Two-Bedroom Residential Income
For Sale
$314,800
10606 MONTROSE AVENUE Unit 203, Bethesda, MD 20814
The two-bedroom layout includes an open living and dining area, a private balcony, and an en-suite primary bath.
Property Size1,216 SF
Price / SF$258.88
Days on Market231
Property Features for 10606 MONTROSE AVENUE Unit 203
General Information
Standard status
Active
Size
1,216 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,689
Amenities
private balcony
community pool
tennis courts
garden
extra storage
parking
Building Details
Building Size
1,216 SF
Year Built
1966
Listing Agency:
Washington Fine Properties
Listed By:
Richard Newcomb Jr. · License #649491
(240) 672-5008
Source:
Districtpropertygroup
Added: Mar 12
Changed: Oct 28
Last Checked: Oct 27 at 4:03AM
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 Washington Fine Properties
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Investment Insights
Based on property information with market context.
This 1,216-square-foot condominium in Bethesda has two bedrooms and two bathrooms, with a second-level position and a rear-facing layout. The living and dining areas share an open configuration, and the kitchen has stainless-steel appliances and extensive cabinetry. Brand-new carpet and fresh paint update the interior. Commercial-grade thermal windows bring in natural light, while the primary bedroom has an en-suite bath and closet space. A private balcony overlooks trees.
The community offers a pool, tennis courts, and garden. Parking and extra storage are included, along with utilities through the condominium fee. Fees are paid through February 2027. The property was built in 1966 and is within walking distance of Grosvenor Metro and The Strathmore. Whole Foods, Pike & Rose, NIH, Walter Reed, I-270, and I-495 are also nearby.
The community offers a pool, tennis courts, and garden. Parking and extra storage are included, along with utilities through the condominium fee. Fees are paid through February 2027. The property was built in 1966 and is within walking distance of Grosvenor Metro and The Strathmore. Whole Foods, Pike & Rose, NIH, Walter Reed, I-270, and I-495 are also nearby.
Key Highlights
- Two bedrooms and two bathrooms in 1,216 square feet
- Second‑level condominium with a rear‑facing layout and private balcony
- Kitchen features new stainless‑steel appliances and extensive cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,078
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,560
$401.6K
Cap Rate 7%
$286,829
$286.8K
Cap Rate 9%
$223,089
$223.1K
Market Conditions
NOI Build-Up for 1,216 SF
Gross rent
$39.3K $32.28/SF
− Vacancy
−$2.7K −$2.26/SF
EGI
$36.5K $30.02/SF
− OpEx
−$16.4K −$13.51/SF
NOI
$20.1K $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%
$401,560
Cap Rate 7%
$286,829
Cap Rate 9%
$223,089
Alternative Uses
Best Use
Apartment 5plus
$286.8K
$251.0K – $334.6K
NOI $20,078 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$427.8K
$374.3K – $499.1K
NOI $29,943 @ 7.0% cap · market cap 9.51%
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
Yes
Utilities to site
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 - The two-bedroom layout includes an open living and dining area, a private balcony, and an en-suite primary bath.
Where is this residential income property located?
The property is located at 10606 MONTROSE AVENUE Unit 203 Bethesda, MD.
What is the asking price?
The asking price for this property is $314,800.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,216 square feet; Second‑level condominium with a rear‑facing layout and private balcony; Kitchen features new stainless‑steel appliances and extensive cabinetry
