Residential Income Property with
For Sale
$450,000
Pending
5822 INMAN PARK CIRCLE Unit 130, Rockville, MD 20852
This condominium combines private outdoor space with three full bathrooms and access to shared recreation amenities.
Property Size1,288 SF
Days on Market38
Property Features for 5822 INMAN PARK CIRCLE Unit 130
General Information
Standard status
Pending
Size
1,288 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,024
Amenities
private balcony
in-unit laundry
outdoor pools
tennis courts
fitness and recreation spaces
walking paths
playgrounds
community gathering areas
pet friendly
Building Details
Building Size
1,288 SF
Year Built
1987
Listing Agency:
RLAH @properties
Listed By:
Lise Courtney M Howe · License #20850
(240) 401-5577
Source:
Canopy-re
Added: Sep 24
Changed: Oct 27
Last Checked: Oct 26 at 12:25PM
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 RLAH @properties
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Investment Insights
Based on property information with market context.
This 1,288-square-foot condominium has three bedrooms and three full bathrooms. Hardwood flooring runs through the living and dining areas, while large windows bring in natural light. The kitchen has stainless steel appliances and cabinet and counter space, with a connection to the dining area. A private balcony, in-unit laundry, and two assigned parking spaces are also included. Built in 1987, the property is offered as is.
The Gables on Tuckerman community has outdoor pools, tennis courts, fitness and recreation spaces, walking paths, playgrounds, and gathering areas. Grosvenor-Strathmore Metro and The Music Center at Strathmore are nearby, along with parks, shops, restaurants, and coffee options. I-495, I-270, and Rockville Pike are accessible from the area.
The Gables on Tuckerman community has outdoor pools, tennis courts, fitness and recreation spaces, walking paths, playgrounds, and gathering areas. Grosvenor-Strathmore Metro and The Music Center at Strathmore are nearby, along with parks, shops, restaurants, and coffee options. I-495, I-270, and Rockville Pike are accessible from the area.
Key Highlights
- Three bedrooms and three full bathrooms in 1,288 square feet
- Two assigned parking spaces and in‑unit laundry
- Private balcony; hardwood floors in the living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,266
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,320
$425.3K
Cap Rate 7%
$303,800
$303.8K
Cap Rate 9%
$236,289
$236.3K
Market Conditions
NOI Build-Up for 1,288 SF
Gross rent
$41.6K $32.28/SF
− Vacancy
−$2.9K −$2.26/SF
EGI
$38.7K $30.02/SF
− OpEx
−$17.4K −$13.51/SF
NOI
$21.3K $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%
$425,320
Cap Rate 7%
$303,800
Cap Rate 9%
$236,289
Alternative Uses
Best Use
Apartment 5plus
$303.8K
$265.8K – $354.4K
NOI $21,266 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$453.1K
$396.5K – $528.6K
NOI $31,716 @ 7.0% cap · market cap 7.05%
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
1,005
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 - This condominium combines private outdoor space with three full bathrooms and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 5822 INMAN PARK CIRCLE Unit 130 Rockville, MD.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three bedrooms and three full bathrooms in 1,288 square feet; Two assigned parking spaces and in‑unit laundry; Private balcony; hardwood floors in the living and dining areas
