Residential Condo with Private
For Sale
$209,800
10320 WESTLAKE DRIVE Unit E301, Bethesda, MD 20817
The condo fee covers all utilities except internet, and residents have access to a pool and outdoor grilling areas.
Property Size731 SF
Price / SF$287
Days on Market27
Property Features for 10320 WESTLAKE DRIVE Unit E301
General Information
Standard status
Active
Size
731 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,344
Amenities
secure entry
common laundry room
community pool
outdoor grilling areas
Building Details
Building Size
731 SF
Year Built
1962
Listing Agency:
Deausen Realty
Listed By:
Marlon P Deausen · License #98716
(301) 704-5474
Source:
Jackrealtygroup
Added: Oct 2
Changed: Oct 27
Last Checked: Oct 26 at 2:56PM
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 Deausen Realty
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Investment Insights
Based on property information with market context.
This third-floor condominium offers 731 square feet of living space, wood flooring, and a private balcony. The kitchen has stainless steel appliances and gas cooking, with updated flooring; the bathroom also has refreshed tile flooring. The bedroom includes a walk-in closet, and a common laundry room is next to the unit. Building features include secure entry, elevator service, and a designated covered parking space, P58.
Residents can use the community pool and outdoor grilling areas. The building was constructed in 1962. The condo fee includes utilities other than internet.
Residents can use the community pool and outdoor grilling areas. The building was constructed in 1962. The condo fee includes utilities other than internet.
Key Highlights
- 731‑square‑foot third‑floor condominium with a private balcony
- Kitchen includes stainless steel appliances and gas cooking
- Bedroom features a walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,070
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,400
$241.4K
Cap Rate 7%
$172,429
$172.4K
Cap Rate 9%
$134,111
$134.1K
Market Conditions
NOI Build-Up for 731 SF
Gross rent
$23.6K $32.28/SF
− Vacancy
−$1.7K −$2.26/SF
EGI
$21.9K $30.02/SF
− OpEx
−$9.9K −$13.51/SF
NOI
$12.1K $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%
$241,400
Cap Rate 7%
$172,429
Cap Rate 9%
$134,111
Alternative Uses
Best Use
Apartment 5plus
$172.4K
$150.9K – $201.2K
NOI $12,070 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$257.1K
$225.0K – $300.0K
NOI $18,000 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,315
Businesses Nearby
Explore this area
Business Placement
Demographics for 20817, MD
38,908
Population
14,363
Households
2.7
Avg Household Size
44
Median Age
85%
College-Educated
98%
High-School Grad
14.0 sq mi
ZIP Area
2,779
Density / Sq Mi
$240,104
Median Household Income
$121,313
Median Earnings
$3,155
Median Rent
$1,142,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo fee covers all utilities except internet, and residents have access to a pool and outdoor grilling areas.
Where is this residential income property located?
The property is located at 10320 WESTLAKE DRIVE Unit E301 Bethesda, MD.
What is the asking price?
The asking price for this property is $209,800.
What are key features of this property?
This property features: 731‑square‑foot third‑floor condominium with a private balcony; Kitchen includes stainless steel appliances and gas cooking; Bedroom features a walk‑in closet
