Residential Income Property with
For Sale
$519,900
11750 OLD GEORGETOWN Unit 2315, North Bethesda, MD 20852
Three-bedroom condominium with dual deeded parking and an open kitchen, dining, and living arrangement.
Property Size1,532 SF
Price / SF$339.36
Days on Market189
Property Features for 11750 OLD GEORGETOWN Unit 2315
General Information
Standard status
Active
Size
1,532 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Parking per Unit
2
Additional Details
Furnished
No
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,510
Amenities
private balcony
Building Details
Building Size
1,532 SF
Year Built
1999
Listing Agency:
Real Broker, LLC - Gaithersburg
Listed By:
William Thomas Lindsey · License #5005339
(315) 727-2597
Source:
Kerishull
Added: Apr 16
Changed: Oct 20
Last Checked: Oct 21 at 6:45AM
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 Real Broker, LLC - Gaithersburg
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Investment Insights
Based on property information with market context.
This residential income property is a 1,532-square-foot condominium completed in 1999, offering three bedrooms and two bathrooms. The interior centers on an open kitchen, dining, and living area, with a private balcony overlooking a landscaped courtyard. The kitchen includes stainless steel appliances, a gas cooktop, and granite countertops. A private deeded garage on the level below the residence is paired with a second deeded space in the community garage.
The property is located at 11750 Old Georgetown in North Bethesda, Maryland. Pike & Rose is nearby with shopping, dining, and entertainment, while the White Flint/North Bethesda Metro station is within walking distance. Grocery options in the surrounding area include Wegmans, Whole Foods, Trader Joe’s, Giant, Aldi, and MOM’s Organic Market.
The property is located at 11750 Old Georgetown in North Bethesda, Maryland. Pike & Rose is nearby with shopping, dining, and entertainment, while the White Flint/North Bethesda Metro station is within walking distance. Grocery options in the surrounding area include Wegmans, Whole Foods, Trader Joe’s, Giant, Aldi, and MOM’s Organic Market.
Key Highlights
- 1,532 SF condominium with three bedrooms and two bathrooms
- Private deeded garage plus a second deeded community‑garage space
- Open‑concept kitchen, dining, and living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,295
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,900
$505.9K
Cap Rate 7%
$361,357
$361.4K
Cap Rate 9%
$281,056
$281.1K
Market Conditions
NOI Build-Up for 1,532 SF
Gross rent
$49.5K $32.28/SF
− Vacancy
−$3.5K −$2.26/SF
EGI
$46.0K $30.02/SF
− OpEx
−$20.7K −$13.51/SF
NOI
$25.3K $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%
$505,900
Cap Rate 7%
$361,357
Cap Rate 9%
$281,056
Alternative Uses
Best Use
Apartment 5plus
$361.4K
$316.2K – $421.6K
NOI $25,295 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$538.9K
$471.6K – $628.8K
NOI $37,725 @ 7.0% cap · market cap 7.26%
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 - Three-bedroom condominium with dual deeded parking and an open kitchen, dining, and living arrangement.
Where is this residential income property located?
The property is located at 11750 OLD GEORGETOWN Unit 2315 North Bethesda, MD.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: 1,532 SF condominium with three bedrooms and two bathrooms; Private deeded garage plus a second deeded community‑garage space; Open‑concept kitchen, dining, and living area
