One-Bedroom Residential Income
For Sale
$189,900
403 CHRISTOPHER AVENUE Unit 17, Gaithersburg, MD 20879
A single-level condominium includes a flexible extra room and a private balcony.
Property Size947 SF
Price / SF$200.53
Days on Market9
Property Features for 403 CHRISTOPHER AVENUE Unit 17
General Information
Standard status
Active
Size
947 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,703
Amenities
community outdoor swimming pool
private balcony
Building Details
Building Size
947 SF
Year Built
1974
Listing Agency:
Vylla Home
Listed By:
Kayla B Enrique Ross · License #5013164
(202) 820-9985
Source:
Thehulsmangroup
Added: Oct 20
Changed: Oct 27
Last Checked: Oct 28 at 3:16PM
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 Vylla Home
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bathroom condominium offers 947 square feet on a single level. Its layout includes a living area, a flexible-use room and a private balcony. The building dates to 1974.
Residents have access to a community outdoor pool, parking and maintained common areas. The property is in Gaithersburg, near shopping, restaurants, recreation destinations and major commuter routes.
Residents have access to a community outdoor pool, parking and maintained common areas. The property is in Gaithersburg, near shopping, restaurants, recreation destinations and major commuter routes.
Key Highlights
- 947‑square‑foot condominium with one bedroom and one bathroom
- Single‑level layout with a separate flex room
- Private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,636
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,720
$312.7K
Cap Rate 7%
$223,371
$223.4K
Cap Rate 9%
$173,733
$173.7K
Market Conditions
NOI Build-Up for 947 SF
Gross rent
$30.6K $32.28/SF
− Vacancy
−$2.1K −$2.26/SF
EGI
$28.4K $30.02/SF
− OpEx
−$12.8K −$13.51/SF
NOI
$15.6K $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%
$312,720
Cap Rate 7%
$223,371
Cap Rate 9%
$173,733
Alternative Uses
Best Use
Apartment 5plus
$223.4K
$195.5K – $260.6K
NOI $15,636 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$333.1K
$291.5K – $388.7K
NOI $23,319 @ 7.0% cap · market cap 12.28%
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
1,627
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 - A single-level condominium includes a flexible extra room and a private balcony.
Where is this residential income property located?
The property is located at 403 CHRISTOPHER AVENUE Unit 17 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 947‑square‑foot condominium with one bedroom and one bathroom; Single‑level layout with a separate flex room; Private balcony
