Ground-Level Residential Income
For Sale
$425,000
7851 CODDLE HARBOR LANE, Potomac, MD 20854
Ground-floor living includes a private patio, in-unit laundry, and hardwood flooring.
Property Size754 SF
Price / SF$563.66
Days on Market15
Property Features for 7851 CODDLE HARBOR LANE
General Information
Standard status
Active
Size
754 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,628
Amenities
in-unit laundry
pet-friendly building
patio
Building Details
Building Size
754 SF
Year Built
1980
Construction
garden-style
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 16
Changed: Oct 30
Last Checked: Oct 30 at 12:00PM
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 754-square-foot, ground-level condominium in Inverness Knolls has two bedrooms and one full bathroom. Hardwood floors and recessed lighting complement an open living and dining area, with a separate family room adjoining the kitchen. A stacked washer and dryer are located inside the unit. The patio faces a wooded area, and the yard has been repaved; planting space is arranged along the fence. One assigned parking space is included, and the building permits pets.
Cabin John Shopping Center, Starbucks, and Giant are within walking distance. The property also has access to I-270 and I-495. School assignments listed for the home are Beverly Farms Elementary, Herbert Hoover Middle, and Winston Churchill High School. The building dates to 1980.
Cabin John Shopping Center, Starbucks, and Giant are within walking distance. The property also has access to I-270 and I-495. School assignments listed for the home are Beverly Farms Elementary, Herbert Hoover Middle, and Winston Churchill High School. The building dates to 1980.
Key Highlights
- 754‑square‑foot, ground‑level condominium with 2 bedrooms and 1 full bathroom
- Open living and dining area, plus a separate family room adjoining the kitchen
- Hardwood floors, recessed lighting, and stacked in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,449
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,980
$249.0K
Cap Rate 7%
$177,843
$177.8K
Cap Rate 9%
$138,322
$138.3K
Market Conditions
NOI Build-Up for 754 SF
Gross rent
$24.3K $32.28/SF
− Vacancy
−$1.7K −$2.26/SF
EGI
$22.6K $30.02/SF
− OpEx
−$10.2K −$13.51/SF
NOI
$12.4K $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%
$248,980
Cap Rate 7%
$177,843
Cap Rate 9%
$138,322
Alternative Uses
Best Use
Apartment 5plus
$177.8K
$155.6K – $207.5K
NOI $12,449 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$265.2K
$232.1K – $309.5K
NOI $18,567 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Explore this area
Business Placement
Demographics for 20854, MD
50,698
Population
17,119
Households
3
Avg Household Size
47
Median Age
86%
College-Educated
97%
High-School Grad
33.8 sq mi
ZIP Area
1,500
Density / Sq Mi
$250,001
Median Household Income
$118,028
Median Earnings
$3,180
Median Rent
$1,105,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-floor living includes a private patio, in-unit laundry, and hardwood flooring.
Where is this residential income property located?
The property is located at 7851 CODDLE HARBOR LANE Potomac, MD.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 754‑square‑foot, ground‑level condominium with 2 bedrooms and 1 full bathroom; Open living and dining area, plus a separate family room adjoining the kitchen; Hardwood floors, recessed lighting, and stacked in‑unit washer and dryer
