Top-Floor Residential
For Sale
$375,000
806 AMBER TREE COURT Unit 806-303, Gaithersburg, MD 20878
Updated kitchen and an enclosed seasonal balcony complement the upper-level layout.
Property Size1,335 SF
Price / SF$280.90
Days on Market75
Property Features for 806 AMBER TREE COURT Unit 806-303
General Information
Standard status
Active
Size
1,335 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,376
Amenities
parks
walking paths
community clubhouse
pool
tennis courts
basketball courts
tot lots
Building Details
Building Size
1,335 SF
Year Built
1989
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Hazel J Pagan-Bullock · License #92673
(301) 908-6767
Source:
Signaturemoverealestate
Added: Aug 22
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
The upper-level residence offers 1,335 square feet with three bedrooms and two-and-a-half baths. Updated en suite bathrooms serve the bedrooms, while the kitchen includes granite counters, stainless steel KitchenAid appliances, and an eat-in area. Hardwood flooring spans the living and dining rooms, and the living room has a cathedral ceiling. An enclosed three-season balcony adds a separate sitting area.
Key Highlights
- Top‑floor unit with 1,335 square feet
- Three bedrooms and 2 1/2 baths, including updated en suite bathrooms
- Enclosed 3‑season balcony facing cherry trees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,042
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,840
$440.8K
Cap Rate 7%
$314,886
$314.9K
Cap Rate 9%
$244,911
$244.9K
Market Conditions
NOI Build-Up for 1,335 SF
Gross rent
$43.1K $32.28/SF
− Vacancy
−$3.0K −$2.26/SF
EGI
$40.1K $30.02/SF
− OpEx
−$18.0K −$13.51/SF
NOI
$22.0K $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%
$440,840
Cap Rate 7%
$314,886
Cap Rate 9%
$244,911
Alternative Uses
Best Use
Apartment 5plus
$314.9K
$275.5K – $367.4K
NOI $22,042 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$469.6K
$410.9K – $547.9K
NOI $32,874 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Explore this area
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 - Updated kitchen and an enclosed seasonal balcony complement the upper-level layout.
Where is this residential income property located?
The property is located at 806 AMBER TREE COURT Unit 806-303 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Top‑floor unit with 1,335 square feet; Three bedrooms and 2 1/2 baths, including updated en suite bathrooms; Enclosed 3‑season balcony facing cherry trees
