Penthouse Co-op
For Sale
$230,000
5225 POOKS HILL ROAD Unit 1822S, Bethesda, MD 20814
A one-bedroom home pairs hardwood floors and a private tiled balcony with access to on-site recreation and fitness amenities.
Property Size981 SF
Price / SF$234.45
Days on Market81
Property Features for 5225 POOKS HILL ROAD Unit 1822S
General Information
Standard status
Active
Size
981 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR Deluxe
Multifamily Units
1
Additional Details
HOA Fee
$1,522
Taxes and HOA fees
Annual Taxes
$2,131
Amenities
indoor pool
outdoor pool
fitness facilities
tennis courts
pickleball courts
recreation areas
landscaped grounds
security
Building Details
Building Size
981 SF
Year Built
1973
Listing Agency:
RE/MAX Realty Services
Listed By:
Gretchen A Neiderlander · License #615873
(301) 524-7442
Source:
Jackrealtygroup
Added: Aug 12
Changed: Oct 27
Last Checked: Oct 26 at 3:10PM
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 RE/MAX Realty Services
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Investment Insights
Based on property information with market context.
This penthouse residence at The Promenade has one bedroom, 10-foot ceilings, and a private tiled balcony. Interior finishes include SieMatic kitchen cabinetry, solid hardwood floors, recessed lighting, marble flooring in the foyer and enlarged bathroom, and a bidet. The building dates to 1973.
Residents have access to indoor and outdoor pools, fitness facilities, tennis and pickleball courts, recreation areas, landscaped grounds, and security. The property is in Bethesda, Maryland.
Residents have access to indoor and outdoor pools, fitness facilities, tennis and pickleball courts, recreation areas, landscaped grounds, and security. The property is in Bethesda, Maryland.
Key Highlights
- One‑bedroom penthouse residence at The Promenade
- 10‑foot ceilings and private tiled balcony
- SieMatic kitchen cabinetry, solid hardwood floors, and recessed lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,198
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,960
$324.0K
Cap Rate 7%
$231,400
$231.4K
Cap Rate 9%
$179,978
$180.0K
Market Conditions
NOI Build-Up for 981 SF
Gross rent
$31.7K $32.28/SF
− Vacancy
−$2.2K −$2.26/SF
EGI
$29.5K $30.02/SF
− OpEx
−$13.3K −$13.51/SF
NOI
$16.2K $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%
$323,960
Cap Rate 7%
$231,400
Cap Rate 9%
$179,978
Alternative Uses
Best Use
Apartment 5plus
$231.4K
$202.5K – $270.0K
NOI $16,198 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$345.1K
$302.0K – $402.6K
NOI $24,156 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
455
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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Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom home pairs hardwood floors and a private tiled balcony with access to on-site recreation and fitness amenities.
Where is this residential income property located?
The property is located at 5225 POOKS HILL ROAD Unit 1822S Bethesda, MD.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: One‑bedroom penthouse residence at The Promenade; 10‑foot ceilings and private tiled balcony; SieMatic kitchen cabinetry, solid hardwood floors, and recessed lighting
