Duplex Property with Private
For Sale
$1,050,000
5812 Greenlawn Drive, Bethesda, MD 20814
Two distinct living areas support flexible household arrangements and potential rental occupancy.
Property Size3,173 SF
Lot Size0.23 Acres
Price / SF$330.92
Days on Market131
Property Features for 5812 Greenlawn Drive
General Information
Standard status
Active
Size
3,173 SF
Total Parking Spaces
4
Lot size
0.23 Acres
Property subtype
Multi-Family / Fee Simple
Zoning
R60
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,416
Amenities
Yes
1
Other
https://my.matterport.com/show/?m=gAg8Np2g8ov
No Pool
Building Details
Year Built
1981
Listing Agency:
Samson Properties
(202) 770-7001
Listed By:
Nezam Hakimi · License #0225269059
(202) 770-7001
Source:
Compass
Added: Apr 23
Changed: Aug 30
Last Checked: Aug 30 at 5:44PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This duplex-style residential property provides approximately 3,173 square feet of living space on a 10,000+ square foot lot. The primary residence includes three bedrooms, two full bathrooms, and one half bathroom. A private secondary unit adds one bedroom and one full bathroom, creating a separate living arrangement within the property. Built in 1981, the home is zoned R60.
Located at 5812 Greenlawn Drive in Bethesda, the property is outside city limits and served by Montgomery County Public Schools. The two-part configuration can accommodate extended household use, guests, or an owner-occupied arrangement with rental use in the additional unit. An 8% cap rate is also provided in the listing information.
Located at 5812 Greenlawn Drive in Bethesda, the property is outside city limits and served by Montgomery County Public Schools. The two-part configuration can accommodate extended household use, guests, or an owner-occupied arrangement with rental use in the additional unit. An 8% cap rate is also provided in the listing information.
Key Highlights
- Approximately 3,173 square feet on a 10,000+ square foot lot
- Primary residence with 3 bedrooms, 2 full bathrooms, and 1 half bathroom
- Private secondary unit includes 1 bedroom and 1 full bathroom
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
$60,211
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
5.73%
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%
$1,204,220
$1.2M
Cap Rate 7%
$860,157
$860.2K
Cap Rate 9%
$669,011
$669.0K
Market Conditions
NOI Build-Up for 3,173 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
$92.1K $29.04/SF
− Vacancy
−$6.1K −$1.93/SF
EGI
$86.0K $27.11/SF
− OpEx
−$25.8K −$8.13/SF
NOI
$60.2K $18.98/SF
Area
Montgomery County, MD
Vacancy
6.65%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,204,220
Cap Rate 7%
$860,157
Cap Rate 9%
$669,011
Alternative Uses
Best Use
Multifamily LT 5
$860.2K
$752.6K – $1.00M
NOI $60,211 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$748.4K
$654.9K – $873.2K
NOI $52,390 @ 7.0% cap · market cap 4.99%
Theoretical Best
Specialty Retail
$1.12M
$976.7K – $1.30M
NOI $78,133 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
Demographics for 20814, MD
31,919
Population
15,388
Households
2.1
Avg Household Size
41
Median Age
84%
College-Educated
98%
High-School Grad
4.5 sq mi
ZIP Area
7,093
Density / Sq Mi
$150,401
Median Household Income
$90,050
Median Earnings
$2,329
Median Rent
$976,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct living areas support flexible household arrangements and potential rental occupancy.
Where is this duplex located?
The property is located at 5812 Greenlawn Drive Bethesda, MD.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Approximately 3,173 square feet on a 10,000+ square foot lot; Primary residence with 3 bedrooms, 2 full bathrooms, and 1 half bathroom; Private secondary unit includes 1 bedroom and 1 full bathroom
