Residential Income Property with Pool
For Sale
$1,035,000
Pending
9403 BLACKWELL Unit 301, Rockville, MD 20850
Three-bedroom condominium residence with upgraded kitchen, private garages, community recreation, and dedicated storage.
Property Size3,078 SF
Days on Market58
Property Features for 9403 BLACKWELL Unit 301
General Information
Standard status
Pending
Size
3,078 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$10,925
Amenities
pool
tennis courts
clubhouse
fitness center
Building Details
Building Size
3,078 SF
Year Built
2003
Listing Agency:
Abaris Realty, Inc.
Listed By:
Glenn J Loveland · License #588566
(240) 247-7269
Source:
Kerishull
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 30 at 10:06PM
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 Abaris Realty, Inc.
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Investment Insights
Based on property information with market context.
This 3,078-square-foot residential income property is a condominium unit built in 2003 with a traditional layout and three bedrooms. The interior includes spacious living areas, a fireplace, electric window shades, plantation shutters in the primary suite, and a renovated en-suite bathroom. The kitchen is equipped with a GE Cafe induction cooktop, Fisher & Paykel double-drawer dishwasher, GE Monogram speed cooker, Viking double wall oven, custom cabinetry, and substantial counter space. A dedicated laundry area adds a state-of-the-art washer and dryer, extra refrigerator, mud sink, pantry, and cabinetry.
The unit includes two large side-by-side garages, additional storage space, and a separate storage unit. Community amenities include a pool, tennis courts, clubhouse, fitness center, and maintained common grounds. The association handles common-area maintenance, lawn care, and snow removal. Security features include an electric alarm system, smoke detectors, and an indoor sprinkler system.
The unit includes two large side-by-side garages, additional storage space, and a separate storage unit. Community amenities include a pool, tennis courts, clubhouse, fitness center, and maintained common grounds. The association handles common-area maintenance, lawn care, and snow removal. Security features include an electric alarm system, smoke detectors, and an indoor sprinkler system.
Key Highlights
- 3,078‑square‑foot condominium unit built in 2003
- Three bedrooms with a renovated primary en‑suite bathroom
- Kitchen with GE Cafe, Fisher & Paykel, GE Monogram, and Viking appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,822
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,440
$1.0M
Cap Rate 7%
$726,029
$726.0K
Cap Rate 9%
$564,689
$564.7K
Market Conditions
NOI Build-Up for 3,078 SF
Gross rent
$99.4K $32.28/SF
− Vacancy
−$7.0K −$2.26/SF
EGI
$92.4K $30.02/SF
− OpEx
−$41.6K −$13.51/SF
NOI
$50.8K $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%
$1,016,440
Cap Rate 7%
$726,029
Cap Rate 9%
$564,689
Alternative Uses
Best Use
Apartment 5plus
$726.0K
$635.3K – $847.0K
NOI $50,822 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.08M
$947.4K – $1.26M
NOI $75,794 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3,462
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom condominium residence with upgraded kitchen, private garages, community recreation, and dedicated storage.
Where is this residential income property located?
The property is located at 9403 BLACKWELL Unit 301 Rockville, MD.
What is the asking price?
The asking price for this property is $1,035,000.
What are key features of this property?
This property features: 3,078‑square‑foot condominium unit built in 2003; Three bedrooms with a renovated primary en‑suite bathroom; Kitchen with GE Cafe, Fisher & Paykel, GE Monogram, and Viking appliances
