Two-Bedroom Residential
804 GRAND CHAMPION DRIVE Unit 10-303, Rockville, MD 20850
For Sale
$469,900
The 1,468-square-foot residence has two full bathrooms, updated kitchen appliances, and a natural-gas HVAC system installed in 2025.
Property Size1,468 SF
Price / SF$320.10
Days on Market65
Property Features for 804 GRAND CHAMPION DRIVE Unit 10-303
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Foraker Realty Co.
Listed By:
Ned Bates · License #5015395
(302) 898-3480
Source:
Signaturemoverealestate
Added: Sep 4
Changed: Nov 1
Last Checked: Nov 7 at 10:11AM
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 Foraker Realty Co.
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium in King Farm offers 1,468 square feet of living space. Interior features include hardwood floors, high ceilings, combined living and dining areas, a walk-in closet, and a kitchen equipped with new stainless-steel appliances. The bathrooms include a soaking tub and walk-in showers. A natural-gas HVAC system was installed in 2025, and the water heater was replaced a few years ago.
Built in 2001, the residence is approximately 0.6 mile from Shady Grove Metro station on the Red Line. Restaurants, shopping, healthcare, parks, and neighborhood services are described as nearby, with some destinations accessible on foot.
Built in 2001, the residence is approximately 0.6 mile from Shady Grove Metro station on the Red Line. Restaurants, shopping, healthcare, parks, and neighborhood services are described as nearby, with some destinations accessible on foot.
Key Highlights
- 1,468‑square‑foot condominium with two bedrooms and two full bathrooms
- Natural‑gas HVAC system installed in 2025; water heater replaced a few years ago
- New stainless‑steel kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,238
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,760
$484.8K
Cap Rate 7%
$346,257
$346.3K
Cap Rate 9%
$269,311
$269.3K
Market Conditions
NOI Build-Up for 1,468 SF
Gross rent
$47.4K $32.28/SF
− Vacancy
−$3.3K −$2.26/SF
EGI
$44.1K $30.02/SF
− OpEx
−$19.8K −$13.51/SF
NOI
$24.2K $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%
$484,760
Cap Rate 7%
$346,257
Cap Rate 9%
$269,311
Alternative Uses
Best Use
Apartment 5plus
$346.3K
$303.0K – $404.0K
NOI $24,238 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$516.4K
$451.9K – $602.5K
NOI $36,149 @ 7.0% cap · market cap 7.69%
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
1,164
Businesses Nearby
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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
$687,200
Median Home Value
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Market
Average Price Trend$/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 1,468-square-foot residence has two full bathrooms, updated kitchen appliances, and a natural-gas HVAC system installed in 2025.
Where is this residential income property located?
The property is located at 804 GRAND CHAMPION DRIVE Unit 10-303 Rockville, MD.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: 1,468‑square‑foot condominium with two bedrooms and two full bathrooms; Natural‑gas HVAC system installed in 2025; water heater replaced a few years ago; New stainless‑steel kitchen appliances
