Residential Income Property Near
For Sale
$244,900
10413 MONTROSE AVENUE Unit 202, Bethesda, MD 20814
The condominium fee includes water, gas, and electricity, alongside access to shared recreation amenities.
Property Size845 SF
Price / SF$289.82
Days on Market28
Property Features for 10413 MONTROSE AVENUE Unit 202
General Information
Standard status
Active
Size
845 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,029
Amenities
community swimming pool
tennis courts
walking paths
two clubhouses available for private events
ball field
charcoal grills by the pool
Building Details
Building Size
845 SF
Year Built
1954
Listing Agency:
Argent Realty,LLC
Listed By:
Ololade A Grabovenko · License #633474
(301) 404-9039
Source:
Districtpropertygroup
Added: Oct 1
Changed: Oct 27
Last Checked: Oct 27 at 3:26AM
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 Argent Realty,LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 845-square-foot condominium in a 1954 building has new carpeting, fresh paint, kitchen appliances, and a toilet, with those updates dated 2026. The HVAC system was replaced in 2020. The monthly condominium fee covers water, gas, and electricity.
Residents have access to a community pool, tennis courts, walking paths, two clubhouses, a ball field, and charcoal grills by the pool. Grosvenor-Strathmore Metro Station is approximately a 5–7 minute walk away. Pets are not allowed unless registered as emotional support animals.
Residents have access to a community pool, tennis courts, walking paths, two clubhouses, a ball field, and charcoal grills by the pool. Grosvenor-Strathmore Metro Station is approximately a 5–7 minute walk away. Pets are not allowed unless registered as emotional support animals.
Key Highlights
- 845 SF condominium in a building constructed in 1954
- Carpeting, paint, kitchen appliances, and toilet updated in 2026
- HVAC replaced in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,952
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,040
$279.0K
Cap Rate 7%
$199,314
$199.3K
Cap Rate 9%
$155,022
$155.0K
Market Conditions
NOI Build-Up for 845 SF
Gross rent
$27.3K $32.28/SF
− Vacancy
−$1.9K −$2.26/SF
EGI
$25.4K $30.02/SF
− OpEx
−$11.4K −$13.51/SF
NOI
$14.0K $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%
$279,040
Cap Rate 7%
$199,314
Cap Rate 9%
$155,022
Alternative Uses
Best Use
Apartment 5plus
$199.3K
$174.4K – $232.5K
NOI $13,952 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$297.3K
$260.1K – $346.8K
NOI $20,808 @ 7.0% cap · market cap 8.50%
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
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 - The condominium fee includes water, gas, and electricity, alongside access to shared recreation amenities.
Where is this residential income property located?
The property is located at 10413 MONTROSE AVENUE Unit 202 Bethesda, MD.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: 845 SF condominium in a building constructed in 1954; Carpeting, paint, kitchen appliances, and toilet updated in 2026; HVAC replaced in 2020
