Two-Bedroom Residential
For Sale
$499,900
9405 BLACKWELL ROAD Unit 309, Rockville, MD 20850
The 1,400-square-foot residence includes a private balcony, fireplace, elevator access, and secure building entry.
Property Size1,400 SF
Price / SF$357.07
Days on Market47
Property Features for 9405 BLACKWELL ROAD Unit 309
General Information
Standard status
Active
Size
1,400 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,386
Amenities
fireplace
private balcony
secure building access
Hilton indoor pool
Hilton fitness center
clubhouse
outdoor pool
fitness center
Building Details
Building Size
1,400 SF
Year Built
2004
Listing Agency:
Gallery Collective
Listed By:
Thomas Mathis
(301) 245-2659
Source:
Gallerycollectivere
Added: Sep 12
Changed: Oct 27
Last Checked: Oct 27 at 3:35AM
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 Gallery Collective
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Investment Insights
Based on property information with market context.
This 1,400-square-foot condominium has two bedrooms and two full bathrooms, with an open living and kitchen area, breakfast bar, granite countertops, and stainless steel appliances. A fireplace anchors the living space, while a private balcony adds outdoor area. The primary bedroom includes a walk-in closet and en-suite bath with dual sinks, a soaking tub, and separate shower. Built in 2004, the unit is in a building with elevator service and secure entry.
Community parking includes a gated resident lot on a first-come, first-served basis, along with street parking. Walking trails, a park, playground, and Thomas Farm Community Center are across the road. Community amenities include a clubhouse, outdoor pool, and fitness center; residents also have access to an indoor pool and fitness center at a nearby Hilton. Fallsgrove Village Shopping Center, I-270, Route 355, and Shady Grove Metro are a short drive away.
Community parking includes a gated resident lot on a first-come, first-served basis, along with street parking. Walking trails, a park, playground, and Thomas Farm Community Center are across the road. Community amenities include a clubhouse, outdoor pool, and fitness center; residents also have access to an indoor pool and fitness center at a nearby Hilton. Fallsgrove Village Shopping Center, I-270, Route 355, and Shady Grove Metro are a short drive away.
Key Highlights
- 1,400‑square‑foot, two‑bedroom, two‑bath condominium
- Built in 2004
- Private balcony and fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,116
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,320
$462.3K
Cap Rate 7%
$330,229
$330.2K
Cap Rate 9%
$256,844
$256.8K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$45.2K $32.28/SF
− Vacancy
−$3.2K −$2.26/SF
EGI
$42.0K $30.02/SF
− OpEx
−$18.9K −$13.51/SF
NOI
$23.1K $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%
$462,320
Cap Rate 7%
$330,229
Cap Rate 9%
$256,844
Alternative Uses
Best Use
Apartment 5plus
$330.2K
$289.0K – $385.3K
NOI $23,116 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$492.5K
$430.9K – $574.6K
NOI $34,474 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,597
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 - The 1,400-square-foot residence includes a private balcony, fireplace, elevator access, and secure building entry.
Where is this residential income property located?
The property is located at 9405 BLACKWELL ROAD Unit 309 Rockville, MD.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1,400‑square‑foot, two‑bedroom, two‑bath condominium; Built in 2004; Private balcony and fireplace
