2-Bedroom Residential Income
For Sale
$790,000
4974 SENTINEL DRIVE Unit 13-304, Bethesda, MD 20816
Spacious condominium residence with wooded views, private balcony, fireplace, and access to extensive community amenities.
Property Size1,723 SF
Price / SF$458.50
Days on Market57
Property Features for 4974 SENTINEL DRIVE Unit 13-304
General Information
Standard status
Active
Size
1,723 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,039
Amenities
24-hour gated security
swimming pool
fitness center
tennis and pickleball courts
sauna
library
community room
guest parking
direct gated access to Capital Crescent Trail
private balcony
in-unit washer and dryer
Building Details
Building Size
1,723 SF
Year Built
1975
Listing Agency:
Realty ONE Group Capital
(703) 522-6444
Listed By:
John J Akhavan · License #641050
(703) 522-6444
Source:
Kerishull
Added: Jun 26
Changed: Aug 21
Last Checked: Aug 21 at 10:29AM
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 Realty ONE Group Capital
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium residence offers 1,723 square feet of living area within Sumner Village. Interior features include hardwood flooring, a living room with fireplace, formal dining room with built-in cabinetry, and a kitchen with granite countertops and substantial storage. The primary bedroom includes an en-suite bath and generous closet space, while a full hall bath serves the second bedroom. An in-unit washer and dryer, private balcony, assigned garage parking space, and additional storage are also included.
The gated community provides 24-hour security along with a swimming pool, fitness center, tennis and pickleball courts, sauna, library, community room, guest parking, and gated access to the Capital Crescent Trail. The property is within the Walt Whitman school cluster and near shopping, dining, downtown Bethesda, Washington, DC, and Northern Virginia. Built in 1975.
The gated community provides 24-hour security along with a swimming pool, fitness center, tennis and pickleball courts, sauna, library, community room, guest parking, and gated access to the Capital Crescent Trail. The property is within the Walt Whitman school cluster and near shopping, dining, downtown Bethesda, Washington, DC, and Northern Virginia. Built in 1975.
Key Highlights
- 1,723 square feet of living area with 2 bedrooms and 2 full baths
- Private balcony with wooded views and a living room fireplace
- Hardwood floors, granite kitchen countertops, and built‑in dining room cabinetry
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
$28,449
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
3.60%
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%
$568,980
$569.0K
Cap Rate 7%
$406,414
$406.4K
Cap Rate 9%
$316,100
$316.1K
Market Conditions
NOI Build-Up for 1,723 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
$55.6K $32.28/SF
− Vacancy
−$3.9K −$2.26/SF
EGI
$51.7K $30.02/SF
− OpEx
−$23.3K −$13.51/SF
NOI
$28.4K $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 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%
$568,980
Cap Rate 7%
$406,414
Cap Rate 9%
$316,100
Alternative Uses
Best Use
Apartment 5plus
$406.4K
$355.6K – $474.2K
NOI $28,449 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$606.1K
$530.4K – $707.1K
NOI $42,428 @ 7.0% cap · market cap 5.37%
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
628
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 - Spacious condominium residence with wooded views, private balcony, fireplace, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 4974 SENTINEL DRIVE Unit 13-304 Bethesda, MD.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: 1,723 square feet of living area with 2 bedrooms and 2 full baths; Private balcony with wooded views and a living room fireplace; Hardwood floors, granite kitchen countertops, and built‑in dining room cabinetry
