Renovated Residential
For Sale
$197,000
10500 ROCKVILLE PIKE Unit 122, North Bethesda, MD 20852
The first-floor home combines separate sleeping and living areas with community amenities and multiple included utilities.
Property Size906 SF
Price / SF$217.44
Days on Market108
Property Features for 10500 ROCKVILLE PIKE Unit 122
General Information
Standard status
Active
Size
906 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,298
Amenities
laundry room
fitness center
pool
tennis courts
game room
rooftop party room
outdoor terrace
24/7 concierge
Building Details
Building Size
906 SF
Year Built
1965
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 15
Changed: Oct 27
Last Checked: Oct 26 at 2:41PM
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 906-square-foot, one-bedroom, one-bath condominium was built in 1965. Its layout pairs a living and dining area, with treetop views, and a renovated kitchen featuring a gas oven and large sink. The bathroom has also been updated. The first-floor position provides access to the laundry room, fitness center, and secure building entrances.
Community amenities include a 24-hour concierge, pool, tennis courts, game room, rooftop party room, and outdoor terrace. Cable, internet, electricity, gas, trash, and water are included. An on-site market and the Red Line Metro are nearby, with access to I-495, I-270, Strathmore, Rock Creek Park, and the Bethesda Trolley Trail.
Community amenities include a 24-hour concierge, pool, tennis courts, game room, rooftop party room, and outdoor terrace. Cable, internet, electricity, gas, trash, and water are included. An on-site market and the Red Line Metro are nearby, with access to I-495, I-270, Strathmore, Rock Creek Park, and the Bethesda Trolley Trail.
Key Highlights
- 906‑square‑foot condominium with one bedroom and one bathroom
- Renovated kitchen and bathroom
- First‑floor location near laundry room and fitness center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,959
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,180
$299.2K
Cap Rate 7%
$213,700
$213.7K
Cap Rate 9%
$166,211
$166.2K
Market Conditions
NOI Build-Up for 906 SF
Gross rent
$29.2K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$27.2K $30.02/SF
− OpEx
−$12.2K −$13.51/SF
NOI
$15.0K $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%
$299,180
Cap Rate 7%
$213,700
Cap Rate 9%
$166,211
Alternative Uses
Best Use
Apartment 5plus
$213.7K
$187.0K – $249.3K
NOI $14,959 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$318.7K
$278.9K – $371.8K
NOI $22,310 @ 7.0% cap · market cap 11.32%
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
379
Businesses Nearby
Explore this area
Business Placement
Demographics for 20852, MD
48,347
Population
23,023
Households
2.1
Avg Household Size
38
Median Age
74%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,969
Density / Sq Mi
$121,496
Median Household Income
$74,519
Median Earnings
$2,212
Median Rent
$646,100
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The first-floor home combines separate sleeping and living areas with community amenities and multiple included utilities.
Where is this residential income property located?
The property is located at 10500 ROCKVILLE PIKE Unit 122 North Bethesda, MD.
What is the asking price?
The asking price for this property is $197,000.
What are key features of this property?
This property features: 906‑square‑foot condominium with one bedroom and one bathroom; Renovated kitchen and bathroom; First‑floor location near laundry room and fitness center
