Residential Income Property with
For Sale
$449,000
5716 CHAPMAN MILL DRIVE Unit 150, Rockville, MD 20852
A renovated kitchen, fireplace and two-level layout complement the 2-bedroom, 2.5-bath floor plan.
Property Size1,083 SF
Price / SF$414.59
Days on Market169
Property Features for 5716 CHAPMAN MILL DRIVE Unit 150
General Information
Standard status
Active
Size
1,083 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
2BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,918
Amenities
balcony
fireplace
Building Details
Building Size
1,083 SF
Year Built
1987
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: May 14
Changed: Oct 27
Last Checked: Oct 26 at 3:11PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 1,083-square-foot, two-level residential property has 2 bedrooms and 2.5 bathrooms, with the bedrooms set apart from the main living area. The kitchen has been renovated, and the living room includes a fireplace and access to a newly completed balcony. The primary bedroom features a walk-in closet and private full bathroom; the second bedroom is also upstairs. A powder room is located on the main level.
Built in 1987, the property is in Rockville, Maryland, near shopping, dining, parks and major commuter routes. The layout combines separate bedroom and living areas with private outdoor space.
Built in 1987, the property is in Rockville, Maryland, near shopping, dining, parks and major commuter routes. The layout combines separate bedroom and living areas with private outdoor space.
Key Highlights
- 2‑bedroom, 2.5‑bath layout across two levels
- 1,083 square feet
- Renovated kitchen and living room fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,882
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,640
$357.6K
Cap Rate 7%
$255,457
$255.5K
Cap Rate 9%
$198,689
$198.7K
Market Conditions
NOI Build-Up for 1,083 SF
Gross rent
$35.0K $32.28/SF
− Vacancy
−$2.4K −$2.26/SF
EGI
$32.5K $30.02/SF
− OpEx
−$14.6K −$13.51/SF
NOI
$17.9K $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%
$357,640
Cap Rate 7%
$255,457
Cap Rate 9%
$198,689
Alternative Uses
Best Use
Apartment 5plus
$255.5K
$223.5K – $298.0K
NOI $17,882 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$381.0K
$333.4K – $444.5K
NOI $26,668 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,321
Businesses Nearby
Explore this area
Business Placement
Demographics for 20852, MD
48,347
Population
23,023
Households
2.1
Avg Household Size
38
Median Age
74%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,969
Density / Sq Mi
$121,496
Median Household Income
$74,519
Median Earnings
$2,212
Median Rent
$646,100
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A renovated kitchen, fireplace and two-level layout complement the 2-bedroom, 2.5-bath floor plan.
Where is this residential income property located?
The property is located at 5716 CHAPMAN MILL DRIVE Unit 150 Rockville, MD.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2‑bedroom, 2.5‑bath layout across two levels; 1,083 square feet; Renovated kitchen and living room fireplace
