Residential Income Property with
For Sale
$299,000
10648 MONTROSE AVENUE Unit M-103, Bethesda, MD 20814
The updated Parkside condo includes a private balcony, storage, parking, and community amenities.
Property Size1,007 SF
Price / SF$296.92
Days on Market174
Property Features for 10648 MONTROSE AVENUE Unit M-103
General Information
Standard status
Active
Size
1,007 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
$82
Amenities
pool
tennis court
clubhouse
ballfield
playground
picnic area
community gardens
private balcony
storage unit
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: May 8
Changed: Oct 27
Last Checked: Oct 26 at 3:37PM
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 1,007-square-foot Parkside condo unit was built in 1966 and has a first-floor entrance with a private balcony positioned two levels above. Interior updates include a new kitchen, flooring, and paint. The property also includes a lower-level storage unit and parking near the entrance. The condo fee covers heat, air conditioning, electricity, gas, water, sewer, parking, and storage, along with community facilities.
Residents can walk to the Grosvenor Metro station on the Red Line. Garrett Park and its MARC station are nearby, as are the Strathmore music and arts centers. NIH and Walter Reed Bethesda Medical Center are also in the surrounding area. Community amenities include three pools, two tennis courts, two clubhouses, a ballfield, playground, picnic area with grills, and community gardens.
Residents can walk to the Grosvenor Metro station on the Red Line. Garrett Park and its MARC station are nearby, as are the Strathmore music and arts centers. NIH and Walter Reed Bethesda Medical Center are also in the surrounding area. Community amenities include three pools, two tennis courts, two clubhouses, a ballfield, playground, picnic area with grills, and community gardens.
Key Highlights
- 1,007‑square‑foot Parkside condo unit built in 1966
- Private balcony sits two levels above the first‑floor entrance
- Updated kitchen, flooring, and paint
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
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
393
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 updated Parkside condo includes a private balcony, storage, parking, and community amenities.
Where is this residential income property located?
The property is located at 10648 MONTROSE AVENUE Unit M-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: 1,007‑square‑foot Parkside condo unit built in 1966; Private balcony sits two levels above the first‑floor entrance; Updated kitchen, flooring, and paint
