Ground-Floor Residential Income
New
For Sale
$159,900
9907 BOYSENBERRY WAY Unit 101, Gaithersburg, MD 20879
The one-bedroom layout includes a remodeled kitchen, private balcony, and laundry inside the unit.
Property Size712 SF
Days on Market7
Property Features for 9907 BOYSENBERRY WAY Unit 101
General Information
Standard status
Active
Size
712 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,587
Amenities
in-unit laundry
private balcony
built-in bookcases
Building Details
Building Size
712 SF
Year Built
1988
Listing Agency:
Redfin Corp
Listed By:
Charles P Gilroy · License #643390
(301) 830-1774
Source:
Thehulsmangroup
Added: Oct 29
Changed: Oct 31
Last Checked: Nov 3 at 1:27PM
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 Redfin Corp
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Investment Insights
Based on property information with market context.
This ground-level condominium at 9907 Boysenberry Way, Unit 101, has one bedroom and one full bathroom. Interior features include fresh paint, luxury vinyl plank flooring, built-in bookcases, and a remodeled kitchen. A private balcony and in-unit laundry add to the unit’s features. The property was built in 1988.
The condominium is in Gaithersburg, Maryland, with shopping, dining, parks, restaurants, and major commuter routes described as accessible from the property.
The condominium is in Gaithersburg, Maryland, with shopping, dining, parks, restaurants, and major commuter routes described as accessible from the property.
Key Highlights
- One bedroom and one full bathroom
- Ground‑level condominium with a private balcony
- Remodeled kitchen, fresh paint, and luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,756
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,120
$235.1K
Cap Rate 7%
$167,943
$167.9K
Cap Rate 9%
$130,622
$130.6K
Market Conditions
NOI Build-Up for 712 SF
Gross rent
$23.0K $32.28/SF
− Vacancy
−$1.6K −$2.26/SF
EGI
$21.4K $30.02/SF
− OpEx
−$9.6K −$13.51/SF
NOI
$11.8K $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%
$235,120
Cap Rate 7%
$167,943
Cap Rate 9%
$130,622
Alternative Uses
Best Use
Apartment 5plus
$167.9K
$147.0K – $195.9K
NOI $11,756 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$250.5K
$219.2K – $292.2K
NOI $17,533 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,476
Businesses Nearby
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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 - The one-bedroom layout includes a remodeled kitchen, private balcony, and laundry inside the unit.
Where is this residential income property located?
The property is located at 9907 BOYSENBERRY WAY Unit 101 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: One bedroom and one full bathroom; Ground‑level condominium with a private balcony; Remodeled kitchen, fresh paint, and luxury vinyl plank flooring
