Updated Residential Income
New
For Sale
$225,000
9801 FEATHERTREE TERRACE Unit 204, Montgomery Village, MD 20886
Updated kitchen, in-unit laundry, and a new HVAC system support practical daily living.
Property Size1,161 SF
Days on Market5
Property Features for 9801 FEATHERTREE TERRACE Unit 204
General Information
Standard status
Active
Size
1,161 SF
Property subtype
Penthouse Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,971
Building Details
Building Size
1,161 SF
Year Built
1997
Listing Agency:
Samson Properties
Listed By:
Robert J Chew · License #575539
(410) 995-9600
Source:
Thehulsmangroup
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 14 at 8:33AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This residential income property offers a two-bedroom, two-bath layout with several recent interior improvements. New carpeting extends throughout the unit, while the kitchen has been updated for a refreshed cooking and dining area. Laundry is located inside the residence, and a new HVAC system was installed in 2026.
The property was built in 1997 and includes two unassigned resident parking permits along with two visitor parking passes. Its Montgomery Village setting places the residence near shopping, dining, everyday amenities, and major commuter routes. The property is offered as-is, with no guarantees or assurances regarding the unit’s condition.
The property was built in 1997 and includes two unassigned resident parking permits along with two visitor parking passes. Its Montgomery Village setting places the residence near shopping, dining, everyday amenities, and major commuter routes. The property is offered as-is, with no guarantees or assurances regarding the unit’s condition.
Key Highlights
- Two‑bedroom, two‑bath residential income property
- New carpet installed throughout the unit
- Updated kitchen with refreshed finishes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,170
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$383,400
$383.4K
Cap Rate 7%
$273,857
$273.9K
Cap Rate 9%
$213,000
$213.0K
Market Conditions
NOI Build-Up for 1,161 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.5K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.9K $30.02/SF
− OpEx
−$15.7K −$13.51/SF
NOI
$19.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$383,400
Cap Rate 7%
$273,857
Cap Rate 9%
$213,000
Alternative Uses
Best Use
Apartment 5plus
$273.9K
$239.6K – $319.5K
NOI $19,170 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$408.4K
$357.4K – $476.5K
NOI $28,589 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,476
Businesses Nearby
Explore this area
Business Placement
Demographics for 20886, MD
35,649
Population
13,024
Households
2.7
Avg Household Size
36
Median Age
43%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
8,695
Density / Sq Mi
$98,767
Median Household Income
$48,530
Median Earnings
$1,863
Median Rent
$366,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen, in-unit laundry, and a new HVAC system support practical daily living.
Where is this residential income property located?
The property is located at 9801 FEATHERTREE TERRACE Unit 204 Montgomery Village, MD.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residential income property; New carpet installed throughout the unit; Updated kitchen with refreshed finishes
