Two-Story Townhome-Style
For Sale
$624,990
97 CENTRAL AVENUE, Gaithersburg, MD 20877
Upper-level residence with three bedrooms, flexible office space, and a private rear deck.
Property Size2,407 SF
Price / SF$259.66
Days on Market264
Property Features for 97 CENTRAL AVENUE
General Information
Standard status
Active
Size
2,407 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Building Details
Building Size
2,407 SF
Year Built
2026
Stories
2
Construction
townhome style
Listing Agency:
Keller Williams Realty Centre
Listed By:
Nickolaus B Waldner · License #589020
(443) 579-1516
Source:
Kerishull
Added: Jan 30
Changed: Oct 11
Last Checked: Oct 21 at 6:23AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This upper-level, two-story townhome-style condominium offers over 2,300 square feet of living space with an open main-floor arrangement. The kitchen features quartz countertops, a tile backsplash, Whirlpool stainless steel appliances, pendant lighting, and a large island connecting to the dining and great room areas. A pocket office provides a dedicated workspace, while the rear deck extends the living area outdoors.
The upper level includes three bedrooms, including a primary suite with dual-sink quartz vanity, walk-in shower, and large walk-in closet. A full bathroom serves the additional bedrooms, and the upstairs laundry room includes storage. Located within the One Central community in Gaithersburg, the property was built in 2026.
The upper level includes three bedrooms, including a primary suite with dual-sink quartz vanity, walk-in shower, and large walk-in closet. A full bathroom serves the additional bedrooms, and the upstairs laundry room includes storage. Located within the One Central community in Gaithersburg, the property was built in 2026.
Key Highlights
- Over 2,300 square feet of living space
- Three bedrooms with an upper‑level primary suite
- Kitchen with oversized island, quartz surfaces, tile backsplash, and Whirlpool stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,743
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,860
$794.9K
Cap Rate 7%
$567,757
$567.8K
Cap Rate 9%
$441,589
$441.6K
Market Conditions
NOI Build-Up for 2,407 SF
Gross rent
$77.7K $32.28/SF
− Vacancy
−$5.4K −$2.26/SF
EGI
$72.3K $30.02/SF
− OpEx
−$32.5K −$13.51/SF
NOI
$39.7K $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%
$794,860
Cap Rate 7%
$567,757
Cap Rate 9%
$441,589
Alternative Uses
Best Use
Apartment 5plus
$567.8K
$496.8K – $662.4K
NOI $39,743 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$846.7K
$740.9K – $987.9K
NOI $59,271 @ 7.0% cap · market cap 9.48%
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 - Upper-level residence with three bedrooms, flexible office space, and a private rear deck.
Where is this residential income property located?
The property is located at 97 CENTRAL AVENUE Gaithersburg, MD.
What is the asking price?
The asking price for this property is $624,990.
What are key features of this property?
This property features: Over 2,300 square feet of living space; Three bedrooms with an upper‑level primary suite; Kitchen with oversized island, quartz surfaces, tile backsplash, and Whirlpool stainless steel appliances
