Updated Residential Income
For Sale
$215,000
5702 BREWER HOUSE CIRCLE Unit T-2-12, North Bethesda, MD 20852
The condominium offers a renovated bathroom, in-unit laundry, and access to shared recreation amenities.
Property Size681 SF
Price / SF$315.71
Days on Market72
Property Features for 5702 BREWER HOUSE CIRCLE Unit T-2-12
General Information
Standard status
Active
Size
681 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,354
Amenities
outdoor swimming pool
tennis and pickleball courts
playground
clubhouse
walking paths
electric vehicle charging stations
Building Details
Building Size
681 SF
Year Built
1986
Listing Agency:
Next Step Realty, LLC.
Listed By:
Joe L Smith III · License #666052
(410) 991-9414
Source:
Jackrealtygroup
Added: Aug 20
Changed: Oct 27
Last Checked: Oct 26 at 3:17PM
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 Next Step Realty, LLC.
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Investment Insights
Based on property information with market context.
This 681-square-foot, one-bedroom, one-bathroom condominium was built in 1986. The garden-level unit has an open kitchen and living area, a bedroom with closet space, and a stackable washer and dryer. Recent improvements include fresh paint, new carpeting, a renovated bathroom with custom tile and vinyl plank flooring, and updated HVAC and water heater systems.
Community amenities include an outdoor pool, tennis and pickleball courts, a playground, clubhouse, walking paths, and maintained common areas. The unit comes with one reserved parking space; community parking includes electric vehicle charging stations. Grosvenor-Strathmore Metro is within walking distance, with Pike & Rose, Rock Creek Park, I-270, and I-495 also nearby.
Community amenities include an outdoor pool, tennis and pickleball courts, a playground, clubhouse, walking paths, and maintained common areas. The unit comes with one reserved parking space; community parking includes electric vehicle charging stations. Grosvenor-Strathmore Metro is within walking distance, with Pike & Rose, Rock Creek Park, I-270, and I-495 also nearby.
Key Highlights
- 681‑square‑foot garden‑level condominium with one bedroom and one bathroom
- Open kitchen and living area; stackable washer and dryer in the unit
- Renovated bathroom with custom tile and vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,244
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,880
$224.9K
Cap Rate 7%
$160,629
$160.6K
Cap Rate 9%
$124,933
$124.9K
Market Conditions
NOI Build-Up for 681 SF
Gross rent
$22.0K $32.28/SF
− Vacancy
−$1.5K −$2.26/SF
EGI
$20.4K $30.02/SF
− OpEx
−$9.2K −$13.51/SF
NOI
$11.2K $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%
$224,880
Cap Rate 7%
$160,629
Cap Rate 9%
$124,933
Alternative Uses
Best Use
Apartment 5plus
$160.6K
$140.6K – $187.4K
NOI $11,244 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$239.6K
$209.6K – $279.5K
NOI $16,769 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
Explore this area
Business Placement
Demographics for 20852, MD
48,347
Population
23,023
Households
2.1
Avg Household Size
38
Median Age
74%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,969
Density / Sq Mi
$121,496
Median Household Income
$74,519
Median Earnings
$2,212
Median Rent
$646,100
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The condominium offers a renovated bathroom, in-unit laundry, and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 5702 BREWER HOUSE CIRCLE Unit T-2-12 North Bethesda, MD.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 681‑square‑foot garden‑level condominium with one bedroom and one bathroom; Open kitchen and living area; stackable washer and dryer in the unit; Renovated bathroom with custom tile and vinyl plank flooring
