Residential Income
413 CHRISTOPHER AVENUE Unit 12, Gaithersburg, MD 20879
For Sale
New
$250,000
The three-bedroom, two-bath condo is part of a community with a pool, tennis courts, playgrounds and walking paths.
Property Size1,278 SF
Days on Market5
Property Features for 413 CHRISTOPHER AVENUE Unit 12
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
community outdoor pool
tennis courts
playgrounds
picnic areas with grills
walking paths
ample parking
secure building entry
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Realty Services
Listed By:
Charles B Chapman · License #MD505014
(240) 351-8214
Source:
Thehulsmangroup
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 6 at 6:19PM
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 RE/MAX Realty Services
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Investment Insights
Based on property information with market context.
This three-bedroom, two-bath condo in Gaithersburg offers an opportunity to select finishes, fixtures and colors. The building has secure entry, and residents have access to community amenities including an outdoor pool, tennis courts, playgrounds, picnic areas with grills and walking paths. The property was built in 1974.
The community is near Costco, a library, shopping and dining, with I-270 a short drive away. The condo fee covers water, trash, snow removal, lawn care and exterior maintenance.
The community is near Costco, a library, shopping and dining, with I-270 a short drive away. The condo fee covers water, trash, snow removal, lawn care and exterior maintenance.
Key Highlights
- Three bedrooms and two bathrooms
- Community outdoor pool, tennis courts, playgrounds, picnic areas with grills and walking paths
- Condo fee covers water, trash, snow removal, lawn care and exterior maintenance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,101
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,020
$422.0K
Cap Rate 7%
$301,443
$301.4K
Cap Rate 9%
$234,456
$234.5K
Market Conditions
NOI Build-Up for 1,278 SF
Gross rent
$41.3K $32.28/SF
− Vacancy
−$2.9K −$2.26/SF
EGI
$38.4K $30.02/SF
− OpEx
−$17.3K −$13.51/SF
NOI
$21.1K $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%
$422,020
Cap Rate 7%
$301,443
Cap Rate 9%
$234,456
Alternative Uses
Best Use
Apartment 5plus
$301.4K
$263.8K – $351.7K
NOI $21,101 @ 7.0% cap · market cap 8.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$449.6K
$393.4K – $524.5K
NOI $31,470 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,444
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
$433,500
Median Home Value
Market
Average Price Trend$/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 - The three-bedroom, two-bath condo is part of a community with a pool, tennis courts, playgrounds and walking paths.
Where is this residential income property located?
The property is located at 413 CHRISTOPHER AVENUE Unit 12 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three bedrooms and two bathrooms; Community outdoor pool, tennis courts, playgrounds, picnic areas with grills and walking paths; Condo fee covers water, trash, snow removal, lawn care and exterior maintenance
