Condominium Unit with Private
For Sale
$199,500
4977 BATTERY LANE Unit 1-921, Bethesda, MD 20814
The two-bedroom home also features a separate dining area and a white kitchen with stainless steel appliances.
Property Size1,044 SF
Price / SF$191.09
Days on Market49
Property Features for 4977 BATTERY LANE Unit 1-921
General Information
Standard status
Active
Size
1,044 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,228
Amenities
private balcony
concierge
outdoor pool
fitness center
clubhouse
guest parking
Building Details
Building Size
1,044 SF
Year Built
1963
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 26 at 2:35PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 1,078-square-foot condominium has two bedrooms and one bathroom, with a private balcony, a separate dining area, and a living room with treetop and Bethesda skyline views. The kitchen has shaker cabinetry and stainless steel appliances. Both bedrooms have large closets and windows, and the shared bathroom includes a shower and tub. Built in 1963, the unit is part of The Whitehall, a residential community set across seven landscaped acres.
Community features include concierge service, on-site management, an outdoor pool, fitness center, clubhouse, and guest parking. Utilities and parking are included in the condo fee. Bethesda and Medical Center Metro stations, NIH, Battery Lane Park, and the Bethesda Trolley Trail are nearby, as are downtown Bethesda shops and restaurants.
Community features include concierge service, on-site management, an outdoor pool, fitness center, clubhouse, and guest parking. Utilities and parking are included in the condo fee. Bethesda and Medical Center Metro stations, NIH, Battery Lane Park, and the Bethesda Trolley Trail are nearby, as are downtown Bethesda shops and restaurants.
Key Highlights
- 1,078‑square‑foot, two‑bedroom, one‑bathroom condominium
- Private balcony with treetop and Bethesda skyline views
- Community occupies seven landscaped acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,238
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,760
$344.8K
Cap Rate 7%
$246,257
$246.3K
Cap Rate 9%
$191,533
$191.5K
Market Conditions
NOI Build-Up for 1,044 SF
Gross rent
$33.7K $32.28/SF
− Vacancy
−$2.4K −$2.26/SF
EGI
$31.3K $30.02/SF
− OpEx
−$14.1K −$13.51/SF
NOI
$17.2K $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%
$344,760
Cap Rate 7%
$246,257
Cap Rate 9%
$191,533
Alternative Uses
Best Use
Apartment 5plus
$246.3K
$215.5K – $287.3K
NOI $17,238 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$367.3K
$321.4K – $428.5K
NOI $25,708 @ 7.0% cap · market cap 12.89%
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 two-bedroom home also features a separate dining area and a white kitchen with stainless steel appliances.
Where is this residential income property located?
The property is located at 4977 BATTERY LANE Unit 1-921 Bethesda, MD.
What is the asking price?
The asking price for this property is $199,500.
What are key features of this property?
This property features: 1,078‑square‑foot, two‑bedroom, one‑bathroom condominium; Private balcony with treetop and Bethesda skyline views; Community occupies seven landscaped acres
