Renovated Residential Income
For Sale
$599,000
5000 BATTERY LANE Unit 706, Bethesda, MD 20814
Two-bedroom residence with updated systems, appliances, bathrooms, and finishes.
Property Size1,301 SF
Price / SF$460.42
Days on Market63
Property Features for 5000 BATTERY LANE Unit 706
General Information
Standard status
Active
Size
1,301 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,138
Building Details
Building Size
1,301 SF
Year Built
1989
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Ejona Yazgan
(703) 223-9233
Source:
Kerishull
Added: Aug 14
Changed: Oct 15
Last Checked: Oct 15 at 5:40AM
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 Pearson Smith Realty, LLC
Investment Insights
Based on property information with market context.
This 2BR/2BA residential income property offers approximately 1,301 square feet of renovated interior space. The unit includes new flooring, fully updated bathrooms, a new HVAC system, new appliances, fresh paint, and contemporary finishes throughout. Abundant natural light and sweeping city views add to the interior presentation, while the completed improvements support immediate residential use.
The property is located in Bethesda, with Metro access and downtown Bethesda, restaurants, shopping, and major commuter routes nearby. The 1989-built residence combines a two-bedroom, two-bath layout with extensive recent updates in a centrally situated setting.
The property is located in Bethesda, with Metro access and downtown Bethesda, restaurants, shopping, and major commuter routes nearby. The 1989-built residence combines a two-bedroom, two-bath layout with extensive recent updates in a centrally situated setting.
Key Highlights
- Approximately 1,301 SF with a 2BR/2BA layout
- Fully renovated bathrooms and new flooring
- New HVAC system and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,481
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,620
$429.6K
Cap Rate 7%
$306,871
$306.9K
Cap Rate 9%
$238,678
$238.7K
Market Conditions
NOI Build-Up for 1,301 SF
Gross rent
$42.0K $32.28/SF
− Vacancy
−$2.9K −$2.26/SF
EGI
$39.1K $30.02/SF
− OpEx
−$17.6K −$13.51/SF
NOI
$21.5K $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%
$429,620
Cap Rate 7%
$306,871
Cap Rate 9%
$238,678
Alternative Uses
Best Use
Apartment 5plus
$306.9K
$268.5K – $358.0K
NOI $21,481 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$457.7K
$400.5K – $533.9K
NOI $32,036 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,708
Businesses Nearby
Explore this area
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 - Two-bedroom residence with updated systems, appliances, bathrooms, and finishes.
Where is this residential income property located?
The property is located at 5000 BATTERY LANE Unit 706 Bethesda, MD.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Approximately 1,301 SF with a 2BR/2BA layout; Fully renovated bathrooms and new flooring; New HVAC system and appliances
