Residential Income Condo with
For Sale
$499,000
5750 BOU AVENUE Unit 601, Rockville, MD 20852
Two bedrooms, two baths, a den, and a private balcony create a flexible residential layout.
Property Size1,405 SF
Price / SF$355.16
Days on Market167
Property Features for 5750 BOU AVENUE Unit 601
General Information
Standard status
Active
Size
1,405 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA + den
Multifamily Units
1
Additional Details
Furnished
No
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,201
Amenities
rooftop pool
fitness center
theater room
party lounge
guest suite
24-hour concierge
private balcony
Building Details
Building Size
1,405 SF
Year Built
2007
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Lynn Spiegel · License #655396
(301) 502-6337
Source:
Kerishull
Added: Mar 24
Changed: Aug 31
Last Checked: Sep 5 at 5:56AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This sixth-floor condominium at 5750 BOU AVENUE Unit: 601 offers 1,405 square feet with two bedrooms, two bathrooms, a den, and a private balcony. The residence features 10-foot ceilings, expansive windows, new hardwood floors, fresh paint, stainless steel appliances, granite countertops, custom closets, built-in storage, and a full-size washer and dryer. Two garage parking spaces and several fobs are included. Water and gas are included in the condo fee.
Midtown Bethesda North provides a rooftop pool, fitness center, theater room, party lounge, guest suite, and 24-hour concierge. The property is near North Bethesda and Twinbrook Metro, Montrose Crossing, Pike & Rose, and dining, shopping, and grocery options. Built in 2007, the home is currently vacant and furniture has been removed.
Midtown Bethesda North provides a rooftop pool, fitness center, theater room, party lounge, guest suite, and 24-hour concierge. The property is near North Bethesda and Twinbrook Metro, Montrose Crossing, Pike & Rose, and dining, shopping, and grocery options. Built in 2007, the home is currently vacant and furniture has been removed.
Key Highlights
- 1,405‑square‑foot sixth‑floor condominium with 2 bedrooms, 2 bathrooms, and a den
- Private balcony, 10‑foot ceilings, and expansive windows
- New hardwood floors and fresh interior paint
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
$23,198
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
4.65%
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%
$463,960
$464.0K
Cap Rate 7%
$331,400
$331.4K
Cap Rate 9%
$257,756
$257.8K
Market Conditions
NOI Build-Up for 1,405 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
$45.4K $32.28/SF
− Vacancy
−$3.2K −$2.26/SF
EGI
$42.2K $30.02/SF
− OpEx
−$19.0K −$13.51/SF
NOI
$23.2K $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 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%
$463,960
Cap Rate 7%
$331,400
Cap Rate 9%
$257,756
Alternative Uses
Best Use
Apartment 5plus
$331.4K
$290.0K – $386.6K
NOI $23,198 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$494.2K
$432.5K – $576.6K
NOI $34,597 @ 7.0% cap · market cap 6.93%
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
4,656
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms, two baths, a den, and a private balcony create a flexible residential layout.
Where is this residential income property located?
The property is located at 5750 BOU AVENUE Unit 601 Rockville, MD.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,405‑square‑foot sixth‑floor condominium with 2 bedrooms, 2 bathrooms, and a den; Private balcony, 10‑foot ceilings, and expansive windows; New hardwood floors and fresh interior paint
