Residential Income Property with
4977 BATTERY LANE Unit 1-1010, Bethesda, MD 20814
For Sale
$280,000
A corner residence pairs two bedrooms and one bathroom with a private balcony.
Property Size1,078 SF
Price / SF$259.74
Days on Market40
Property Features for 4977 BATTERY LANE Unit 1-1010
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private balcony
concierge service
on-site management
outdoor pool
fitness center
clubhouse
ample guest parking
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Mary Noone · License MD #647940
(240) 461-3928
Source:
Signaturemoverealestate
Added: Oct 2
Changed: Nov 10
Last Checked: Nov 9 at 10:16AM
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 1,078-square-foot, two-bedroom, one-bathroom corner residence at The Whitehall includes a private balcony and separate dining area. The kitchen has shaker cabinets and stainless steel appliances, while both bedrooms feature large closets. The building dates to 1963 and occupies a seven-acre landscaped property.
Residents have access to concierge service, on-site management, an outdoor pool, fitness center, clubhouse, and guest parking. Utilities and parking are included in the condo fee. The property is near the Bethesda and Medical Center Metro stations, NIH, Battery Lane Park, and the Bethesda Trolley Trail. Downtown Bethesda shops, restaurants, and everyday services are within walking distance.
Residents have access to concierge service, on-site management, an outdoor pool, fitness center, clubhouse, and guest parking. Utilities and parking are included in the condo fee. The property is near the Bethesda and Medical Center Metro stations, NIH, Battery Lane Park, and the Bethesda Trolley Trail. Downtown Bethesda shops, restaurants, and everyday services are within walking distance.
Key Highlights
- 1,078‑square‑foot corner residence with 2 bedrooms and 1 bathroom
- Private balcony and separate dining area
- Part of The Whitehall, set on 7 landscaped acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,799
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,980
$356.0K
Cap Rate 7%
$254,271
$254.3K
Cap Rate 9%
$197,767
$197.8K
Market Conditions
NOI Build-Up for 1,078 SF
Gross rent
$34.8K $32.28/SF
− Vacancy
−$2.4K −$2.26/SF
EGI
$32.4K $30.02/SF
− OpEx
−$14.6K −$13.51/SF
NOI
$17.8K $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%
$355,980
Cap Rate 7%
$254,271
Cap Rate 9%
$197,767
Alternative Uses
Best Use
Apartment 5plus
$254.3K
$222.5K – $296.7K
NOI $17,799 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$379.2K
$331.8K – $442.4K
NOI $26,545 @ 7.0% cap · market cap 9.48%
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
$976,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Montgomery County, MD
Properties on Market for Residential income properties in Montgomery County
Frequently Asked Questions
What type of property is this?
Residential income property - A corner residence pairs two bedrooms and one bathroom with a private balcony.
Where is this residential income property located?
The property is located at 4977 BATTERY LANE Unit 1-1010 Bethesda, MD.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,078‑square‑foot corner residence with 2 bedrooms and 1 bathroom; Private balcony and separate dining area; Part of The Whitehall, set on 7 landscaped acres
