Renovated Residential Income
For Sale
$645,000
4970 SENTINEL DRIVE Unit 11-405, Bethesda, MD 20816
Two-bedroom condominium with updated interiors, private balcony, in-unit laundry, and access to community amenities.
Property Size1,491 SF
Price / SF$432.60
Days on Market84
Property Features for 4970 SENTINEL DRIVE Unit 11-405
General Information
Standard status
Active
Size
1,491 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,061
Amenities
outdoor pool
tennis courts
clubhouse
scenic jogging and walking paths
in-unit laundry
extra storage
secure building access
wood-burning fireplace
private balcony
Building Details
Building Size
1,491 SF
Year Built
1975
Listing Agency:
Long & Foster Real Estate, Inc.
(301) 466-5898
Listed By:
Andrea S Alderdice · License #508237
(301) 466-5898
Source:
Kerishull
Added: May 21
Changed: Aug 9
Last Checked: Aug 11 at 12:07PM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This renovated two-bedroom, two-bath condominium offers 1,491 square feet of living space within the Sumner Village community. The residence features new flooring, lighting, paint, and windows scheduled for installation at the seller’s expense. Its updated kitchen includes new appliances, quartz countertops, ample cabinetry, and space for a table, with French doors connecting to a separate dining room. A wood-burning fireplace anchors the living room, which opens onto a private balcony overlooking the courtyard. In-unit laundry, additional storage, and secure building access add practical convenience.
Community amenities include an outdoor pool, tennis courts, a clubhouse, and landscaped jogging and walking paths. Parking is located outside the building. The property was built in 1975 and is located in Bethesda, Maryland.
Community amenities include an outdoor pool, tennis courts, a clubhouse, and landscaped jogging and walking paths. Parking is located outside the building. The property was built in 1975 and is located in Bethesda, Maryland.
Key Highlights
- Renovated 2‑bedroom, 2‑bath condominium with 1,491 square feet of living space
- Updated kitchen with new appliances, quartz countertops, ample cabinetry, and table space
- Private balcony overlooks a landscaped courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,618
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,360
$492.4K
Cap Rate 7%
$351,686
$351.7K
Cap Rate 9%
$273,533
$273.5K
Market Conditions
NOI Build-Up for 1,491 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.1K $32.28/SF
− Vacancy
−$3.4K −$2.26/SF
EGI
$44.8K $30.02/SF
− OpEx
−$20.1K −$13.51/SF
NOI
$24.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,360
Cap Rate 7%
$351,686
Cap Rate 9%
$273,533
Alternative Uses
Best Use
Apartment 5plus
$351.7K
$307.7K – $410.3K
NOI $24,618 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$524.5K
$458.9K – $611.9K
NOI $36,715 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 20816, MD
17,035
Population
6,779
Households
2.5
Avg Household Size
45
Median Age
89%
College-Educated
98%
High-School Grad
3.6 sq mi
ZIP Area
4,732
Density / Sq Mi
$231,284
Median Household Income
$112,963
Median Earnings
$2,723
Median Rent
$1,166,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with updated interiors, private balcony, in-unit laundry, and access to community amenities.
Where is this residential income property located?
The property is located at 4970 SENTINEL DRIVE Unit 11-405 Bethesda, MD.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Renovated 2‑bedroom, 2‑bath condominium with 1,491 square feet of living space; Updated kitchen with new appliances, quartz countertops, ample cabinetry, and table space; Private balcony overlooks a landscaped courtyard
