Residential Income Condominium with
For Sale
$230,000
4 MONROE STREET Unit 210, Rockville, MD 20850
The two-bedroom, two-bath residence includes a private balcony and one assigned garage parking space.
Property Size1,231 SF
Price / SF$186.84
Days on Market13
Property Features for 4 MONROE STREET Unit 210
General Information
Standard status
Active
Size
1,231 SF
Total Parking Spaces
1
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
$3,259
Amenities
balcony
laundry facilities
outdoor swimming pool
fitness room
24/7 concierge and security
community room
Building Details
Building Size
1,231 SF
Year Built
1971
Listing Agency:
Evergreen Properties
Listed By:
Xiuying Zhang · License #656331
(240) 751-2362
Source:
Jackrealtygroup
Added: Oct 17
Changed: Oct 26
Last Checked: Oct 26 at 3:48PM
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 Evergreen Properties
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Investment Insights
Based on property information with market context.
This 1,231-square-foot condominium, built in 1971, has two bedrooms and two full bathrooms. Hardwood flooring extends through the open living and dining area, which connects to a private balcony. The kitchen has granite counters, updated cabinetry, a new sink, refrigerator, dishwasher and range hood, along with a one-year-old gas stove. Fresh paint is present throughout. Both bedrooms have walk-in closets, and the primary bedroom has an en-suite bathroom.
The condominium is in Rockville Town Center, steps from the Metro, library, movie theater and dining options. Monthly condo fees include all utilities. Residents also have access to complimentary laundry facilities on every floor, an assigned garage parking space, 24/7 concierge and security, an outdoor pool, a first-floor fitness room and a community room.
The condominium is in Rockville Town Center, steps from the Metro, library, movie theater and dining options. Monthly condo fees include all utilities. Residents also have access to complimentary laundry facilities on every floor, an assigned garage parking space, 24/7 concierge and security, an outdoor pool, a first-floor fitness room and a community room.
Key Highlights
- 1,231‑square‑foot condominium with two bedrooms and two full bathrooms
- Private balcony off the open living and dining area
- Kitchen includes granite counters, updated cabinetry, refrigerator, dishwasher and a one‑year‑old gas stove
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,325
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,500
$406.5K
Cap Rate 7%
$290,357
$290.4K
Cap Rate 9%
$225,833
$225.8K
Market Conditions
NOI Build-Up for 1,231 SF
Gross rent
$39.7K $32.28/SF
− Vacancy
−$2.8K −$2.26/SF
EGI
$37.0K $30.02/SF
− OpEx
−$16.6K −$13.51/SF
NOI
$20.3K $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%
$406,500
Cap Rate 7%
$290,357
Cap Rate 9%
$225,833
Alternative Uses
Best Use
Apartment 5plus
$290.4K
$254.1K – $338.8K
NOI $20,325 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$433.0K
$378.9K – $505.2K
NOI $30,313 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,290
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath residence includes a private balcony and one assigned garage parking space.
Where is this residential income property located?
The property is located at 4 MONROE STREET Unit 210 Rockville, MD.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1,231‑square‑foot condominium with two bedrooms and two full bathrooms; Private balcony off the open living and dining area; Kitchen includes granite counters, updated cabinetry, refrigerator, dishwasher and a one‑year‑old gas stove
