Brookes Avenue Apartments
30-Unit Multifamily Community with Value-Add Upside in Prime Gaithersburg, MD Location
Marketing description
The Zupancic Group of Marcus & Millichap is pleased to present Brookes Manor Apartments, a 30-unit multifamily community located in Gaithersburg, Maryland, within the highly desirable Montgomery County submarket. Gaithersburg, Maryland is one of the region's most desirable multifamily markets. The location within the City of Gaithersburg is also unique as it is not subject to rent control like other cities within Montgomery County, creating unique upside for investors. The offering presents a compelling opportunity to acquire a well-maintained, professionally managed asset with stable operations and a clear path to continued rent growth. Brookes Manor consists of approximately 26,769 square feet across multiple buildings and features a balanced unit mix of one- and two-bedroom apartments averaging approximately 750 square feet, supporting broad tenant demand. The property benefits from strong in-place occupancy, quality finishes, off-street parking, and consistent ownership oversight. Current rents are slightly below comparable properties, providing immediate organic upside without the need for a heavy capital program. With limited new supply in the surrounding area, proximity to major retail corridors, and convenient access to I-270 and regional employment centers, Brookes Manor is well positioned to deliver stable cash flow and long-term performance.
Investment highlights
- No rent control - superior regulatory positioning
- In-place rents slightly below market
- Stable operations with professional management in place
- Balanced unit mix with broad tenant appeal
- Strong submarket fundamentals with no new supply pipeline
- Proximity to major retail and lifestyle destinations
- Convenient access to I-270 and regional transportation (Marc Train access)
- Well-maintained asset with quality unit finishes
- Off-street parking enhances tenant appeal
- Large lot with long-term optionality
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