Two-Bedroom Condo with Renovated
For Sale
$289,000
10601 MONTROSE AVENUE Unit 2, Bethesda, MD 20814
A private patio faces green space, while community recreation and permit parking add to the residential setting.
Property Size1,142 SF
Price / SF$253.06
Days on Market44
Property Features for 10601 MONTROSE AVENUE Unit 2
General Information
Standard status
Active
Size
1,142 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,190
Amenities
private patio
community laundry room
swimming pool
tennis courts
tot lot
baseball field
party room
picnic areas
Building Details
Building Size
1,142 SF
Year Built
1966
Listing Agency:
McWilliams/Ballard, Inc.
Listed By:
Steven T Swank Jr. · License #619784
(202) 553-0964
Source:
Jackrealtygroup
Added: Sep 15
Changed: Oct 27
Last Checked: Oct 26 at 2:34PM
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 McWilliams/Ballard, Inc.
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Investment Insights
Based on property information with market context.
This 1,142-square-foot condominium has two bedrooms, one bathroom, parquet floors, and an open living and dining area. The kitchen was renovated in 2022 with granite counters, stainless steel appliances, upgraded cabinetry, and gas cooking. Other features include an updated bathroom, ample closet storage, and a private patio facing green space. Community laundry is on the same level, and the condo fee covers all utilities.
Residents have access to a swimming pool, tennis courts, a tot lot, baseball field, party room, and picnic areas. Permit parking is available outside the building. Grosvenor-Strathmore Metro is a short drive away, with bus service and major commuter routes nearby.
Residents have access to a swimming pool, tennis courts, a tot lot, baseball field, party room, and picnic areas. Permit parking is available outside the building. Grosvenor-Strathmore Metro is a short drive away, with bus service and major commuter routes nearby.
Key Highlights
- 1,142‑square‑foot condominium with two bedrooms and one bathroom
- Kitchen renovation completed in 2022; features granite counters, stainless steel appliances, upgraded cabinetry, and gas cooking
- Private patio overlooking green space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,856
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,120
$377.1K
Cap Rate 7%
$269,371
$269.4K
Cap Rate 9%
$209,511
$209.5K
Market Conditions
NOI Build-Up for 1,142 SF
Gross rent
$36.9K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.3K $30.02/SF
− OpEx
−$15.4K −$13.51/SF
NOI
$18.9K $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%
$377,120
Cap Rate 7%
$269,371
Cap Rate 9%
$209,511
Alternative Uses
Best Use
Apartment 5plus
$269.4K
$235.7K – $314.3K
NOI $18,856 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$401.7K
$351.5K – $468.7K
NOI $28,121 @ 7.0% cap · market cap 9.73%
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
396
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 - A private patio faces green space, while community recreation and permit parking add to the residential setting.
Where is this residential income property located?
The property is located at 10601 MONTROSE AVENUE Unit 2 Bethesda, MD.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 1,142‑square‑foot condominium with two bedrooms and one bathroom; Kitchen renovation completed in 2022; features granite counters, stainless steel appliances, upgraded cabinetry, and gas cooking; Private patio overlooking green space
