Two-Story Residential Income
For Sale
$549,990
91 CENTRAL AVENUE, Gaithersburg, MD 20877
Townhome-style condominium with an attached garage, open living areas, and a flexible upper-level bedroom or loft arrangement.
Property Size1,581 SF
Price / SF$347.87
Days on Market128
Property Features for 91 CENTRAL AVENUE
General Information
Standard status
Active
Size
1,581 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Building Details
Building Size
1,581 SF
Year Built
2026
Stories
2
Listing Agency:
Keller Williams Realty Centre
Listed By:
Nickolaus B Waldner · License #589020
(443) 579-1516
Source:
Kerishull
Added: Jun 16
Changed: Oct 17
Last Checked: Oct 21 at 6:56AM
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
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Investment Insights
Based on property information with market context.
This 1,581-square-foot residential income property is configured as a lower-level, two-story townhome-style condominium with a one-car garage. The main level combines an open kitchen and great room, with cabinetry, designer tile backsplash, quartz countertops, pendant lighting, and Whirlpool stainless steel appliances. A powder room is positioned near the living area for convenience.
Upstairs, the layout includes a laundry room and a flexible arrangement offering either three bedrooms or two bedrooms with a loft. The primary suite features a walk-in closet and a private bath with dual sinks, quartz countertops, a separate water closet, and a large walk-in shower. Built in 2026, the property is located at 91 Central Avenue in Gaithersburg, Maryland.
Upstairs, the layout includes a laundry room and a flexible arrangement offering either three bedrooms or two bedrooms with a loft. The primary suite features a walk-in closet and a private bath with dual sinks, quartz countertops, a separate water closet, and a large walk-in shower. Built in 2026, the property is located at 91 Central Avenue in Gaithersburg, Maryland.
Key Highlights
- 1,581‑square‑foot two‑story townhome‑style condominium
- One‑car attached garage
- Open kitchen with quartz countertops and Whirlpool stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,104
Cap Rate
4.75%
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 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$556.2K
$486.6K – $648.9K
NOI $38,931 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
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
Frequently Asked Questions
What type of property is this?
Residential income property - Townhome-style condominium with an attached garage, open living areas, and a flexible upper-level bedroom or loft arrangement.
Where is this residential income property located?
The property is located at 91 CENTRAL AVENUE Gaithersburg, MD.
What is the asking price?
The asking price for this property is $549,990.
What are key features of this property?
This property features: 1,581‑square‑foot two‑story townhome‑style condominium; One‑car attached garage; Open kitchen with quartz countertops and Whirlpool stainless steel appliances
