Three-Bedroom Residential Income
For Sale
$490,000
11700 OLD GEORGETOWN ROAD Unit 806, North Bethesda, MD 20852
High-rise unit with community amenities, reserved parking, and access to an outdoor pool.
Property Size1,098 SF
Price / SF$446.27
Days on Market59
Property Features for 11700 OLD GEORGETOWN ROAD Unit 806
General Information
Standard status
Active
Size
1,098 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,360
Amenities
fitness center
party room
outdoor pool
picnic area
Building Details
Building Size
1,098 SF
Year Built
2006
Construction
brick
Listing Agency:
Century 21 Redwood Realty
Listed By:
Vicki H Robinson · License #313689
(240) 994-1212
Source:
Kerishull
Added: Aug 24
Changed: Oct 20
Last Checked: Oct 21 at 6:26AM
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 Century 21 Redwood Realty
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Investment Insights
Based on property information with market context.
This residential income property is a three-bedroom, two-bathroom unit within a high-rise building in North Bethesda. The 1,098-square-foot residence was built in 2006 and features traditional brick construction, an elevator, reserved parking, and access to community amenities.
Shared facilities include a fitness center, party room, outdoor pool, and picnic area. Snow removal is included through the association. The property is located near schools, parks, shops, restaurants, and public services, with commuting and local amenities accessible from the North Bethesda setting.
Shared facilities include a fitness center, party room, outdoor pool, and picnic area. Snow removal is included through the association. The property is located near schools, parks, shops, restaurants, and public services, with commuting and local amenities accessible from the North Bethesda setting.
Key Highlights
- Three‑bedroom, two‑bathroom residential unit
- 1,098 square feet in a high‑rise building
- Built in 2006 with traditional brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,129
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,580
$362.6K
Cap Rate 7%
$258,986
$259.0K
Cap Rate 9%
$201,433
$201.4K
Market Conditions
NOI Build-Up for 1,098 SF
Gross rent
$35.4K $32.28/SF
− Vacancy
−$2.5K −$2.26/SF
EGI
$33.0K $30.02/SF
− OpEx
−$14.8K −$13.51/SF
NOI
$18.1K $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%
$362,580
Cap Rate 7%
$258,986
Cap Rate 9%
$201,433
Alternative Uses
Best Use
Apartment 5plus
$259.0K
$226.6K – $302.2K
NOI $18,129 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$386.3K
$338.0K – $450.6K
NOI $27,038 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,590
Businesses Nearby
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Business Placement
Demographics for 20852, MD
48,347
Population
23,023
Households
2.1
Avg Household Size
38
Median Age
74%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,969
Density / Sq Mi
$121,496
Median Household Income
$74,519
Median Earnings
$2,212
Median Rent
$646,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - High-rise unit with community amenities, reserved parking, and access to an outdoor pool.
Where is this residential income property located?
The property is located at 11700 OLD GEORGETOWN ROAD Unit 806 North Bethesda, MD.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom residential unit; 1,098 square feet in a high‑rise building; Built in 2006 with traditional brick construction
