Residential Income Property with Private
For Sale
$1,430,000
10401 STRATHMORE PARK COURT Unit 101, North Bethesda, MD 20852
A three-bedroom residence combines private outdoor space with secure building access, elevator service, and assigned garage parking.
Property Size2,677 SF
Days on Market10
Property Features for 10401 STRATHMORE PARK COURT Unit 101
General Information
Standard status
Active
Size
2,677 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$16,368
Building Details
Building Size
2,677 SF
Year Built
2002
Listing Agency:
Redfin Corp
Listed By:
Eric T Hovanky · License #665319
(301) 410-5939
Source:
Barnesrealestatecompany
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 6 at 12:43AM
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
Investment Insights
Based on property information with market context.
This 2,600-square-foot residence at 10401 Strathmore Park Court, Unit 101, was built in 2002 and includes three bedrooms, a library, a breakfast nook, and a separate sitting room or office. The private terrace measures 29' x 8' and faces a landscaped courtyard. Interior features include 10' ceilings, hardwood flooring, new carpet, a gas fireplace, and floor-to-ceiling windows with French doors. The kitchen has granite counters, an island, white cabinetry, and stainless steel appliances, including a five-burner gas cooktop and double wall oven. The primary suite includes two walk-in closets, an additional closet, and a bath with a whirlpool tub and separate shower.
Building and unit features include secure entry, an in-unit security system, elevator access, two assigned garage spaces, and a storage room. The property is within walking distance of Grosvenor-Strathmore Metro, the Music Center at Strathmore, Beach Drive, and Rock Creek Park trails.
Building and unit features include secure entry, an in-unit security system, elevator access, two assigned garage spaces, and a storage room. The property is within walking distance of Grosvenor-Strathmore Metro, the Music Center at Strathmore, Beach Drive, and Rock Creek Park trails.
Key Highlights
- 2,600‑square‑foot residence with three bedrooms and a separate library
- Private 29' x 8' terrace overlooking the landscaped courtyard
- 10' ceilings, hardwood flooring, new carpet, and a gas fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,201
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,020
$884.0K
Cap Rate 7%
$631,443
$631.4K
Cap Rate 9%
$491,122
$491.1K
Market Conditions
NOI Build-Up for 2,677 SF
Gross rent
$86.4K $32.28/SF
− Vacancy
−$6.0K −$2.26/SF
EGI
$80.4K $30.02/SF
− OpEx
−$36.2K −$13.51/SF
NOI
$44.2K $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%
$884,020
Cap Rate 7%
$631,443
Cap Rate 9%
$491,122
Alternative Uses
Best Use
Apartment 5plus
$631.4K
$552.5K – $736.7K
NOI $44,201 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$941.7K
$824.0K – $1.10M
NOI $65,919 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
351
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom residence combines private outdoor space with secure building access, elevator service, and assigned garage parking.
Where is this residential income property located?
The property is located at 10401 STRATHMORE PARK COURT Unit 101 North Bethesda, MD.
What is the asking price?
The asking price for this property is $1,430,000.
What are key features of this property?
This property features: 2,600‑square‑foot residence with three bedrooms and a separate library; Private 29' x 8' terrace overlooking the landscaped courtyard; 10' ceilings, hardwood flooring, new carpet, and a gas fireplace
