2-Bedroom
For Sale
$420,000
5101 RIVER ROAD Unit 1703, Bethesda, MD 20816
A renovated residence pairs a private balcony and northwest views with dedicated underground parking and a separate storage cage.
Property Size1,336 SF
Price / SF$314.37
Days on Market57
Property Features for 5101 RIVER ROAD Unit 1703
General Information
Standard status
Active
Size
1,336 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Parking per Unit
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,919
Amenities
spacious balcony
storage cage
24-hour concierge service
fitness center
additional storage
heated pool
landscaped promenade
walking paths
gas grills
inviting gathering spaces
Kenwood Room
Building Details
Building Size
1,336 SF
Year Built
1969
Listing Agency:
RLAH @properties
Listed By:
Rebecca DeBakey · License #573447
(301) 452-4454
Source:
Irvinrealtyllc
Added: Sep 2
Changed: Oct 27
Last Checked: Oct 26 at 7:40PM
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 RLAH @properties
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Investment Insights
Based on property information with market context.
This 1,336-square-foot condominium has two bedrooms and two bathrooms, with northwest-facing views and a balcony. Recent interior work includes luxury vinyl flooring, a kitchen with quartz countertops and GE Profile appliances, and updated bathroom fixtures. Dimmable ceiling lights serve the living room and both bedrooms; the dining room features Fornasetti Nuvolette wallpaper. A separately deeded underground parking space and storage cage are included.
The Kenwood community provides 24-hour concierge service, a fitness center, a heated pool, walking paths, a landscaped promenade, gas grills and gathering areas. Residents can also use a community room with a kitchen, seating and a large-screen television. Utilities are included in the condo fee.
Nearby destinations include Whole Foods, neighborhood restaurants, Westbard Square, Friendship Heights shopping and Metro, and the Capital Crescent Trail. A bus stop is across River Road, with Ride-On service to Friendship Heights Metro.
The Kenwood community provides 24-hour concierge service, a fitness center, a heated pool, walking paths, a landscaped promenade, gas grills and gathering areas. Residents can also use a community room with a kitchen, seating and a large-screen television. Utilities are included in the condo fee.
Nearby destinations include Whole Foods, neighborhood restaurants, Westbard Square, Friendship Heights shopping and Metro, and the Capital Crescent Trail. A bus stop is across River Road, with Ride-On service to Friendship Heights Metro.
Key Highlights
- 1,336 square feet with 2 bedrooms and 2 bathrooms
- Recent interior renovation includes quartz kitchen counters, GE Profile appliances and luxury vinyl flooring
- Northwest‑facing views and a private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,059
Cap Rate
5.25%
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 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$470.0K
$411.2K – $548.3K
NOI $32,898 @ 7.0% cap · market cap 7.83%
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 - A renovated residence pairs a private balcony and northwest views with dedicated underground parking and a separate storage cage.
Where is this residential income property located?
The property is located at 5101 RIVER ROAD Unit 1703 Bethesda, MD.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 1,336 square feet with 2 bedrooms and 2 bathrooms; Recent interior renovation includes quartz kitchen counters, GE Profile appliances and luxury vinyl flooring; Northwest‑facing views and a private balcony
