Two-Bedroom Condominium with
For Sale
$299,000
10624 MONTROSE AVENUE Unit 103, Bethesda, MD 20814
A private patio faces landscaped green space, with community pool and tennis court access.
Property Size1,007 SF
Price / SF$296.92
Days on Market63
Property Features for 10624 MONTROSE AVENUE Unit 103
General Information
Standard status
Active
Size
1,007 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,018
Amenities
swimming pool
tennis courts
Building Details
Building Size
1,007 SF
Year Built
1966
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 27
Changed: Oct 26
Last Checked: Oct 26 at 3:09PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,007-square-foot condominium has two bedrooms and one bathroom. The kitchen includes granite countertops, stainless steel appliances, a gas range, and a microwave. A walk-in closet is located in the primary bedroom, and additional storage is available in the basement. The unit was built in 1966 and has a private patio facing green space.
Residents have access to a swimming pool and tennis courts. The Grosvenor-Strathmore Metro Station is less than one mile away, with Bethesda, Pike & Rose, downtown Rockville, shopping, dining, parks, and major commuter routes also identified in the surrounding area.
Residents have access to a swimming pool and tennis courts. The Grosvenor-Strathmore Metro Station is less than one mile away, with Bethesda, Pike & Rose, downtown Rockville, shopping, dining, parks, and major commuter routes also identified in the surrounding area.
Key Highlights
- Two‑bedroom, one‑bath condominium with 1,007 square feet
- Private patio overlooking green space
- Kitchen features granite countertops, stainless steel appliances, gas range, and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,627
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,540
$332.5K
Cap Rate 7%
$237,529
$237.5K
Cap Rate 9%
$184,744
$184.7K
Market Conditions
NOI Build-Up for 1,007 SF
Gross rent
$32.5K $32.28/SF
− Vacancy
−$2.3K −$2.26/SF
EGI
$30.2K $30.02/SF
− OpEx
−$13.6K −$13.51/SF
NOI
$16.6K $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%
$332,540
Cap Rate 7%
$237,529
Cap Rate 9%
$184,744
Alternative Uses
Best Use
Apartment 5plus
$237.5K
$207.8K – $277.1K
NOI $16,627 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$354.2K
$310.0K – $413.3K
NOI $24,797 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A private patio faces landscaped green space, with community pool and tennis court access.
Where is this residential income property located?
The property is located at 10624 MONTROSE AVENUE Unit 103 Bethesda, MD.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condominium with 1,007 square feet; Private patio overlooking green space; Kitchen features granite countertops, stainless steel appliances, gas range, and microwave
