Residential Income Property with
New
For Sale
$253,900
8205 WHISPERING OAKS WAY Unit 301, Gaithersburg, MD 20879
A two-bedroom, two-bathroom condo includes in-unit laundry and a dedicated parking space.
Property Size1,037 SF
Days on Market6
Property Features for 8205 WHISPERING OAKS WAY Unit 301
General Information
Standard status
Active
Size
1,037 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,568
Amenities
balcony
in-unit washer/dryer
storage/utility room
Building Details
Building Size
1,037 SF
Year Built
1986
Listing Agency:
NetRealtyNow.com, LLC
Listed By:
Thomas S Hennerty · License #5092
(703) 581-8605
Source:
Thehulsmangroup
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 4 at 2:00PM
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 NetRealtyNow.com, LLC
Investment Insights
Based on property information with market context.
This third-floor, two-bedroom condo has two full bathrooms and an open layout connecting the kitchen and living area. The bathroom has been renovated, and the unit features new appliances and an in-unit washer and dryer. A private balcony extends the living area and includes an attached storage and utility room.
Built in 1986, the property also comes with a private parking space.
Built in 1986, the property also comes with a private parking space.
Key Highlights
- Two bedrooms and two full bathrooms
- Third‑floor condo with an open kitchen and living area
- Renovated bathroom and new appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,122
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,440
$342.4K
Cap Rate 7%
$244,600
$244.6K
Cap Rate 9%
$190,244
$190.2K
Market Conditions
NOI Build-Up for 1,037 SF
Gross rent
$33.5K $32.28/SF
− Vacancy
−$2.3K −$2.26/SF
EGI
$31.1K $30.02/SF
− OpEx
−$14.0K −$13.51/SF
NOI
$17.1K $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%
$342,440
Cap Rate 7%
$244,600
Cap Rate 9%
$190,244
Alternative Uses
Best Use
Apartment 5plus
$244.6K
$214.0K – $285.4K
NOI $17,122 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$364.8K
$319.2K – $425.6K
NOI $25,535 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
559
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 - A two-bedroom, two-bathroom condo includes in-unit laundry and a dedicated parking space.
Where is this residential income property located?
The property is located at 8205 WHISPERING OAKS WAY Unit 301 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $253,900.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Third‑floor condo with an open kitchen and living area; Renovated bathroom and new appliances
