Residential Income Condo with
For Sale
$274,999
411 CHRISTOPHER AVENUE Unit 75, Gaithersburg, MD 20879
Updated condo offers distinct living and dining areas, storage, parking, and access to community amenities.
Property Size1,422 SF
Days on Market18
Property Features for 411 CHRISTOPHER AVENUE Unit 75
General Information
Standard status
Active
Size
1,422 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,164
Amenities
pool
balcony
storage unit
Building Details
Building Size
1,422 SF
Year Built
1974
Listing Agency:
LPT Realty, LLC
Listed By:
edwin r vasquez · License #5001766
(301) 573-9047
Source:
Thehulsmangroup
Added: Sep 18
Changed: Oct 3
Last Checked: Oct 4 at 4:44PM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This residential income property is a condominium with separate living and dining areas, a primary bedroom with its own full bath, and a large balcony. Additional features include a storage unit and ample parking. Improvements include remodeled kitchen flooring, replaced carpeting, a newer water heater, a replacement toilet, and recessed lighting. The property was built in 1974.
The condo fee includes water, trash service, pool access, common area maintenance, lawn care, and snow removal. The address is near Costco, I-270, libraries, shopping, and dining, providing access to a range of nearby services and destinations.
The condo fee includes water, trash service, pool access, common area maintenance, lawn care, and snow removal. The address is near Costco, I-270, libraries, shopping, and dining, providing access to a range of nearby services and destinations.
Key Highlights
- Large balcony, separate living and dining areas, and a primary bedroom with private full bath
- Storage unit and plenty of parking included
- Recent updates include kitchen flooring, carpet, water heater, toilet, and recessed lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,479
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,580
$469.6K
Cap Rate 7%
$335,414
$335.4K
Cap Rate 9%
$260,878
$260.9K
Market Conditions
NOI Build-Up for 1,422 SF
Gross rent
$45.9K $32.28/SF
− Vacancy
−$3.2K −$2.26/SF
EGI
$42.7K $30.02/SF
− OpEx
−$19.2K −$13.51/SF
NOI
$23.5K $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%
$469,580
Cap Rate 7%
$335,414
Cap Rate 9%
$260,878
Alternative Uses
Best Use
Apartment 5plus
$335.4K
$293.5K – $391.3K
NOI $23,479 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$500.2K
$437.7K – $583.6K
NOI $35,016 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,627
Businesses Nearby
Explore this area
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 - Updated condo offers distinct living and dining areas, storage, parking, and access to community amenities.
Where is this residential income property located?
The property is located at 411 CHRISTOPHER AVENUE Unit 75 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $274,999.
What are key features of this property?
This property features: Large balcony, separate living and dining areas, and a primary bedroom with private full bath; Storage unit and plenty of parking included; Recent updates include kitchen flooring, carpet, water heater, toilet, and recessed lighting
