Updated Residential Income
For Sale
$489,000
5809 EDSON Unit 303, North Bethesda, MD 20852
Three-bedroom residence with refreshed interiors, private balcony, community amenities, and access to Metro, shopping, dining, and major roads.
Property Size1,473 SF
Price / SF$331.98
Days on Market41
Property Features for 5809 EDSON Unit 303
General Information
Standard status
Active
Size
1,473 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,493
Amenities
private balcony
swimming pool
tennis courts
basketball courts
playground
clubhouse
walking paths
Building Details
Building Size
1,473 SF
Year Built
1979
Listing Agency:
The Agency DC
(301) 346-5252
Listed By:
Nurit Coombe · License #533175
(301) 346-5252
Source:
Kerishull
Added: Jul 22
Changed: Aug 29
Last Checked: Aug 30 at 11:57PM
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 The Agency DC
Investment Insights
Based on property information with market context.
This updated three-bedroom, two-bath residential income property offers 1,473 square feet with hardwood floors, luxury flooring accents, fresh paint, modern lighting, and windows replaced in 2015. The kitchen features granite countertops, maple cabinetry, stainless steel appliances, built-in water filtration, and substantial storage. A dining area and large living room open to a private balcony with views of mature trees, a stream, and walking paths. The primary suite includes an en-suite bath and walk-in closet, while two additional bedrooms support household, guest, or office needs. A high-efficiency LG washer and dryer and additional storage add practical functionality.
Building improvements include a new roof and upgraded insulation completed in 2025. Community amenities include landscaped grounds, swimming and kiddie pools, tennis and basketball courts, a playground, and a clubhouse with party room. The property also offers on-site management and resident and guest parking. North Bethesda Metro, Rockville Pike, Old Georgetown Road, I-270, Whole Foods, Pike & Rose, shopping, and dining are nearby.
Building improvements include a new roof and upgraded insulation completed in 2025. Community amenities include landscaped grounds, swimming and kiddie pools, tennis and basketball courts, a playground, and a clubhouse with party room. The property also offers on-site management and resident and guest parking. North Bethesda Metro, Rockville Pike, Old Georgetown Road, I-270, Whole Foods, Pike & Rose, shopping, and dining are nearby.
Key Highlights
- 1,473 SF three‑bedroom, two‑bath residence
- Kitchen with granite counters, maple cabinetry, stainless steel appliances, and built‑in water filtration
- Private balcony overlooking mature trees, a stream, and walking paths
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
$24,321
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
4.97%
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%
$486,420
$486.4K
Cap Rate 7%
$347,443
$347.4K
Cap Rate 9%
$270,233
$270.2K
Market Conditions
NOI Build-Up for 1,473 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
$47.5K $32.28/SF
− Vacancy
−$3.3K −$2.26/SF
EGI
$44.2K $30.02/SF
− OpEx
−$19.9K −$13.51/SF
NOI
$24.3K $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%
$486,420
Cap Rate 7%
$347,443
Cap Rate 9%
$270,233
Alternative Uses
Best Use
Apartment 5plus
$347.4K
$304.0K – $405.4K
NOI $24,321 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$518.2K
$453.4K – $604.5K
NOI $36,272 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,444
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom residence with refreshed interiors, private balcony, community amenities, and access to Metro, shopping, dining, and major roads.
Where is this residential income property located?
The property is located at 5809 EDSON Unit 303 North Bethesda, MD.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 1,473 SF three‑bedroom, two‑bath residence; Kitchen with granite counters, maple cabinetry, stainless steel appliances, and built‑in water filtration; Private balcony overlooking mature trees, a stream, and walking paths
