Courtyard-View Residential Income
For Sale
$620,000
5809 NICHOLSON LANE Unit 312, North Bethesda, MD 20852
Renovated interiors include hardwood flooring and updated kitchen and bathroom spaces.
Property Size1,416 SF
Price / SF$437.85
Days on Market16
Property Features for 5809 NICHOLSON LANE Unit 312
General Information
Standard status
Active
Size
1,416 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,409
Amenities
24-hour gate control
Building Details
Building Size
1,416 SF
Year Built
1991
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Ana Contreras
(301) 910-8303
Source:
Kerishull
Added: Sep 22
Changed: Oct 5
Last Checked: Oct 5 at 9:14PM
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.
The 1,416-square-foot residence at The Wisconsin was built in 1991 and has an eastern exposure with views into the courtyard. Renovations include hardwood floors in the living and dining rooms, along with a new kitchen and bathrooms. The property is under 24-hour gate control.
Shopping, restaurants, and the White Flint Metro station are described as minutes away. The residence is located at 5809 Nicholson Lane in North Bethesda.
Shopping, restaurants, and the White Flint Metro station are described as minutes away. The residence is located at 5809 Nicholson Lane in North Bethesda.
Key Highlights
- 1,416‑square‑foot residence at The Wisconsin
- Eastern exposure with courtyard views
- Hardwood floors in the living and dining rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,380
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,600
$467.6K
Cap Rate 7%
$334,000
$334.0K
Cap Rate 9%
$259,778
$259.8K
Market Conditions
NOI Build-Up for 1,416 SF
Gross rent
$45.7K $32.28/SF
− Vacancy
−$3.2K −$2.26/SF
EGI
$42.5K $30.02/SF
− OpEx
−$19.1K −$13.51/SF
NOI
$23.4K $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%
$467,600
Cap Rate 7%
$334,000
Cap Rate 9%
$259,778
Alternative Uses
Best Use
Apartment 5plus
$334.0K
$292.3K – $389.7K
NOI $23,380 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$498.1K
$435.9K – $581.1K
NOI $34,868 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated interiors include hardwood flooring and updated kitchen and bathroom spaces.
Where is this residential income property located?
The property is located at 5809 NICHOLSON LANE Unit 312 North Bethesda, MD.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 1,416‑square‑foot residence at The Wisconsin; Eastern exposure with courtyard views; Hardwood floors in the living and dining rooms
