One-Bedroom Residential Income
For Sale
$184,900
7909 CORIANDER DRIVE Unit 103, Gaithersburg, MD 20879
Garden-style apartment with assigned parking and access to shared recreational facilities and maintained community grounds.
Property Size783 SF
Days on Market20
Property Features for 7909 CORIANDER DRIVE Unit 103
General Information
Standard status
Active
Size
783 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,100
Amenities
community pool
basketball courts
tennis courts
jogging paths
playground
community center
Building Details
Building Size
783 SF
Year Built
1987
Construction
garden-style
Listing Agency:
McWilliams/Ballard Inc.
Listed By:
Brenda C Moreno · License #620111
(202) 297-7610
Source:
Thehulsmangroup
Added: Sep 17
Changed: Oct 3
Last Checked: Oct 6 at 12:35AM
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.
Investment Insights
Based on property information with market context.
This 1-bedroom, 1-bath garden-style apartment is located in the Willow Wood community in Gaithersburg, Maryland. The residence features traditional brick construction and is part of a planned community with shared recreational and social amenities.
Residents have access to a community pool, basketball and tennis courts, jogging paths, a playground, and a community center. Assigned parking is provided, while association services include lawn maintenance and snow removal. The property was built in 1987 and is located near schools.
Residents have access to a community pool, basketball and tennis courts, jogging paths, a playground, and a community center. Assigned parking is provided, while association services include lawn maintenance and snow removal. The property was built in 1987 and is located near schools.
Key Highlights
- 1‑bedroom, 1‑bath garden‑style apartment
- Located in Willow Wood at 7909 CORIANDER DRIVE Unit: 103, GAITHERSBURG, MD 20879
- Community pool, basketball court, tennis court, jogging paths, playground, and community center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,928
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,560
$258.6K
Cap Rate 7%
$184,686
$184.7K
Cap Rate 9%
$143,644
$143.6K
Market Conditions
NOI Build-Up for 783 SF
Gross rent
$25.3K $32.28/SF
− Vacancy
−$1.8K −$2.26/SF
EGI
$23.5K $30.02/SF
− OpEx
−$10.6K −$13.51/SF
NOI
$12.9K $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%
$258,560
Cap Rate 7%
$184,686
Cap Rate 9%
$143,644
Alternative Uses
Best Use
Apartment 5plus
$184.7K
$161.6K – $215.5K
NOI $12,928 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$275.4K
$241.0K – $321.4K
NOI $19,281 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
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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Frequently Asked Questions
What type of property is this?
Residential income property - Garden-style apartment with assigned parking and access to shared recreational facilities and maintained community grounds.
Where is this residential income property located?
The property is located at 7909 CORIANDER DRIVE Unit 103 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: 1‑bedroom, 1‑bath garden‑style apartment; Located in Willow Wood at 7909 CORIANDER DRIVE Unit: 103, GAITHERSBURG, MD 20879; Community pool, basketball court, tennis court, jogging paths, playground, and community center
