Updated Residential Income
For Sale
$250,000
946 WINDBROOKE DRIVE Unit 946, Gaithersburg, MD 20879
Refreshed interior with newer flooring, paint, fixtures, appliances, and windows.
Property Size1,299 SF
Days on Market67
Property Features for 946 WINDBROOKE DRIVE Unit 946
General Information
Standard status
Active
Size
1,299 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,034
Building Details
Building Size
1,299 SF
Year Built
1985
Listing Agency:
EXP Realty, LLC
Listed By:
Jonathan S Lahey · License #605276
(301) 281-6981
Source:
Thehulsmangroup
Added: Jul 31
Changed: Oct 3
Last Checked: Oct 4 at 4:06PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This residential income property is a two-bedroom, two-full-bath condominium at 946 Windbrooke Drive in Gaithersburg, Maryland. Interior improvements include new flooring, fresh paint, updated light fixtures, a new washer and dryer, and windows installed less than two years ago. The home was built in 1985 and features an open arrangement with naturally bright living spaces and generously sized bedrooms.
The property is positioned near grocery stores, shopping centers, restaurants, parks, and other daily conveniences. Major commuter routes and public transportation are also readily accessible, supporting convenient connections throughout the surrounding area.
The property is positioned near grocery stores, shopping centers, restaurants, parks, and other daily conveniences. Major commuter routes and public transportation are also readily accessible, supporting convenient connections throughout the surrounding area.
Key Highlights
- Two‑bedroom, two‑full‑bath condominium
- New flooring, fresh paint, and updated light fixtures
- New washer and dryer included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,448
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,960
$429.0K
Cap Rate 7%
$306,400
$306.4K
Cap Rate 9%
$238,311
$238.3K
Market Conditions
NOI Build-Up for 1,299 SF
Gross rent
$41.9K $32.28/SF
− Vacancy
−$2.9K −$2.26/SF
EGI
$39.0K $30.02/SF
− OpEx
−$17.5K −$13.51/SF
NOI
$21.4K $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%
$428,960
Cap Rate 7%
$306,400
Cap Rate 9%
$238,311
Alternative Uses
Best Use
Apartment 5plus
$306.4K
$268.1K – $357.5K
NOI $21,448 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$457.0K
$399.8K – $533.1K
NOI $31,987 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,155
Businesses Nearby
Explore this area
Business Placement
Demographics for 20879, MD
26,176
Population
9,008
Households
2.9
Avg Household Size
37
Median Age
42%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,044
Density / Sq Mi
$105,109
Median Household Income
$49,269
Median Earnings
$1,895
Median Rent
$433,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Refreshed interior with newer flooring, paint, fixtures, appliances, and windows.
Where is this residential income property located?
The property is located at 946 WINDBROOKE DRIVE Unit 946 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑bedroom, two‑full‑bath condominium; New flooring, fresh paint, and updated light fixtures; New washer and dryer included
