Residential Income
New
For Sale
$325,000
10500 MONTROSE AVE #202, Bethesda, MD 20814
BETHESDA, MD
Property Size1,061 SF
Price / SF$306.31
Days on Market7
Property Features for 10500 MONTROSE AVE #202
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bedroom 1
Subdivision
PARKSIDE CONDOMINIUMS
Elementary school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Middle school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
High school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Standard status
Active
Amenities
swimming pool
tennis courts
clubhouse
community garden
playground
Building Details
Year built
1960
Listing Agency:
One Bethesda
(240) 497-1700
Listed By:
Lauren Hatten
Added: Sep 29
Changed: Sep 30
Last Checked: Oct 5 at 9:06PM
MLS# MDMC2257138
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This top-floor condominium offers 1,061 square feet with three bedrooms and one bathroom. Recent interior work includes fresh paint, new carpet, four new ceiling fans, and an updated bathroom; the windows are newer. The layout includes a living and dining area, plus a kitchen with cabinetry and workspace. Mature trees and green space border the rear of the home.
The condo fee covers utilities, parking, storage, and on-site management. Residents also have access to a swimming pool, tennis courts, clubhouse, community garden, playground, and landscaped grounds. The property is in Parkside, with access to Grosvenor Metro, Strathmore Music Center, and the MARC station in nearby Garrett Park. NIH, Walter Reed National Military Medical Center, the Capital Beltway, and I-270 are also identified nearby.
The condo fee covers utilities, parking, storage, and on-site management. Residents also have access to a swimming pool, tennis courts, clubhouse, community garden, playground, and landscaped grounds. The property is in Parkside, with access to Grosvenor Metro, Strathmore Music Center, and the MARC station in nearby Garrett Park. NIH, Walter Reed National Military Medical Center, the Capital Beltway, and I-270 are also identified nearby.
Key Highlights
- 1,061‑square‑foot top‑floor condominium with 3 bedrooms and 1 bathroom
- Recent work includes fresh paint, new carpet, 4 new ceiling fans, and an updated bath
- Condo fee includes utilities, parking, storage, and on‑site management
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,518
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,360
$350.4K
Cap Rate 7%
$250,257
$250.3K
Cap Rate 9%
$194,644
$194.6K
Market Conditions
NOI Build-Up for 1,061 SF
Gross rent
$34.2K $32.28/SF
− Vacancy
−$2.4K −$2.26/SF
EGI
$31.9K $30.02/SF
− OpEx
−$14.3K −$13.51/SF
NOI
$17.5K $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%
$350,360
Cap Rate 7%
$250,257
Cap Rate 9%
$194,644
Alternative Uses
Best Use
Apartment 5plus
$250.3K
$219.0K – $292.0K
NOI $17,518 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$373.2K
$326.6K – $435.4K
NOI $26,126 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor condominium with three bedrooms, refreshed interior finishes, and community amenities.
Where is this residential income property located?
The property is located at 10500 MONTROSE AVE #202 Bethesda, MD.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,061‑square‑foot top‑floor condominium with 3 bedrooms and 1 bathroom; Recent work includes fresh paint, new carpet, 4 new ceiling fans, and an updated bath; Condo fee includes utilities, parking, storage, and on‑site management
