Residential Income Property with In-Unit
For Sale
$350,000
11700 OLD GEORGETOWN ROAD Unit 1002, North Bethesda, MD 20852
A stainless-steel kitchen, in-unit laundry, assigned parking and private storage support everyday use.
Property Size839 SF
Price / SF$417.16
Days on Market87
Property Features for 11700 OLD GEORGETOWN ROAD Unit 1002
General Information
Standard status
Active
Size
839 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,832
Amenities
stainless steel appliances
in-unit washer and dryer
private storage unit
Building Details
Building Size
839 SF
Year Built
2006
Listing Agency:
Keller Williams Realty
Listed By:
Lina Maria Montoya · License #667912
(301) 804-2945
Source:
Canopy-re
Added: Aug 5
Changed: Oct 27
Last Checked: Oct 26 at 11:26AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 839-square-foot residence, built in 2006, has a kitchen with stainless steel appliances and a recently replaced refrigerator. An in-unit washer and dryer, assigned parking space, and private storage unit add practical features to the home.
Pike & Rose, restaurants, cafes, boutiques, fitness studios, Whole Foods, Wegmans, and Harris Teeter are nearby. The North Bethesda Metro Station and access to I-270 and I-495 connect the property with destinations across Montgomery County, Washington, DC, and Northern Virginia.
Pike & Rose, restaurants, cafes, boutiques, fitness studios, Whole Foods, Wegmans, and Harris Teeter are nearby. The North Bethesda Metro Station and access to I-270 and I-495 connect the property with destinations across Montgomery County, Washington, DC, and Northern Virginia.
Key Highlights
- 839‑square‑foot residence built in 2006
- Kitchen with stainless steel appliances and a new refrigerator
- Washer and dryer located in the residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,853
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,060
$277.1K
Cap Rate 7%
$197,900
$197.9K
Cap Rate 9%
$153,922
$153.9K
Market Conditions
NOI Build-Up for 839 SF
Gross rent
$27.1K $32.28/SF
− Vacancy
−$1.9K −$2.26/SF
EGI
$25.2K $30.02/SF
− OpEx
−$11.3K −$13.51/SF
NOI
$13.9K $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%
$277,060
Cap Rate 7%
$197,900
Cap Rate 9%
$153,922
Alternative Uses
Best Use
Apartment 5plus
$197.9K
$173.2K – $230.9K
NOI $13,853 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$295.1K
$258.3K – $344.3K
NOI $20,660 @ 7.0% cap · market cap 5.90%
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
Location Intelligence
Trade Area within ½ mile
3,590
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - A stainless-steel kitchen, in-unit laundry, assigned parking and private storage support everyday use.
Where is this residential income property located?
The property is located at 11700 OLD GEORGETOWN ROAD Unit 1002 North Bethesda, MD.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 839‑square‑foot residence built in 2006; Kitchen with stainless steel appliances and a new refrigerator; Washer and dryer located in the residence
