Short-Term Rental
For Sale
$309,990
4801 FAIRMONT AVENUE Unit 909, Bethesda, MD 20814
The one-bedroom residence includes in-unit laundry and a kitchen that opens to the dining and living areas.
Property Size640 SF
Price / SF$484.36
Days on Market49
Property Features for 4801 FAIRMONT AVENUE Unit 909
General Information
Standard status
Active
Size
640 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,539
Amenities
in-unit laundry
on-site maintenance technician
on-site management
Building Details
Building Size
640 SF
Year Built
1990
Listing Agency:
Compass
Listed By:
David Abramson · License #638834
(240) 475-5001
Source:
Jackrealtygroup
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 26 at 2:41PM
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 Compass
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Investment Insights
Based on property information with market context.
This 640-square-foot condominium occupies the ninth floor of a 1990 building and has a one-bedroom, one-bath layout. Southern exposure brings natural light into the unit, which also features granite kitchen countertops, two bedroom closets including a walk-in, and in-unit laundry. Recent work includes fresh paint and refinished floors. The building has on-site management and maintenance support, and it permits short-term rentals.
The residence is in downtown Bethesda, within steps of Bethesda Row, Metro, restaurants, shops, and entertainment. Garage parking is available through a separately owned parking spot; a county public garage is another nearby parking option.
The residence is in downtown Bethesda, within steps of Bethesda Row, Metro, restaurants, shops, and entertainment. Garage parking is available through a separately owned parking spot; a county public garage is another nearby parking option.
Key Highlights
- 640‑square‑foot, one‑bedroom, one‑bath condominium on the ninth floor
- Southern exposure and downtown skyline views
- Granite kitchen counters, two bedroom closets, including a walk‑in, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,567
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,340
$211.3K
Cap Rate 7%
$150,957
$151.0K
Cap Rate 9%
$117,411
$117.4K
Market Conditions
NOI Build-Up for 640 SF
Gross rent
$20.7K $32.28/SF
− Vacancy
−$1.4K −$2.26/SF
EGI
$19.2K $30.02/SF
− OpEx
−$8.6K −$13.51/SF
NOI
$10.6K $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%
$211,340
Cap Rate 7%
$150,957
Cap Rate 9%
$117,411
Alternative Uses
Best Use
Apartment 5plus
$151.0K
$132.1K – $176.1K
NOI $10,567 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$225.1K
$197.0K – $262.7K
NOI $15,760 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - The one-bedroom residence includes in-unit laundry and a kitchen that opens to the dining and living areas.
Where is this short term rental property located?
The property is located at 4801 FAIRMONT AVENUE Unit 909 Bethesda, MD.
What is the asking price?
The asking price for this property is $309,990.
What are key features of this property?
This property features: 640‑square‑foot, one‑bedroom, one‑bath condominium on the ninth floor; Southern exposure and downtown skyline views; Granite kitchen counters, two bedroom closets, including a walk‑in, and in‑unit laundry
