Residential Income Property with
591 S FREDERICK AVENUE, Gaithersburg, MD 20877
For Sale
$599,990
The two-story home includes three bedrooms, an upstairs laundry room, and a tucked-away pocket office.
Property Size2,407 SF
Price / SF$249.27
Days on Market138
Property Features for 591 S FREDERICK AVENUE
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Stories
Listing Agency:
Keller Williams Realty Centre
Listed By:
Nickolaus B Waldner · License #589020
(443) 579-1516
Source:
Gallerycollectivere
Added: Jun 24
Changed: Nov 8
Last Checked: Nov 7 at 4:09PM
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 Keller Williams Realty Centre
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Investment Insights
Based on property information with market context.
This 2,407-square-foot upper-level, two-story townhome-style condominium was built in 2026. Its three-bedroom plan places the kitchen, dining area, and great room on the main floor, with the kitchen featuring quartz counters and stainless steel appliances. A pocket office sits beside the dining area, and a back deck extends the living space outdoors.
The upper floor contains the primary suite, two additional bedrooms, a full secondary bathroom, and a laundry room with storage. The primary bathroom has dual sinks and a walk-in shower, while the suite also includes a walk-in closet.
The upper floor contains the primary suite, two additional bedrooms, a full secondary bathroom, and a laundry room with storage. The primary bathroom has dual sinks and a walk-in shower, while the suite also includes a walk-in closet.
Key Highlights
- 2,407‑square‑foot, upper‑level townhome‑style condominium
- Three bedrooms across a two‑story layout
- Kitchen with quartz countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,743
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,860
$794.9K
Cap Rate 7%
$567,757
$567.8K
Cap Rate 9%
$441,589
$441.6K
Market Conditions
NOI Build-Up for 2,407 SF
Gross rent
$77.7K $32.28/SF
− Vacancy
−$5.4K −$2.26/SF
EGI
$72.3K $30.02/SF
− OpEx
−$32.5K −$13.51/SF
NOI
$39.7K $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%
$794,860
Cap Rate 7%
$567,757
Cap Rate 9%
$441,589
Alternative Uses
Best Use
Apartment 5plus
$567.8K
$496.8K – $662.4K
NOI $39,743 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$846.7K
$740.9K – $987.9K
NOI $59,271 @ 7.0% cap · market cap 9.88%
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
701
Businesses Nearby
Explore this area
Business Placement
Demographics for 20877, MD
37,577
Population
13,599
Households
2.8
Avg Household Size
36
Median Age
35%
College-Educated
76%
High-School Grad
5.6 sq mi
ZIP Area
6,710
Density / Sq Mi
$86,103
Median Household Income
$39,341
Median Earnings
$1,862
Median Rent
$462,500
Median Home Value
Market
Average Price Trend$/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 two-story home includes three bedrooms, an upstairs laundry room, and a tucked-away pocket office.
Where is this residential income property located?
The property is located at 591 S FREDERICK AVENUE Gaithersburg, MD.
What is the asking price?
The asking price for this property is $599,990.
What are key features of this property?
This property features: 2,407‑square‑foot, upper‑level townhome‑style condominium; Three bedrooms across a two‑story layout; Kitchen with quartz countertops and stainless steel appliances
