Three-Bedroom Residential Income
For Sale
$475,000
5301 WESTBARD CIRCLE Unit 334, Bethesda, MD 20816
End-of-wing condominium residence with three bedrooms, abundant natural light, and extensive shared amenities.
Property Size1,896 SF
Price / SF$250.53
Days on Market54
Property Features for 5301 WESTBARD CIRCLE Unit 334
General Information
Standard status
Active
Size
1,896 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
a little renovation
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,577
Amenities
pool
gym
tennis court
barbecue area
common courtyard
rooftop deck
bike room
common storage
private storage
concierge service
security system
laundry facilities
on-site parking
Building Details
Building Size
1,896 SF
Year Built
1960
Listing Agency:
Compass
Listed By:
Timothy-Jay Morton · License #5013282
(202) 716-7884
Source:
Kerishull
Added: Jul 13
Changed: Sep 4
Last Checked: Sep 4 at 10:49AM
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 Compass
Investment Insights
Based on property information with market context.
This 1,896-square-foot residential income property is a three-bedroom condominium in a low-rise building constructed in 1960. Positioned at the end of a wing, the unit has no adjoining neighbors and receives light from three sides. The layout includes a living room connected to the dining area, a sizable kitchen, three bedrooms with generous closet space, and a primary suite with a walk-in closet and en suite bathroom. New convectors are installed, and the residence offers an opportunity for renovation and reconfiguration of the kitchen.
Shared building amenities include a pool, gym, tennis court, barbecue area, courtyard, and rooftop deck. The property also provides on-site parking, elevator service, concierge assistance, a building-wide security system, bike storage, common and private storage, and laundry facilities. The address is in Bethesda, Maryland, near desirable schools.
Shared building amenities include a pool, gym, tennis court, barbecue area, courtyard, and rooftop deck. The property also provides on-site parking, elevator service, concierge assistance, a building-wide security system, bike storage, common and private storage, and laundry facilities. The address is in Bethesda, Maryland, near desirable schools.
Key Highlights
- 1,896‑square‑foot three‑bedroom condominium
- End‑of‑wing position with no adjoining neighbors and light from three sides
- Primary suite includes a walk‑in closet and en suite bathroom
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
$31,305
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
6.59%
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%
$626,100
$626.1K
Cap Rate 7%
$447,214
$447.2K
Cap Rate 9%
$347,833
$347.8K
Market Conditions
NOI Build-Up for 1,896 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
$61.2K $32.28/SF
− Vacancy
−$4.3K −$2.26/SF
EGI
$56.9K $30.02/SF
− OpEx
−$25.6K −$13.51/SF
NOI
$31.3K $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%
$626,100
Cap Rate 7%
$447,214
Cap Rate 9%
$347,833
Alternative Uses
Best Use
Apartment 5plus
$447.2K
$391.3K – $521.8K
NOI $31,305 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$667.0K
$583.6K – $778.1K
NOI $46,688 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - End-of-wing condominium residence with three bedrooms, abundant natural light, and extensive shared amenities.
Where is this residential income property located?
The property is located at 5301 WESTBARD CIRCLE Unit 334 Bethesda, MD.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,896‑square‑foot three‑bedroom condominium; End‑of‑wing position with no adjoining neighbors and light from three sides; Primary suite includes a walk‑in closet and en suite bathroom
