Renovated Residential Income
For Sale
$680,000
5225 POOKS HILL ROAD Unit 620/622S, Bethesda, MD 20814
Updated apartment with an upgraded kitchen, two full bathrooms, garage parking, and views of greenery.
Property Size1,962 SF
Price / SF$346.59
Days on Market166
Property Features for 5225 POOKS HILL ROAD Unit 620/622S
General Information
Standard status
Active
Size
1,962 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,333
Building Details
Building Size
1,962 SF
Year Built
1973
Listing Agency:
Spring Hill Real Estate, LLC.
Listed By:
Naheed Ghassemi Abbas · License #5002331
(571) 212-2000
Source:
Kerishull
Added: Mar 25
Changed: Aug 31
Last Checked: Sep 5 at 4:38AM
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 Spring Hill Real Estate, LLC.
Investment Insights
Based on property information with market context.
This residential income property is a fully renovated apartment with light-filled living areas, LVP flooring, and a practical layout. The kitchen combines sandstone countertops, stainless-steel GE appliances, a large stainless-steel sink with pull-out faucet, white cabinetry, substantial drawer storage, and a pantry closet. Three large bedrooms provide generous closet space, including a walk-in closet, while two full bathrooms and a linen closet support daily living.
The property also includes a two-car garage and off-street parking. Front-facing views extend toward lush greenery. Built in 1973, the apartment has been updated with contemporary finishes while retaining a spacious residential configuration.
The property also includes a two-car garage and off-street parking. Front-facing views extend toward lush greenery. Built in 1973, the apartment has been updated with contemporary finishes while retaining a spacious residential configuration.
Key Highlights
- Fully renovated apartment with LVP flooring
- Three large bedrooms and two full bathrooms
- Kitchen with sandstone countertops and stainless‑steel GE appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,395
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$647,900
$647.9K
Cap Rate 7%
$462,786
$462.8K
Cap Rate 9%
$359,944
$359.9K
Market Conditions
NOI Build-Up for 1,962 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$63.3K $32.28/SF
− Vacancy
−$4.4K −$2.26/SF
EGI
$58.9K $30.02/SF
− OpEx
−$26.5K −$13.51/SF
NOI
$32.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$647,900
Cap Rate 7%
$462,786
Cap Rate 9%
$359,944
Alternative Uses
Best Use
Apartment 5plus
$462.8K
$404.9K – $539.9K
NOI $32,395 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$690.2K
$603.9K – $805.2K
NOI $48,313 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated apartment with an upgraded kitchen, two full bathrooms, garage parking, and views of greenery.
Where is this residential income property located?
The property is located at 5225 POOKS HILL ROAD Unit 620/622S Bethesda, MD.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Fully renovated apartment with LVP flooring; Three large bedrooms and two full bathrooms; Kitchen with sandstone countertops and stainless‑steel GE appliances
