Three-Bedroom Residential Income
For Sale
$575,000
Pending
801 RESERVE CHAMPION DR #304, Rockville, MD 20850
ROCKVILLE, MD
Property Size1,800 SF
Days on Market36
Property Features for 801 RESERVE CHAMPION DR #304
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3
Subdivision
KING FARM
Elementary school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Middle school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
High school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Standard status
Pending
Amenities
swimming pools
tennis
pickleball
dog park
ball field
basketball
playground
parks
shuttle to metro
washer/dryer
Building Details
Year built
2003
Listing Agency:
Potomac Village
(301) 299-6000
Listed By:
Michelle Lebling Camp
Added: Jul 23
Changed: Aug 26
Last Checked: Aug 27 at 10:06PM
MLS# MDMC2244444
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2003 residential income property is a three-bedroom, two-bath condominium with nearly 1,800 square feet of interior space. The layout includes an open living and dining arrangement, a kitchen with a center island, breakfast bar, pantry closet, and full equipment package, plus a laundry closet with full-size washer and dryer. Updated features include the primary bathroom and LVP flooring, while classic moldings add architectural detail. An attached one-car garage and one additional driveway parking space are included.
The property is located in King Farm, within walking distance of King Farm Village Center. The center includes restaurants, shopping, two swimming pools, tennis, pickleball, a dog park, ball field, basketball, playground, and parks. A free shuttle connects the community with the nearby Shady Grove Metro station.
The property is located in King Farm, within walking distance of King Farm Village Center. The center includes restaurants, shopping, two swimming pools, tennis, pickleball, a dog park, ball field, basketball, playground, and parks. A free shuttle connects the community with the nearby Shady Grove Metro station.
Key Highlights
- Three‑bedroom, two‑bath condominium with nearly 1,800 square feet
- Attached one‑car garage plus one additional driveway parking space
- Open floor plan with living room, dining room, kitchen, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,720
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$594,400
$594.4K
Cap Rate 7%
$424,571
$424.6K
Cap Rate 9%
$330,222
$330.2K
Market Conditions
NOI Build-Up for 1,800 SF
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.
Gross rent
$58.1K $32.28/SF
− Vacancy
−$4.1K −$2.26/SF
EGI
$54.0K $30.02/SF
− OpEx
−$24.3K −$13.51/SF
NOI
$29.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$594,400
Cap Rate 7%
$424,571
Cap Rate 9%
$330,222
Alternative Uses
Best Use
Apartment 5plus
$424.6K
$371.5K – $495.3K
NOI $29,720 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$633.2K
$554.1K – $738.7K
NOI $44,324 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,068
Businesses Nearby
Explore this area
Business Placement
Demographics for 20850, MD
51,045
Population
22,468
Households
2.3
Avg Household Size
41
Median Age
67%
College-Educated
94%
High-School Grad
14.1 sq mi
ZIP Area
3,620
Density / Sq Mi
$122,691
Median Household Income
$77,679
Median Earnings
$2,277
Median Rent
$687,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Nearly 1,800 square feet with a garage, driveway parking, updated bath, and open living areas.
Where is this residential income property located?
The property is located at 801 RESERVE CHAMPION DR #304 Rockville, MD.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bath condominium with nearly 1,800 square feet; Attached one‑car garage plus one additional driveway parking space; Open floor plan with living room, dining room, kitchen, and breakfast bar
