Two-Bedroom Residential
501 HUNGERFORD DRIVE Unit P83, Rockville, MD 20850
For Sale
$290,000
The residence includes two reserved garage spaces and access to community recreation and fitness amenities.
Property Size1,165 SF
Price / SF$248.93
Days on Market135
Property Features for 501 HUNGERFORD DRIVE Unit P83
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
paid-for high speed internet
outdoor pool
fitness center
clubhouse
theatre room
pool table
entertainment spaces
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Carson Truong
(240) 813-5080
Source:
Signaturemoverealestate
Added: Jun 27
Changed: Nov 6
Last Checked: Nov 8 at 10:12AM
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 residence, built in 2003, has two bedrooms and two bathrooms. Interior features include granite counters, stainless steel appliances, sleek cabinetry, neutral paint, and spacious rooms. Two reserved garage parking spaces are included.
Community amenities include an outdoor pool, fitness center, clubhouse with a theatre room, pool table, and additional entertainment areas. High-speed internet is included at no charge. The Rockville Metro Station is a short distance away, with retail, restaurants, grocery stores, and other shopping nearby.
Community amenities include an outdoor pool, fitness center, clubhouse with a theatre room, pool table, and additional entertainment areas. High-speed internet is included at no charge. The Rockville Metro Station is a short distance away, with retail, restaurants, grocery stores, and other shopping nearby.
Key Highlights
- 1,165‑square‑foot residence with 2 bedrooms and 2 bathrooms
- Two reserved garage parking spaces
- Granite counters, stainless steel appliances, and sleek cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,236
Cap Rate
6.63%
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 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$409.8K
$358.6K – $478.1K
NOI $28,687 @ 7.0% cap · market cap 9.89%
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
$687,200
Median Home Value
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Market
Average Price Trend$/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 residence includes two reserved garage spaces and access to community recreation and fitness amenities.
Where is this residential income property located?
The property is located at 501 HUNGERFORD DRIVE Unit P83 Rockville, MD.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 1,165‑square‑foot residence with 2 bedrooms and 2 bathrooms; Two reserved garage parking spaces; Granite counters, stainless steel appliances, and sleek cabinetry
