Two-Bedroom Residential Income
404 KING FARM BOULEVARD Unit 40409, Rockville, MD 20850
For Sale
$414,900
Residents have access to an outdoor pool, fitness center, and tennis and basketball courts.
Property Size1,207 SF
Price / SF$343.74
Days on Market27
Property Features for 404 KING FARM BOULEVARD Unit 40409
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
washer/dryer hookups
outdoor pool
fitness center
tennis courts
basketball courts
baseball field
community center
intercom system
assigned parking
Building Details
Building Size
Year Built
Construction
Listing Agency:
McWilliams/Ballard Inc.
Listed By:
Brenda C Moreno · License #620111
(202) 297-7610
Source:
Signaturemoverealestate
Added: Oct 13
Changed: Nov 8
Last Checked: Nov 8 at 10:11AM
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 McWilliams/Ballard Inc.
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Investment Insights
Based on property information with market context.
This 1,207-square-foot residential unit was built in 2001 and has two bedrooms and 2.5 bathrooms. The layout includes a kitchen and living area, along with washer and dryer hookups. Assigned parking and an intercom system are also provided.
Community amenities include an outdoor pool, fitness center, and tennis and basketball courts. A baseball field and community center are nearby, while local parks, shops, and dining options are located in the surrounding neighborhood.
Community amenities include an outdoor pool, fitness center, and tennis and basketball courts. A baseball field and community center are nearby, while local parks, shops, and dining options are located in the surrounding neighborhood.
Key Highlights
- Two bedrooms and 2.5 bathrooms
- 1,207 square feet; built in 2001
- Outdoor pool, fitness center, tennis courts, and basketball courts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,929
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,580
$398.6K
Cap Rate 7%
$284,700
$284.7K
Cap Rate 9%
$221,433
$221.4K
Market Conditions
NOI Build-Up for 1,207 SF
Gross rent
$39.0K $32.28/SF
− Vacancy
−$2.7K −$2.26/SF
EGI
$36.2K $30.02/SF
− OpEx
−$16.3K −$13.51/SF
NOI
$19.9K $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%
$398,580
Cap Rate 7%
$284,700
Cap Rate 9%
$221,433
Alternative Uses
Best Use
Apartment 5plus
$284.7K
$249.1K – $332.2K
NOI $19,929 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$424.6K
$371.5K – $495.4K
NOI $29,722 @ 7.0% cap · market cap 7.16%
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
1,896
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
$687,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Montgomery County, MD
Properties on Market for Residential income properties in Montgomery County
Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to an outdoor pool, fitness center, and tennis and basketball courts.
Where is this residential income property located?
The property is located at 404 KING FARM BOULEVARD Unit 40409 Rockville, MD.
What is the asking price?
The asking price for this property is $414,900.
What are key features of this property?
This property features: Two bedrooms and 2.5 bathrooms; 1,207 square feet; built in 2001; Outdoor pool, fitness center, tennis courts, and basketball courts
