Two-Bedroom Garden
For Sale
$265,900
10407 MONTROSE AVENUE Unit M-2, Bethesda, MD 20814
A first-floor home pairs an open living and dining area with a private patio and community amenities.
Property Size842 SF
Price / SF$315.80
Days on Market206
Property Features for 10407 MONTROSE AVENUE Unit M-2
General Information
Standard status
Active
Size
842 SF
Property subtype
Unit/Flat/Apartment
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
on-site laundry
storage
patio
Building Details
Building Size
842 SF
Year Built
1954
Construction
garden-style
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Apr 6
Changed: Oct 27
Last Checked: Oct 26 at 4:07PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 842-square-foot garden condominium was built in 1954 and is arranged with two bedrooms and one full bathroom. The first-floor layout connects the living and dining areas in an open plan, with parquet hardwood flooring. A kitchen overlooks shared green space, while a rear door opens onto a patio. The unit also has a dedicated storage area on the floor, and laundry facilities are nearby.
Residents have access to a community pool and tennis courts. Rock Creek Park, the Grosvenor Metro station, Strathmore Hall, Whole Foods, restaurants, and shopping are identified among the nearby destinations. Major commuter routes include I-95 and I-270.
Residents have access to a community pool and tennis courts. Rock Creek Park, the Grosvenor Metro station, Strathmore Hall, Whole Foods, restaurants, and shopping are identified among the nearby destinations. Major commuter routes include I-95 and I-270.
Key Highlights
- 842‑square‑foot, first‑floor condominium with two bedrooms and one bathroom
- Private patio reached through the unit’s rear door
- Community amenities include a pool and tennis courts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,902
Cap Rate
5.23%
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 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$296.2K
$259.2K – $345.6K
NOI $20,734 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
342
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
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Frequently Asked Questions
What type of property is this?
Residential income property - A first-floor home pairs an open living and dining area with a private patio and community amenities.
Where is this residential income property located?
The property is located at 10407 MONTROSE AVENUE Unit M-2 Bethesda, MD.
What is the asking price?
The asking price for this property is $265,900.
What are key features of this property?
This property features: 842‑square‑foot, first‑floor condominium with two bedrooms and one bathroom; Private patio reached through the unit’s rear door; Community amenities include a pool and tennis courts
