Residential Income Property with
For Sale
$235,000
10406 MONTROSE AVENUE Unit 101, Bethesda, MD 20814
Two bedrooms, generous windows, and community recreation areas shape this home, with several interior finishes ready for updating.
Property Size842 SF
Price / SF$279.10
Days on Market57
Property Features for 10406 MONTROSE AVENUE Unit 101
General Information
Standard status
Active
Size
842 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
the kitchen is ready for new appliances and countertops, the flooring could be updated, and the bathroom would benefit from a refresh.
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,903
Amenities
pool
tennis courts
playgrounds
picnic areas
maintained common grounds
Building Details
Building Size
842 SF
Year Built
1954
Listing Agency:
EXP Realty, LLC
Listed By:
Christopher Craddock · License #0225207192
(703) 688-2635
Source:
Jackrealtygroup
Added: Sep 2
Changed: Oct 27
Last Checked: Oct 26 at 3:51PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This two-bedroom, one-bath condo has a living room that connects to the dining area, with large windows across the main living space and bedrooms. The kitchen, flooring, and bathroom are candidates for renovation. The property was built in 1954 and measures 842 according to the property information. Community amenities include a pool, tennis courts, playgrounds, picnic areas, and maintained grounds.
A neighborhood path leads to Grosvenor-Strathmore Metro Station and the Red Line. Route 355 provides connections to I-270 and I-495. North Bethesda shopping, dining, and entertainment options include Wildwood Shopping Center and Montgomery Mall. The listed schools are Garrett Park Elementary, Tilden Middle, and Walter Johnson High School.
A neighborhood path leads to Grosvenor-Strathmore Metro Station and the Red Line. Route 355 provides connections to I-270 and I-495. North Bethesda shopping, dining, and entertainment options include Wildwood Shopping Center and Montgomery Mall. The listed schools are Garrett Park Elementary, Tilden Middle, and Walter Johnson High School.
Key Highlights
- Two bedrooms and one bathroom
- 842 property size; built in 1954
- Kitchen, flooring, and bathroom are candidates for updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,902
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,040
$278.0K
Cap Rate 7%
$198,600
$198.6K
Cap Rate 9%
$154,467
$154.5K
Market Conditions
NOI Build-Up for 842 SF
Gross rent
$27.2K $32.28/SF
− Vacancy
−$1.9K −$2.26/SF
EGI
$25.3K $30.02/SF
− OpEx
−$11.4K −$13.51/SF
NOI
$13.9K $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%
$278,040
Cap Rate 7%
$198,600
Cap Rate 9%
$154,467
Alternative Uses
Best Use
Apartment 5plus
$198.6K
$173.8K – $231.7K
NOI $13,902 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$296.2K
$259.2K – $345.6K
NOI $20,734 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Explore this area
Business Placement
Demographics for 20814, MD
31,919
Population
15,388
Households
2.1
Avg Household Size
41
Median Age
84%
College-Educated
98%
High-School Grad
4.5 sq mi
ZIP Area
7,093
Density / Sq Mi
$150,401
Median Household Income
$90,050
Median Earnings
$2,329
Median Rent
$976,500
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms, generous windows, and community recreation areas shape this home, with several interior finishes ready for updating.
Where is this residential income property located?
The property is located at 10406 MONTROSE AVENUE Unit 101 Bethesda, MD.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two bedrooms and one bathroom; 842 property size; built in 1954; Kitchen, flooring, and bathroom are candidates for updates
