13
Map
$199,000
●
Land -
For Sale
3738 DAMASCUS ROAD
GAITHERSBURG, MD 20882
Studio
0 Bath
$1,007
Est. Monthly
About This Property
Discover the potential of this expansive 2.3-acre parcel of land,
perfectly situated in a vibrant community known for its welcoming
atmosphere and rich local amenities. This blank canvas offers
endless possibilities for your dream home or investment
opportunity. Nestled in a serene neighborhood, you'll enjoy the
tranquility of nature while being just minutes away from shopping,
dining, and recreational activities. Explore nearby parks, walking
trails, and community events that foster a strong sense of
belonging. With ample space to design your ideal living
environment, this property invites creativity and vision. Whether
you envision a sprawling estate or a cozy retreat, the generous lot
size provides the flexibility to bring your dreams to life. Seize
this rare opportunity to own a piece of land in a sought-after
area, where convenience meets charm. Don't miss out on the chance
to create your own oasis in this thriving community!
Unit Size
-
Days on Market
-
Land Size
2.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$29
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (Bright MLS #MDMC2214942)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 28, 2026 | Listed by Long & Foster Real Estate, Inc. | $199,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Dec 15, 2025 | Price Decreased |
$199,000
↓ $16K
(7.4%) | |
| Price Decreased | |||
| Oct 2, 2025 | Price Decreased |
$215,000
↓ $15K
(6.5%) | |
| Price Decreased | |||
| Aug 19, 2025 | Listed | $230,000 | |
| Listed | |||
| | |||
|
There are 2.3 acres available in Montgomery County, a beautiful flat, wooded lot located on the corner of Damascus Rd and Howard Chapel Rd. A fence and wood chips have been placed along the property's perimeter. Buyers will be responsible for their due diligence in obtaining any/all information regarding their intent and potential use of the parcel and verifying with the county land access to the well and septic.
| |||
| May 23, 2025 | In contract | - | |
| In contract | |||
Property Highlights
Exterior Details
Lot Size Area: 100188
Lot Size Units: Square Feet
Lot Size Acres: 2.3
Lot Size Square Feet: 100188
Water Source: None
Financial Details
Tax Assessed Value: $30,500
Tax Annual Amount: $351
Utilities Details
Sewer : No Septic System, No Sewer System
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Montgomery
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Listed by: Sergio L Banegas
Long & Foster Real Estate, Inc.
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# MDMC2214942
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Long & Foster Real Estate, Inc.
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# MDMC2214942
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