Two-Bedroom Residential
For Sale
$283,000
4977 BATTERY LANE Unit 1-711, Bethesda, MD 20814
The residence includes a private balcony, updated kitchen, and two unassigned parking spaces.
Property Size1,069 SF
Price / SF$264.73
Days on Market14
Property Features for 4977 BATTERY LANE Unit 1-711
General Information
Standard status
Active
Size
1,069 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,492
Amenities
private balcony
lobby desk
fitness center
laundry facilities
community room
pool
wading pool
Building Details
Building Size
1,069 SF
Year Built
1963
Listing Agency:
Compass
Listed By:
District Property Group
(202) 286-1658
Source:
Districtpropertygroup
Added: Oct 15
Changed: Oct 27
Last Checked: Oct 27 at 3:17AM
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 1,069-square-foot condominium has two bedrooms and an open living area with a separate dining space. Glass doors open to a private balcony, while the updated kitchen features quartz countertops and gas cooking. Both bedrooms have built-in closet systems. The building dates to 1963.
Residents have access to a fitness center, laundry facilities, a community room, an outdoor pool with a wading pool, and a lobby desk. The condo fee includes all utilities and two unassigned parking spaces.
The property is in Bethesda, between two Metro stations and near shopping, dining, and paths for biking and jogging.
Residents have access to a fitness center, laundry facilities, a community room, an outdoor pool with a wading pool, and a lobby desk. The condo fee includes all utilities and two unassigned parking spaces.
The property is in Bethesda, between two Metro stations and near shopping, dining, and paths for biking and jogging.
Key Highlights
- Two‑bedroom residence with 1,069 square feet
- Condo fee covers all utilities
- Two unassigned parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,650
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,000
$353.0K
Cap Rate 7%
$252,143
$252.1K
Cap Rate 9%
$196,111
$196.1K
Market Conditions
NOI Build-Up for 1,069 SF
Gross rent
$34.5K $32.28/SF
− Vacancy
−$2.4K −$2.26/SF
EGI
$32.1K $30.02/SF
− OpEx
−$14.4K −$13.51/SF
NOI
$17.7K $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%
$353,000
Cap Rate 7%
$252,143
Cap Rate 9%
$196,111
Alternative Uses
Best Use
Apartment 5plus
$252.1K
$220.6K – $294.2K
NOI $17,650 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$376.0K
$329.0K – $438.7K
NOI $26,323 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,029
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 private balcony, updated kitchen, and two unassigned parking spaces.
Where is this residential income property located?
The property is located at 4977 BATTERY LANE Unit 1-711 Bethesda, MD.
What is the asking price?
The asking price for this property is $283,000.
What are key features of this property?
This property features: Two‑bedroom residence with 1,069 square feet; Condo fee covers all utilities; Two unassigned parking spaces
