End-Unit Residential Income
For Sale
$979,900
5809 NICHOLSON LANE Unit 202, North Bethesda, MD 20852
Renovated three-bedroom residence with a corner balcony, two garage spaces, and dedicated storage.
Property Size1,809 SF
Price / SF$541.68
Days on Market35
Property Features for 5809 NICHOLSON LANE Unit 202
General Information
Standard status
Active
Size
1,809 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,425
Amenities
weight room
treadmill room
bike and elliptical room
indoor/outdoor pools
tennis/pickleball courts
racquetball court
game and card room
party room
Building Details
Building Size
1,809 SF
Year Built
1991
Listing Agency:
Weichert, REALTORS
Listed By:
Kenneth Hirsch · License #642073
(310) 393-7292
Source:
Evansgroupdmv
Added: Sep 26
Changed: Oct 27
Last Checked: Oct 26 at 6:20PM
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 Weichert, REALTORS
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Investment Insights
Based on property information with market context.
This renovated second-floor end unit has three bedrooms, three full bathrooms, hardwood floors, and a corner balcony. The updated kitchen includes an induction cooktop, double oven, built-in microwave, and dishwasher. Two side-by-side garage spaces and a dedicated storage unit are included. The building has on-site management and a staffed gatehouse.
Residents have access to indoor and outdoor pools, tennis and pickleball courts, racquetball, fitness rooms, and dedicated game and event rooms. The property is in North Bethesda, with Whole Foods, Starbucks, CVS, Pike & Rose, and the North Bethesda Metro station described as a short distance away.
Residents have access to indoor and outdoor pools, tennis and pickleball courts, racquetball, fitness rooms, and dedicated game and event rooms. The property is in North Bethesda, with Whole Foods, Starbucks, CVS, Pike & Rose, and the North Bethesda Metro station described as a short distance away.
Key Highlights
- Three bedrooms and three full bathrooms
- Renovated end unit on the second floor with a corner balcony
- Two side‑by‑side garage parking spaces and a dedicated storage unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,869
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,380
$597.4K
Cap Rate 7%
$426,700
$426.7K
Cap Rate 9%
$331,878
$331.9K
Market Conditions
NOI Build-Up for 1,809 SF
Gross rent
$58.4K $32.28/SF
− Vacancy
−$4.1K −$2.26/SF
EGI
$54.3K $30.02/SF
− OpEx
−$24.4K −$13.51/SF
NOI
$29.9K $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%
$597,380
Cap Rate 7%
$426,700
Cap Rate 9%
$331,878
Alternative Uses
Best Use
Apartment 5plus
$426.7K
$373.4K – $497.8K
NOI $29,869 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$636.4K
$556.8K – $742.4K
NOI $44,545 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,770
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 - Renovated three-bedroom residence with a corner balcony, two garage spaces, and dedicated storage.
Where is this residential income property located?
The property is located at 5809 NICHOLSON LANE Unit 202 North Bethesda, MD.
What is the asking price?
The asking price for this property is $979,900.
What are key features of this property?
This property features: Three bedrooms and three full bathrooms; Renovated end unit on the second floor with a corner balcony; Two side‑by‑side garage parking spaces and a dedicated storage unit
