Move-In Ready 2BR
754 Quince Orchard Boulevard Gaithersburg, MD 20878
754 Quince Orchard Boulevard, Gaithersburg, MD, 20878
$199,900
For Sale
$199,900
Updated 2-bedroom, 1-bath condo with HVAC included in condo fee and utilities handled through the monthly association charge.
Property Size1,009 SF
Price / SF$198.12
Days on Market10
Property Features for 754 Quince Orchard Boulevard
General Information
- Standard status
- Active
- Size
- 1,009 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1967
Listing agency
REMAX Platinum Realty
(301) 442-6991
Listed by
Martin H Resnick · License #29767
(301) 442-6991
Source
Compass
Added: Jul 12 Updated: Jul 21 at 11:22AM Checked: Jul 21 at 11:22AM
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 REMAX Platinum Realty
Investment Insights
Based on property information with market context.
Freshly updated and move-in ready, this 2-bedroom, 1-full-bath condo is designed for low-maintenance living. The HVAC system is included in the condo fee, and there are no separate gas, electric, or water bills, helping keep monthly costs more predictable. The unit is available with a vacant lock box at the front door.
The condo fee covers electric, water, sewer, trash removal, snow removal, pool access, and roof maintenance. The property is located in Gaithersburg within city limits in Montgomery County.
With these services included through the association, the home offers a straightforward ownership setup for anyone seeking a condo-style residence with defined monthly responsibilities.
The condo fee covers electric, water, sewer, trash removal, snow removal, pool access, and roof maintenance. The property is located in Gaithersburg within city limits in Montgomery County.
With these services included through the association, the home offers a straightforward ownership setup for anyone seeking a condo-style residence with defined monthly responsibilities.
Key Highlights
- Updated 2‑bedroom, 1‑bath condo with move‑in ready presentation
- Condo fee includes all utilities: electric, water, sewer, and trash removal (no separate gas, electric, or water bills)
- HVAC system included in the condo fee
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.6k | $32.28 |
| − Vacancy | −$2.3k | −$2.26 |
| EGI | $30.3k | $30.02 |
| − OpEx | −$13.6k | −$13.51 |
| NOI | $16.7k | $16.51 |
1,009 SF · lease $32.28/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$238.0K
$208.3K – $277.7K
NOI $16,660 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$354.9K
$310.6K – $414.1K
NOI $24,846 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Updated 2-bedroom, 1-bath condo with HVAC included in condo fee and utilities handled through the monthly association charge.
Where is this residential income property located?
The property is located at 754 Quince Orchard Boulevard Gaithersburg, MD.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Updated 2‑bedroom, 1‑bath condo with move‑in ready presentation; Condo fee includes all utilities: electric, water, sewer, and trash removal (no separate gas, electric, or water bills); HVAC system included in the condo fee
