Residential Income Property with
For Sale
$305,000
501 HUNGERFORD DRIVE Unit 139, Rockville, MD 20850
The two-bedroom layout places shared living space between separated bedrooms and includes in-unit laundry.
Property Size1,165 SF
Price / SF$261.80
Days on Market150
Property Features for 501 HUNGERFORD DRIVE Unit 139
General Information
Standard status
Active
Size
1,165 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,662
Amenities
fitness center
pool
billiards room
theater room
cyber cafe
Building Details
Building Size
1,165 SF
Year Built
2003
Listing Agency:
Compass
Listed By:
Johnice Comer · License #307735
(240) 876-3799
Source:
Jackrealtygroup
Added: Jun 2
Changed: Oct 27
Last Checked: Oct 26 at 3:23PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,165-square-foot condo in The Fitz has two bedrooms, two bathrooms, ceramic tile flooring, and a remodeled primary bathroom with a walk-in shower. The floor plan places the shared living area between the bedrooms, while a private balcony adds outdoor space. An in-unit laundry room and separately deeded garage space are included. The building dates to 2003.
Community amenities include a fitness center, pool, billiards room, theater room, and cyber cafe, with onsite management. The condo fee covers water, sewer, cable, high-speed internet, trash, exterior maintenance, and snow removal. Rockville Town Center is within easy walking distance, and the Rockville Metro, MARC Train, bus routes, and major commuter corridors are nearby.
Community amenities include a fitness center, pool, billiards room, theater room, and cyber cafe, with onsite management. The condo fee covers water, sewer, cable, high-speed internet, trash, exterior maintenance, and snow removal. Rockville Town Center is within easy walking distance, and the Rockville Metro, MARC Train, bus routes, and major commuter corridors are nearby.
Key Highlights
- Two bedrooms and two bathrooms in 1,165 square feet
- Separately deeded garage space
- Private balcony and in‑unit laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,236
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,720
$384.7K
Cap Rate 7%
$274,800
$274.8K
Cap Rate 9%
$213,733
$213.7K
Market Conditions
NOI Build-Up for 1,165 SF
Gross rent
$37.6K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$35.0K $30.02/SF
− OpEx
−$15.7K −$13.51/SF
NOI
$19.2K $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%
$384,720
Cap Rate 7%
$274,800
Cap Rate 9%
$213,733
Alternative Uses
Best Use
Apartment 5plus
$274.8K
$240.5K – $320.6K
NOI $19,236 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$409.8K
$358.6K – $478.1K
NOI $28,687 @ 7.0% cap · market cap 9.41%
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
3,126
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 layout places shared living space between separated bedrooms and includes in-unit laundry.
Where is this residential income property located?
The property is located at 501 HUNGERFORD DRIVE Unit 139 Rockville, MD.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,165 square feet; Separately deeded garage space; Private balcony and in‑unit laundry room
