One-Bedroom Residential Income
For Sale
$308,000
4801 FAIRMONT AVENUE Unit 811, Bethesda, MD 20814
The residence includes a balcony, in-unit laundry, hardwood flooring, and an updated bathroom.
Property Size626 SF
Price / SF$492.01
Days on Market23
Property Features for 4801 FAIRMONT AVENUE Unit 811
General Information
Standard status
Active
Size
626 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,569
Amenities
balcony
washer/dryer
Building Details
Building Size
626 SF
Year Built
1990
Listing Agency:
HomeSmart
Listed By:
Shaila S Sharmeen · License #577186
(301) 332-7380
Source:
Horsefarmsandcountryhomes
Added: Oct 8
Changed: Oct 27
Last Checked: Oct 26 at 7:02PM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This 626-square-foot corner residence has one bedroom and a spacious walk-in closet. Hardwood flooring extends throughout, while the modern kitchen features granite countertops, wood cabinetry, and stainless-steel appliances. An updated bathroom and newer washer and dryer are also included. Built in 1990, the unit sits on the eighth floor and has a balcony with views.
The property is at 4801 Fairmont Avenue in Bethesda, near shops, the Metro, bus service, and restaurants. Parking is available for rent.
The property is at 4801 Fairmont Avenue in Bethesda, near shops, the Metro, bus service, and restaurants. Parking is available for rent.
Key Highlights
- 626‑square‑foot corner unit with one bedroom
- Balcony on the eighth floor with views
- Kitchen features granite countertops, wood cabinetry, and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,336
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,720
$206.7K
Cap Rate 7%
$147,657
$147.7K
Cap Rate 9%
$114,844
$114.8K
Market Conditions
NOI Build-Up for 626 SF
Gross rent
$20.2K $32.28/SF
− Vacancy
−$1.4K −$2.26/SF
EGI
$18.8K $30.02/SF
− OpEx
−$8.5K −$13.51/SF
NOI
$10.3K $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%
$206,720
Cap Rate 7%
$147,657
Cap Rate 9%
$114,844
Alternative Uses
Best Use
Apartment 5plus
$147.7K
$129.2K – $172.3K
NOI $10,336 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$220.2K
$192.7K – $256.9K
NOI $15,415 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,763
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes a balcony, in-unit laundry, hardwood flooring, and an updated bathroom.
Where is this residential income property located?
The property is located at 4801 FAIRMONT AVENUE Unit 811 Bethesda, MD.
What is the asking price?
The asking price for this property is $308,000.
What are key features of this property?
This property features: 626‑square‑foot corner unit with one bedroom; Balcony on the eighth floor with views; Kitchen features granite countertops, wood cabinetry, and stainless‑steel appliances
