Two-Story Residential Income
For Sale
$599,990
83 CENTRAL AVENUE, Gaithersburg, MD 20877
Townhome-style condominium with an open kitchen, flexible upper-level layout, and attached one-car garage.
Property Size1,581 SF
Days on Market223
Property Features for 83 CENTRAL AVENUE
General Information
Standard status
Active
Size
1,581 SF
Property subtype
Unit/Flat/Apartment
Building Details
Building Size
1,581 SF
Year Built
2026
Listing Agency:
Keller Williams Realty Centre
Listed By:
Nickolaus B Waldner · License #589020
(443) 579-1516
Source:
Barnesrealestatecompany
Added: Feb 25
Changed: Oct 3
Last Checked: Oct 6 at 12:04AM
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 Keller Williams Realty Centre
Investment Insights
Based on property information with market context.
This townhome-style condominium at 83 Central Avenue offers a lower-level, two-story configuration with an attached one-car garage. The main level combines an open kitchen and great room, along with a powder room. Kitchen features include abundant cabinetry, a designer tile backsplash, quartz countertops, pendant lighting, and Whirlpool stainless steel appliances.
The upper level includes a laundry room and a flexible arrangement offering either three bedrooms or two bedrooms with a loft. The primary suite includes a walk-in closet, dual-sink vanity with quartz countertops, private water closet, and walk-in shower. The property is located in Gaithersburg, Maryland, and has a stated year built of 2026.
The upper level includes a laundry room and a flexible arrangement offering either three bedrooms or two bedrooms with a loft. The primary suite includes a walk-in closet, dual-sink vanity with quartz countertops, private water closet, and walk-in shower. The property is located in Gaithersburg, Maryland, and has a stated year built of 2026.
Key Highlights
- Two‑story townhome‑style condominium with a one‑car garage
- Open kitchen with quartz countertops, tile backsplash, and Whirlpool stainless steel appliances
- Flexible upper‑level layout with three bedrooms or two bedrooms and a loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,104
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,080
$522.1K
Cap Rate 7%
$372,914
$372.9K
Cap Rate 9%
$290,044
$290.0K
Market Conditions
NOI Build-Up for 1,581 SF
Gross rent
$51.0K $32.28/SF
− Vacancy
−$3.6K −$2.26/SF
EGI
$47.5K $30.02/SF
− OpEx
−$21.4K −$13.51/SF
NOI
$26.1K $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%
$522,080
Cap Rate 7%
$372,914
Cap Rate 9%
$290,044
Alternative Uses
Best Use
Apartment 5plus
$372.9K
$326.3K – $435.1K
NOI $26,104 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$556.2K
$486.6K – $648.9K
NOI $38,931 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Explore this area
Business Placement
Demographics for 20877, MD
37,577
Population
13,599
Households
2.8
Avg Household Size
36
Median Age
35%
College-Educated
76%
High-School Grad
5.6 sq mi
ZIP Area
6,710
Density / Sq Mi
$86,103
Median Household Income
$39,341
Median Earnings
$1,862
Median Rent
$462,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Townhome-style condominium with an open kitchen, flexible upper-level layout, and attached one-car garage.
Where is this residential income property located?
The property is located at 83 CENTRAL AVENUE Gaithersburg, MD.
What is the asking price?
The asking price for this property is $599,990.
What are key features of this property?
This property features: Two‑story townhome‑style condominium with a one‑car garage; Open kitchen with quartz countertops, tile backsplash, and Whirlpool stainless steel appliances; Flexible upper‑level layout with three bedrooms or two bedrooms and a loft
