Updated 2-Bedroom
For Sale
$395,000
5101 RIVER ROAD Unit 1515, Bethesda, MD 20816
Full-service building offers concierge service, fitness facilities, garage parking, and an outdoor pool.
Property Size1,336 SF
Price / SF$295.66
Days on Market112
Property Features for 5101 RIVER ROAD Unit 1515
General Information
Standard status
Active
Size
1,336 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Parking per Unit
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,896
Amenities
24-hour concierge
secure package handling
fitness center
party room
outdoor pool
picnic areas
grills
Building Details
Building Size
1,336 SF
Year Built
1969
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Wendy Soroka · License #659417
(301) 792-8702
Source:
Irvinrealtyllc
Added: Jul 11
Changed: Oct 27
Last Checked: Oct 26 at 8:31PM
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 Long & Foster Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,336-square-foot condominium at The Kenwood has two bedrooms and two bathrooms. Built in 1969, the residence features a renovated kitchen with quartz counters, GE Profile stainless steel appliances, a five-burner gas cooktop, and soft-close cabinets. Luxury vinyl plank flooring, crown molding, updated baseboards, and new closet doors are among the interior finishes. The primary bathroom has stone counters and a walk-in shower; the second full bath is also updated.
Building amenities include a 24-hour concierge, secure package handling, two reserved garage spaces, guest parking, a fitness center, and a party room. The grounds include an outdoor pool, picnic areas, and grills. Utilities are included in the condominium fee.
The property is in Bethesda, with downtown Bethesda, Friendship Heights, Metro, NIH, Walter Reed National Military Medical Center, shopping, dining, and major commuter routes described as minutes away.
Building amenities include a 24-hour concierge, secure package handling, two reserved garage spaces, guest parking, a fitness center, and a party room. The grounds include an outdoor pool, picnic areas, and grills. Utilities are included in the condominium fee.
The property is in Bethesda, with downtown Bethesda, Friendship Heights, Metro, NIH, Walter Reed National Military Medical Center, shopping, dining, and major commuter routes described as minutes away.
Key Highlights
- 1,336‑square‑foot, two‑bedroom, two‑bath condominium
- Renovated kitchen with quartz countertops, GE Profile appliances, and a five‑burner gas cooktop
- Two reserved garage parking spaces and guest parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,059
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,180
$441.2K
Cap Rate 7%
$315,129
$315.1K
Cap Rate 9%
$245,100
$245.1K
Market Conditions
NOI Build-Up for 1,336 SF
Gross rent
$43.1K $32.28/SF
− Vacancy
−$3.0K −$2.26/SF
EGI
$40.1K $30.02/SF
− OpEx
−$18.0K −$13.51/SF
NOI
$22.1K $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%
$441,180
Cap Rate 7%
$315,129
Cap Rate 9%
$245,100
Alternative Uses
Best Use
Apartment 5plus
$315.1K
$275.7K – $367.7K
NOI $22,059 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$470.0K
$411.2K – $548.3K
NOI $32,898 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
601
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Full-service building offers concierge service, fitness facilities, garage parking, and an outdoor pool.
Where is this residential income property located?
The property is located at 5101 RIVER ROAD Unit 1515 Bethesda, MD.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1,336‑square‑foot, two‑bedroom, two‑bath condominium; Renovated kitchen with quartz countertops, GE Profile appliances, and a five‑burner gas cooktop; Two reserved garage parking spaces and guest parking
