One-Bedroom Residential
For Sale
$150,000
5225 POOKS HILL ROAD Unit 602S, Bethesda, MD 20814
A 630-square-foot layout combines a private balcony, garage parking, and access to extensive on-site amenities.
Property Size631 SF
Price / SF$238.10
Days on Market46
Property Features for 5225 POOKS HILL ROAD Unit 602S
General Information
Standard status
Active
Size
631 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,737
Amenities
indoor pool
outdoor pool
fitness center
tennis courts
pickleball courts
observation deck
resident lounge
outdoor firepit
barbecue terraces
cornhole
on-site market and deli
restaurant
dry cleaner and alterations
salon and massage
doctors' offices
EV charging stations
car-washing area
garage and guest parking
24-hour front desk service
gated security
professional on-site management
Building Details
Building Size
631 SF
Year Built
1973
Listing Agency:
RE/MAX Allegiance
Listed By:
Ressie R Wallace Wilson · License #520344
(202) 359-9641
Source:
Jackrealtygroup
Added: Sep 15
Changed: Oct 27
Last Checked: Oct 26 at 3:18PM
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 Allegiance
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Investment Insights
Based on property information with market context.
Residence 602S is a one-bedroom home with approximately 630 square feet, cherry wood floors, and a kitchen with stainless-steel appliances, glass-front cabinetry, and a breakfast bar. The open living and dining area connects to a private balcony. A walk-in bedroom closet has a custom organization system, while a separate entry closet adds storage. The unit also includes dedicated garage parking space G3 1019 and sits near the elevators and laundry room. The building dates to 1973.
The Promenade occupies approximately 24 landscaped acres and offers indoor and outdoor pools, a fitness center, tennis and pickleball courts, resident lounge, outdoor firepit, barbecue terraces, and an observation deck. On-site services include a market and deli, restaurant, dry cleaner, salon, doctors' offices, EV charging, car washing, gated security, and 24-hour front-desk service. Local bus service and access to the Grosvenor-Strathmore Metro connect residents with Bethesda, Washington, DC, and the region. Leasing is subject to the community's governing documents, approval requirements, and applicable regulations.
The Promenade occupies approximately 24 landscaped acres and offers indoor and outdoor pools, a fitness center, tennis and pickleball courts, resident lounge, outdoor firepit, barbecue terraces, and an observation deck. On-site services include a market and deli, restaurant, dry cleaner, salon, doctors' offices, EV charging, car washing, gated security, and 24-hour front-desk service. Local bus service and access to the Grosvenor-Strathmore Metro connect residents with Bethesda, Washington, DC, and the region. Leasing is subject to the community's governing documents, approval requirements, and applicable regulations.
Key Highlights
- One‑bedroom residence with approximately 630 square feet
- Private balcony overlooking landscaped grounds, pools, and terraces
- Dedicated garage parking space G3 1019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,402
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,040
$208.0K
Cap Rate 7%
$148,600
$148.6K
Cap Rate 9%
$115,578
$115.6K
Market Conditions
NOI Build-Up for 630 SF
Gross rent
$20.3K $32.28/SF
− Vacancy
−$1.4K −$2.26/SF
EGI
$18.9K $30.02/SF
− OpEx
−$8.5K −$13.51/SF
NOI
$10.4K $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%
$208,040
Cap Rate 7%
$148,600
Cap Rate 9%
$115,578
Alternative Uses
Best Use
Apartment 5plus
$148.6K
$130.0K – $173.4K
NOI $10,402 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$221.6K
$193.9K – $258.6K
NOI $15,513 @ 7.0% cap · market cap 10.34%
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
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 630-square-foot layout combines a private balcony, garage parking, and access to extensive on-site amenities.
Where is this residential income property located?
The property is located at 5225 POOKS HILL ROAD Unit 602S Bethesda, MD.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: One‑bedroom residence with approximately 630 square feet; Private balcony overlooking landscaped grounds, pools, and terraces; Dedicated garage parking space G3 1019
