Two-Bedroom Residential Income
New
For Sale
$199,000
9900 BOYSENBERRY WAY Unit 270-6, Gaithersburg, MD 20879
The condominium has no interior stairs, assigned parking, and access to shared recreation amenities.
Property Size817 SF
Price / SF$243.57
Days on Market7
Property Features for 9900 BOYSENBERRY WAY Unit 270-6
General Information
Standard status
Active
Size
817 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
HOA Fee
$591
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,481
Amenities
pool
fitness center
tennis courts
Building Details
Building Size
817 SF
Year Built
1988
Listing Agency:
EXP Realty, LLC
Listed By:
Jonathan S Lahey · License #605276
(301) 281-6981
Source:
Thehulsmangroup
Added: Oct 29
Changed: Oct 31
Last Checked: Nov 3 at 11:12AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 817-square-foot condominium has two bedrooms, one bathroom, and no interior stairs. Built in 1988, the unit includes one assigned parking space, with additional guest parking available. The condominium fee covers water, sewer, trash, snow removal, exterior maintenance, lawn care, and building insurance, along with access to the community pool, fitness center, and tennis courts.
Shopping, dining, hospitals, Shady Grove Metro, and I-270 are among the nearby destinations and transportation options.
Shopping, dining, hospitals, Shady Grove Metro, and I-270 are among the nearby destinations and transportation options.
Key Highlights
- 817‑square‑foot condominium with two bedrooms and one bathroom
- No interior stairs
- One assigned parking space plus guest parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,490
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,800
$269.8K
Cap Rate 7%
$192,714
$192.7K
Cap Rate 9%
$149,889
$149.9K
Market Conditions
NOI Build-Up for 817 SF
Gross rent
$26.4K $32.28/SF
− Vacancy
−$1.8K −$2.26/SF
EGI
$24.5K $30.02/SF
− OpEx
−$11.0K −$13.51/SF
NOI
$13.5K $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%
$269,800
Cap Rate 7%
$192,714
Cap Rate 9%
$149,889
Alternative Uses
Best Use
Apartment 5plus
$192.7K
$168.6K – $224.8K
NOI $13,490 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$287.4K
$251.5K – $335.3K
NOI $20,118 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,476
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
Frequently Asked Questions
What type of property is this?
Residential income property - The condominium has no interior stairs, assigned parking, and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 9900 BOYSENBERRY WAY Unit 270-6 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 817‑square‑foot condominium with two bedrooms and one bathroom; No interior stairs; One assigned parking space plus guest parking
