Two-Bedroom Condominium with Private
For Sale
$280,000
10607 MONTROSE AVENUE Unit M-3, Bethesda, MD 20814
Updated interiors, a separate dining room, and convenient access to laundry and storage support everyday living.
Property Size1,142 SF
Price / SF$245.18
Days on Market34
Property Features for 10607 MONTROSE AVENUE Unit M-3
General Information
Standard status
Active
Size
1,142 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,190
Amenities
pool
tennis courts
tot lots
club house
Building Details
Building Size
1,142 SF
Year Built
1966
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Maryanne P Fiorita · License #49250
(301) 529-0090
Source:
Jackrealtygroup
Added: Sep 25
Changed: Oct 27
Last Checked: Oct 26 at 2:10PM
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
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This 1,142-square-foot condominium, built in 1966, offers two bedrooms, a separate dining room, and a living room that opens through sliding glass doors to a private patio overlooking trees and gardens. The remodeled kitchen has granite counters, gas cooking, a pantry, and extensive cabinetry. The primary suite includes a customized walk-in closet and additional wall closets; the second bedroom has a double-door closet and can also serve as an office. The full bath has a glass-enclosed shower, and replacement windows, updated HVAC, fresh paint, and new lighting are among the improvements. Laundry and storage rooms sit outside the unit door.
The residence is in Parkside Condominium in Bethesda, with shopping, restaurants, Grosvenor Metro, Strathmore Music Center, NIH, Walter Reed, USU, and downtown Bethesda among the nearby destinations. Community amenities include a pool, tennis courts, tot lots, and a clubhouse, with an on-site management team. An oversized off-street parking lot serves residents and guests; a parking permit is required.
The residence is in Parkside Condominium in Bethesda, with shopping, restaurants, Grosvenor Metro, Strathmore Music Center, NIH, Walter Reed, USU, and downtown Bethesda among the nearby destinations. Community amenities include a pool, tennis courts, tot lots, and a clubhouse, with an on-site management team. An oversized off-street parking lot serves residents and guests; a parking permit is required.
Key Highlights
- 1,142‑square‑foot condominium in Parkside Condominium
- Two bedrooms, separate dining room, and private patio overlooking trees and gardens
- Remodeled kitchen with granite counters, gas cooking, pantry, and extensive cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,856
Cap Rate
6.73%
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 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$401.7K
$351.5K – $468.7K
NOI $28,121 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
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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 - Updated interiors, a separate dining room, and convenient access to laundry and storage support everyday living.
Where is this residential income property located?
The property is located at 10607 MONTROSE AVENUE Unit M-3 Bethesda, MD.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,142‑square‑foot condominium in Parkside Condominium; Two bedrooms, separate dining room, and private patio overlooking trees and gardens; Remodeled kitchen with granite counters, gas cooking, pantry, and extensive cabinetry
