Two-Level Residential Income
New
For Sale
$299,000
9810 FEATHERTREE TERRACE Unit 21, Montgomery Village, MD 20886
Updated interior with an open kitchen, flexible loft, fireplace, and assigned guest parking permits.
Property Size1,446 SF
Days on Market5
Property Features for 9810 FEATHERTREE TERRACE Unit 21
General Information
Standard status
Active
Size
1,446 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,047
Amenities
gas fireplace
in-unit washer/dryer
storage
Building Details
Building Size
1,446 SF
Year Built
1996
Listing Agency:
Samson Properties
(202) 701-3785
Listed By:
WEIHONG HU · License #649788
(202) 701-3785
Source:
Thehulsmangroup
Added: Aug 17
Changed: Aug 21
Last Checked: Aug 21 at 9:20AM
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 two-level residential income property, built in 1996, features a bright main floor with high ceilings, hardwood flooring, and an open kitchen connected to the living area. The home includes a gas fireplace, primary suite with walk-in closet and en-suite bathroom, second bedroom, and an additional full bathroom on the main level. Upstairs, a loft-style area with a closet, full bathroom, and new LVP flooring provides adaptable space for office, bedroom, or other residential use. In-unit laundry and additional storage are included. Parking permits provide two spaces for the owner or owners and two guest spaces. The property is near public transportation, a public library, Costco, grocery stores, and restaurants.
Key Highlights
- Two‑level residential property built in 1996
- Open kitchen and living area with gas fireplace
- Primary suite with walk‑in closet and en‑suite bathroom
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
$23,875
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
7.98%
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%
$477,500
$477.5K
Cap Rate 7%
$341,071
$341.1K
Cap Rate 9%
$265,278
$265.3K
Market Conditions
NOI Build-Up for 1,446 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
$46.7K $32.28/SF
− Vacancy
−$3.3K −$2.26/SF
EGI
$43.4K $30.02/SF
− OpEx
−$19.5K −$13.51/SF
NOI
$23.9K $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%
$477,500
Cap Rate 7%
$341,071
Cap Rate 9%
$265,278
Alternative Uses
Best Use
Apartment 5plus
$341.1K
$298.4K – $397.9K
NOI $23,875 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$508.7K
$445.1K – $593.5K
NOI $35,607 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,782
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated interior with an open kitchen, flexible loft, fireplace, and assigned guest parking permits.
Where is this residential income property located?
The property is located at 9810 FEATHERTREE TERRACE Unit 21 Montgomery Village, MD.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑level residential property built in 1996; Open kitchen and living area with gas fireplace; Primary suite with walk‑in closet and en‑suite bathroom
