Three-Bedroom Residential Income
For Sale
$325,000
10500 MONTROSE AVENUE Unit 202, Bethesda, MD 20814
This top-floor condominium pairs a three-bedroom layout with access to shared recreation and community amenities.
Property Size1,061 SF
Price / SF$306.31
Days on Market30
Property Features for 10500 MONTROSE AVENUE Unit 202
General Information
Standard status
Active
Size
1,061 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,375
Amenities
swimming pool
tennis courts
clubhouse
community garden
playground
on-site management
Building Details
Building Size
1,061 SF
Year Built
1960
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Lauren M Hatten · License #587126
(301) 996-5592
Source:
Jackrealtygroup
Added: Sep 29
Changed: Oct 27
Last Checked: Oct 26 at 3:59PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Set on the top floor, this 1,061-square-foot condominium has three bedrooms, one bathroom, and a combined living and dining area. The kitchen provides ample cabinet storage and work space. Improvements include fresh interior paint, new carpet, four replacement ceiling fans, newer windows, and an updated bathroom. Built in 1960, the unit backs onto mature trees and green space, with trails for walking, jogging, and cycling nearby.
The Parkside community provides a swimming pool, tennis courts, clubhouse, community garden, playground, and landscaped grounds. The condo fee covers utilities, parking, storage, and on-site management. Grosvenor Metro and Strathmore Music Center are accessible from the property; the MARC station in Garrett Park is another nearby transit option. NIH, Walter Reed National Military Medical Center, the Capital Beltway, I-270, shopping, dining, and entertainment are also in the surrounding area. FHA, VA, and conventional financing are approved for the community.
The Parkside community provides a swimming pool, tennis courts, clubhouse, community garden, playground, and landscaped grounds. The condo fee covers utilities, parking, storage, and on-site management. Grosvenor Metro and Strathmore Music Center are accessible from the property; the MARC station in Garrett Park is another nearby transit option. NIH, Walter Reed National Military Medical Center, the Capital Beltway, I-270, shopping, dining, and entertainment are also in the surrounding area. FHA, VA, and conventional financing are approved for the community.
Key Highlights
- Three‑bedroom, one‑bath top‑floor condominium with 1,061 square feet
- Interior updates include fresh paint, new carpet, 4 new ceiling fans, newer windows, and an updated bath
- Condo fee includes all 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.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
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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 - This top-floor condominium pairs a three-bedroom layout with access to shared recreation and community amenities.
Where is this residential income property located?
The property is located at 10500 MONTROSE AVENUE Unit 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: Three‑bedroom, one‑bath top‑floor condominium with 1,061 square feet; Interior updates include fresh paint, new carpet, 4 new ceiling fans, newer windows, and an updated bath; Condo fee includes all utilities, parking, storage, and on‑site management
