Thehulsmangroup
Added: Sep 22
Changed: Oct 3
Last Checked: Oct 4 at 5:43PM
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 Marsh Realty
Investment Insights
Based on property information with market context.
This 1999-built, ground-floor condominium has two bedrooms and two full bathrooms. The living room measures 14' x 18', and the primary bedroom measures 13' x 15'. The galley kitchen includes stainless steel appliances and a breakfast bar. A private laundry room with washer and dryer and a balcony are also part of the unit. Both bedrooms have carpet, while the bathrooms have vinyl plank flooring and tub/shower combinations. The primary bath is en suite.
Schools, a library, grocery stores, restaurants, and a bus stop are within walking distance. The condo fee covers water, sewer, trash service, and snow removal.
Schools, a library, grocery stores, restaurants, and a bus stop are within walking distance. The condo fee covers water, sewer, trash service, and snow removal.
Key Highlights
- Ground‑floor condominium built in 1999
- Two bedrooms and two full bathrooms
- 14' x 18' living room and 13' x 15' primary bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,419
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,380
$348.4K
Cap Rate 7%
$248,843
$248.8K
Cap Rate 9%
$193,544
$193.5K
Market Conditions
NOI Build-Up for 1,055 SF
Gross rent
$34.1K $32.28/SF
− Vacancy
−$2.4K −$2.26/SF
EGI
$31.7K $30.02/SF
− OpEx
−$14.3K −$13.51/SF
NOI
$17.4K $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%
$348,380
Cap Rate 7%
$248,843
Cap Rate 9%
$193,544
Alternative Uses
Best Use
Apartment 5plus
$248.8K
$217.7K – $290.3K
NOI $17,419 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$371.1K
$324.7K – $433.0K
NOI $25,979 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 20872, MD
13,349
Population
4,850
Households
2.8
Avg Household Size
39
Median Age
47%
College-Educated
93%
High-School Grad
19.9 sq mi
ZIP Area
671
Density / Sq Mi
$132,804
Median Household Income
$61,547
Median Earnings
$1,675
Median Rent
$478,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A private balcony, in-unit laundry room, and kitchen with stainless steel appliances add practical features to this condominium.
Where is this residential income property located?
The property is located at 25909 RIDGE MANOR DRIVE Unit 9000-D Damascus, MD.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Ground‑floor condominium built in 1999; Two bedrooms and two full bathrooms; 14' x 18' living room and 13' x 15' primary bedroom
