2-Bedroom Residential Income
For Sale
$325,000
802 AMBER TREE COURT Unit 104, Gaithersburg, MD 20878
A ground-level condo offers two private bedroom suites, custom storage, and direct, step-free access to its balcony.
Property Size1,153 SF
Price / SF$281.87
Days on Market35
Property Features for 802 AMBER TREE COURT Unit 104
General Information
Standard status
Active
Size
1,153 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,665
Amenities
parks
walking paths
community pool
tennis courts
Building Details
Building Size
1,153 SF
Year Built
1989
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Michael Corsetty
(240) 778-9672
Source:
Signaturemoverealestate
Added: Oct 1
Changed: Oct 31
Last Checked: Nov 3 at 8:46AM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 1,153-square-foot, ground-level condo was built in 1989 and has two bedrooms, each with a private full bathroom, plus a powder room. Custom cabinetry and shelving add storage throughout, including a built-in desk in the living and office area. The kitchen has appliances replaced less than two years ago; the water heater was installed in 2026, and the HVAC system is regularly maintained. A sidewalk connects the parking area to the balcony entrance without steps.
The Gaithersburg community includes three parks with walking paths, a pool, tennis courts, and nearby ponds and streams. RIO, Downtown Crown, Kentlands, Travilah, and Quince Orchard are approximately a five-minute drive away. I-270 and Route 200/ICC provide regional commuter routes.
The Gaithersburg community includes three parks with walking paths, a pool, tennis courts, and nearby ponds and streams. RIO, Downtown Crown, Kentlands, Travilah, and Quince Orchard are approximately a five-minute drive away. I-270 and Route 200/ICC provide regional commuter routes.
Key Highlights
- 1,153 square feet; built in 1989
- Two bedrooms, each with a private full bathroom, plus a powder room
- Ground‑level access with a sidewalk from the parking area to the private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,037
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,740
$380.7K
Cap Rate 7%
$271,957
$272.0K
Cap Rate 9%
$211,522
$211.5K
Market Conditions
NOI Build-Up for 1,153 SF
Gross rent
$37.2K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.6K $30.02/SF
− OpEx
−$15.6K −$13.51/SF
NOI
$19.0K $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%
$380,740
Cap Rate 7%
$271,957
Cap Rate 9%
$211,522
Alternative Uses
Best Use
Apartment 5plus
$272.0K
$238.0K – $317.3K
NOI $19,037 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$405.6K
$354.9K – $473.2K
NOI $28,392 @ 7.0% cap · market cap 8.74%
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
563
Businesses Nearby
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Business Placement
Demographics for 20878, MD
65,990
Population
25,297
Households
2.6
Avg Household Size
40
Median Age
70%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
3,235
Density / Sq Mi
$142,062
Median Household Income
$76,026
Median Earnings
$2,188
Median Rent
$675,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A ground-level condo offers two private bedroom suites, custom storage, and direct, step-free access to its balcony.
Where is this residential income property located?
The property is located at 802 AMBER TREE COURT Unit 104 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,153 square feet; built in 1989; Two bedrooms, each with a private full bathroom, plus a powder room; Ground‑level access with a sidewalk from the parking area to the private balcony
