Ground-Level Residential Income
For Sale
$349,900
11750 OLD GEORGETOWN ROAD Unit 2433, North Bethesda, MD 20852
Two assigned covered garage spaces and a private storage unit accompany this ground-level residence.
Property Size1,055 SF
Price / SF$331.66
Days on Market57
Property Features for 11750 OLD GEORGETOWN ROAD Unit 2433
General Information
Standard status
Active
Size
1,055 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,783
Amenities
outdoor pool
fitness center
concierge
party room
business center
grilling stations
bike storage
secure access
landscaped common areas
on-site management
pet-friendly
handicap accessible
private storage
in-unit laundry
Building Details
Building Size
1,055 SF
Year Built
1999
Construction
garden-style
Listing Agency:
KBM Realtors, LLC
Listed By:
Kevin B Moody · License #511742
(301) 661-3588
Source:
Signaturemoverealestate
Added: Sep 4
Changed: Oct 27
Last Checked: Oct 26 at 2:33PM
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 KBM Realtors, LLC
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 1,333-square-foot, ground-level condominium in White Flint Station has two bedrooms and two full baths. Interior features include KitchenAid stainless steel appliances, cherry cabinetry, upgraded countertops and flooring, ceiling fans, and a laundry room with upgraded cabinetry. The primary suite includes an en-suite bath and generous closet space. Two assigned covered garage parking spaces, including a handicap/van-accessible space, and a private storage unit are included. The building was completed in 1999.
Residents have access to an outdoor pool, fitness center, concierge, party room, business center, grilling stations, bike storage, secure entry, and landscaped common areas. The community is adjacent to the North Bethesda Metro Red Line station and near Pike & Rose, Whole Foods, Wegmans, Trader Joe’s, dining, shopping, and entertainment.
Residents have access to an outdoor pool, fitness center, concierge, party room, business center, grilling stations, bike storage, secure entry, and landscaped common areas. The community is adjacent to the North Bethesda Metro Red Line station and near Pike & Rose, Whole Foods, Wegmans, Trader Joe’s, dining, shopping, and entertainment.
Key Highlights
- 1,333‑square‑foot ground‑level condominium with two bedrooms and two full baths
- Two assigned covered garage spaces, including a handicap/van‑accessible space
- Private storage unit included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,419
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,380
$348.4K
Cap Rate 7%
$248,843
$248.8K
Cap Rate 9%
$193,544
$193.5K
Market Conditions
NOI Build-Up for 1,055 SF
Gross rent
$34.1K $32.28/SF
− Vacancy
−$2.4K −$2.26/SF
EGI
$31.7K $30.02/SF
− OpEx
−$14.3K −$13.51/SF
NOI
$17.4K $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%
$348,380
Cap Rate 7%
$248,843
Cap Rate 9%
$193,544
Alternative Uses
Best Use
Apartment 5plus
$248.8K
$217.7K – $290.3K
NOI $17,419 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$371.1K
$324.7K – $433.0K
NOI $25,979 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
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 - Two assigned covered garage spaces and a private storage unit accompany this ground-level residence.
Where is this residential income property located?
The property is located at 11750 OLD GEORGETOWN ROAD Unit 2433 North Bethesda, MD.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,333‑square‑foot ground‑level condominium with two bedrooms and two full baths; Two assigned covered garage spaces, including a handicap/van‑accessible space; Private storage unit included
