One-Bedroom Residential Income
7903 CORIANDER DRIVE Unit 202, Gaithersburg, MD 20879
For Sale
$174,900
The unit features an open living and dining layout, in-unit laundry, assigned parking, and access to multiple community amenities.
Property Size783 SF
Price / SF$225.97
Days on Market53
Property Features for 7903 CORIANDER DRIVE Unit 202
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer and dryer
outdoor pool
tennis courts
basketball courts
jog/walk paths
community center
assigned parking
Building Details
Building Size
Year Built
Construction
Listing Agency:
McWilliams/Ballard Inc.
Listed By:
Brenda C Moreno · License #620111
(202) 297-7610
Source:
Thehulsmangroup
Added: Sep 17
Changed: Nov 7
Last Checked: Nov 8 at 11:53AM
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 McWilliams/Ballard Inc.
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Investment Insights
Based on property information with market context.
Located at 7903 Coriander Drive, Unit 202, this 774-square-foot residential income property offers one bedroom and a layout that connects the living and dining areas. The unit has a traditional architectural style, brick exterior, abundant natural light, and an in-unit washer and dryer. Assigned parking is included, while maintenance services are covered through the association fee.
Built in 1987, the property is situated in the Willow Wood community in Gaithersburg, Maryland. Residents have access to an outdoor pool, tennis courts, basketball courts, jog and walk paths, and a community center. The combination of a defined residential layout and shared recreational amenities provides a practical option for an income-property buyer seeking a condominium-style unit.
Built in 1987, the property is situated in the Willow Wood community in Gaithersburg, Maryland. Residents have access to an outdoor pool, tennis courts, basketball courts, jog and walk paths, and a community center. The combination of a defined residential layout and shared recreational amenities provides a practical option for an income-property buyer seeking a condominium-style unit.
Key Highlights
- 774‑square‑foot one‑bedroom unit at 7903 Coriander Drive, Unit 202
- Traditional architectural style with brick exterior
- Open living and dining areas with abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,780
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,600
$255.6K
Cap Rate 7%
$182,571
$182.6K
Cap Rate 9%
$142,000
$142.0K
Market Conditions
NOI Build-Up for 774 SF
Gross rent
$25.0K $32.28/SF
− Vacancy
−$1.7K −$2.26/SF
EGI
$23.2K $30.02/SF
− OpEx
−$10.5K −$13.51/SF
NOI
$12.8K $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%
$255,600
Cap Rate 7%
$182,571
Cap Rate 9%
$142,000
Alternative Uses
Best Use
Apartment 5plus
$182.6K
$159.8K – $213.0K
NOI $12,780 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$272.3K
$238.2K – $317.7K
NOI $19,059 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
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Business Placement
Demographics for 20879, MD
26,176
Population
9,008
Households
2.9
Avg Household Size
37
Median Age
42%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,044
Density / Sq Mi
$105,109
Median Household Income
$49,269
Median Earnings
$1,895
Median Rent
$433,500
Median Home Value
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Market
Average Price Trend$/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 unit features an open living and dining layout, in-unit laundry, assigned parking, and access to multiple community amenities.
Where is this residential income property located?
The property is located at 7903 CORIANDER DRIVE Unit 202 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: 774‑square‑foot one‑bedroom unit at 7903 Coriander Drive, Unit 202; Traditional architectural style with brick exterior; Open living and dining areas with abundant natural light
