Two-Bedroom Residential Income
For Sale
$379,900
10101 GROSVENOR PLACE Unit 2006, North Bethesda, MD 20852
Condominium residence with updated kitchen, in-unit laundry, assigned storage, and access to shared recreation and fitness amenities.
Property Size1,200 SF
Price / SF$316.58
Days on Market78
Property Features for 10101 GROSVENOR PLACE Unit 2006
General Information
Standard status
Active
Size
1,200 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,496
Amenities
24/7 secured lobby with staffed front desk
swimming pool
tennis courts
fitness center
business center
sauna
party lounge
assigned storage unit
in-unit washer/dryer
Building Details
Building Size
1,200 SF
Year Built
1986
Listing Agency:
Samson Properties
Listed By:
Richard E. Saunders · License #636674
(301) 704-3416
Source:
Canopy-re
Added: Aug 14
Changed: Oct 27
Last Checked: Oct 26 at 3:09PM
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
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Investment Insights
Based on property information with market context.
This 1,200-square-foot condominium residence has two bedrooms and two full bathrooms. Wood flooring extends through the living and dining areas, while the bedrooms have new carpeting and the unit has fresh paint. The updated kitchen features granite counters, a breakfast bar, stainless-steel appliances, and a stacked washer and dryer. The primary bedroom includes an en-suite bathroom and two closets.
Building amenities include a secured lobby staffed around the clock, swimming pool, tennis courts, fitness center, business center, sauna, and party lounge. The unit also includes an assigned secured storage space and two parking spaces: one in the secured garage and one in an assigned surface area. The building was constructed in 1986.
Building amenities include a secured lobby staffed around the clock, swimming pool, tennis courts, fitness center, business center, sauna, and party lounge. The unit also includes an assigned secured storage space and two parking spaces: one in the secured garage and one in an assigned surface area. The building was constructed in 1986.
Key Highlights
- 1,200‑square‑foot residence with two bedrooms and two full bathrooms
- Updated kitchen with granite counters, breakfast bar, stainless‑steel appliances, and stacked washer and dryer
- Wood flooring in living and dining areas; new bedroom carpets and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,813
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,260
$396.3K
Cap Rate 7%
$283,043
$283.0K
Cap Rate 9%
$220,144
$220.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$38.7K $32.28/SF
− Vacancy
−$2.7K −$2.26/SF
EGI
$36.0K $30.02/SF
− OpEx
−$16.2K −$13.51/SF
NOI
$19.8K $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%
$396,260
Cap Rate 7%
$283,043
Cap Rate 9%
$220,144
Alternative Uses
Best Use
Apartment 5plus
$283.0K
$247.7K – $330.2K
NOI $19,813 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$422.1K
$369.4K – $492.5K
NOI $29,549 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Explore this area
Business Placement
Demographics for 20852, MD
48,347
Population
23,023
Households
2.1
Avg Household Size
38
Median Age
74%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,969
Density / Sq Mi
$121,496
Median Household Income
$74,519
Median Earnings
$2,212
Median Rent
$646,100
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with updated kitchen, in-unit laundry, assigned storage, and access to shared recreation and fitness amenities.
Where is this residential income property located?
The property is located at 10101 GROSVENOR PLACE Unit 2006 North Bethesda, MD.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 1,200‑square‑foot residence with two bedrooms and two full bathrooms; Updated kitchen with granite counters, breakfast bar, stainless‑steel appliances, and stacked washer and dryer; Wood flooring in living and dining areas; new bedroom carpets and fresh paint
