Two-Bedroom Condo with
For Sale
$314,000
5101 RIVER ROAD Unit 513, Bethesda, MD 20816
Residents have access to a pool, fitness center, concierge service, and community room.
Property Size1,360 SF
Price / SF$230.88
Days on Market126
Property Features for 5101 RIVER ROAD Unit 513
General Information
Standard status
Active
Size
1,360 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,781
Amenities
24-hour concierge
pool
fitness center
community/party room
beautifully landscaped outdoor space
private balcony
Building Details
Building Size
1,360 SF
Year Built
1969
Listing Agency:
The Agency DC
Listed By:
Brittany Volkmer
(240) 994-0873
Source:
Exqrealestate
Added: Jun 25
Changed: Oct 27
Last Checked: Oct 27 at 3:22AM
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 The Agency DC
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium features an open living and dining area, parquet floors, crown molding, and a private balcony. The kitchen has granite countertops, a gas range, and a built-in microwave. The primary suite includes an en-suite bath with a glass-door shower, while a second full bathroom serves the additional bedroom. A garage space and separate storage unit are included, and the building provides elevator access from the garage. The property was built in 1969.
Building amenities include a 24-hour concierge, pool, fitness center, community room, and landscaped outdoor areas. Friendship Heights Metro is nearby, and Westbard Square is directly across the street, with grocery, dining, and café options among its businesses.
Building amenities include a 24-hour concierge, pool, fitness center, community room, and landscaped outdoor areas. Friendship Heights Metro is nearby, and Westbard Square is directly across the street, with grocery, dining, and café options among its businesses.
Key Highlights
- Two bedrooms and two bathrooms
- Private balcony, parquet flooring, and crown molding
- Garage parking space #54B and storage unit #513
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,455
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,100
$449.1K
Cap Rate 7%
$320,786
$320.8K
Cap Rate 9%
$249,500
$249.5K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$43.9K $32.28/SF
− Vacancy
−$3.1K −$2.26/SF
EGI
$40.8K $30.02/SF
− OpEx
−$18.4K −$13.51/SF
NOI
$22.5K $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%
$449,100
Cap Rate 7%
$320,786
Cap Rate 9%
$249,500
Alternative Uses
Best Use
Apartment 5plus
$320.8K
$280.7K – $374.3K
NOI $22,455 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$478.4K
$418.6K – $558.2K
NOI $33,489 @ 7.0% cap · market cap 10.67%
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
601
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to a pool, fitness center, concierge service, and community room.
Where is this residential income property located?
The property is located at 5101 RIVER ROAD Unit 513 Bethesda, MD.
What is the asking price?
The asking price for this property is $314,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; Private balcony, parquet flooring, and crown molding; Garage parking space #54B and storage unit #513
