Residential Income Property with
858 COLLEGE PARKWAY Unit 858-20, Rockville, MD 20850
For Sale
$285,000
Pending
Top-floor condo with a renovated kitchen, a den, and access to community recreation amenities.
Property Size999 SF
Days on Market142
Property Features for 858 COLLEGE PARKWAY Unit 858-20
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
picnic and grilling areas
playground
laundry facilities
balcony
assigned storage unit
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Realty Group
Listed By:
Nawal Tahri-Joutey · License #640765
(301) 366-9890
Source:
Signaturemoverealestate
Added: Jun 20
Changed: Oct 31
Last Checked: Nov 8 at 10:12AM
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 RE/MAX Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This top-floor condo includes two bedrooms, one and a half bathrooms, and a separate office or den. The kitchen has been renovated with quartz countertops and stainless steel appliances; the unit also features updated HVAC, crown molding, fresh paint, a walk-in closet, and a balcony. A large assigned storage unit is included, and in-unit washer and dryer installation is permitted.
Key Highlights
- Two bedrooms and 1.5 bathrooms, plus a separate office or den
- Renovated kitchen with quartz countertops and stainless steel appliances
- Top‑floor unit with a balcony and assigned storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,495
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,900
$329.9K
Cap Rate 7%
$235,643
$235.6K
Cap Rate 9%
$183,278
$183.3K
Market Conditions
NOI Build-Up for 999 SF
Gross rent
$32.2K $32.28/SF
− Vacancy
−$2.3K −$2.26/SF
EGI
$30.0K $30.02/SF
− OpEx
−$13.5K −$13.51/SF
NOI
$16.5K $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%
$329,900
Cap Rate 7%
$235,643
Cap Rate 9%
$183,278
Alternative Uses
Best Use
Apartment 5plus
$235.6K
$206.2K – $274.9K
NOI $16,495 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$351.4K
$307.5K – $410.0K
NOI $24,600 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
883
Businesses Nearby
Explore this area
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
$687,200
Median Home Value
Market
Average Price Trend$/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 - Top-floor condo with a renovated kitchen, a den, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 858 COLLEGE PARKWAY Unit 858-20 Rockville, MD.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two bedrooms and 1.5 bathrooms, plus a separate office or den; Renovated kitchen with quartz countertops and stainless steel appliances; Top‑floor unit with a balcony and assigned storage
