Residential Income Property with
For Sale
$510,000
6820 WISCONSIN AVENUE Unit 5007, Bethesda, MD 20815
One-bedroom residence with a den, two full bathrooms, and a private balcony in a secure Bethesda condominium building.
Property Size900 SF
Price / SF$566.67
Days on Market62
Property Features for 6820 WISCONSIN AVENUE Unit 5007
General Information
Standard status
Active
Size
900 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,996
Amenities
concierge
fitness center
resident lounge
media room
bicycle storage
guest parking
Building Details
Building Size
900 SF
Year Built
2007
Listing Agency:
RE/MAX Realty Services
(240) 498-7319
Listed By:
Michael J Altobelli · License #579351
(240) 498-7319
Source:
Kerishull
Added: Jun 30
Changed: Aug 30
Last Checked: Aug 30 at 12:26AM
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 RE/MAX Realty Services
Investment Insights
Based on property information with market context.
Unit 5007 is a 900-square-foot, one-bedroom residence with a den and two full bathrooms in the Adagio condominium community. The open floor plan includes floor-to-ceiling windows, a private balcony, and a kitchen equipped with stainless steel appliances, gas cooking, a center island with breakfast bar, wood cabinetry, and stone countertops. The primary suite includes a walk-in closet and private bathroom, while the den adds flexible interior space. Deeded garage parking accompanies the residence.
Built in 2007, the secure building provides concierge service, a fitness center, resident lounge, media room, bicycle storage, guest parking, and maintained common areas. The property is in downtown Bethesda, near Bethesda Row, the Metro, Capital Crescent Trail, grocery stores, boutique shopping, restaurants, and entertainment.
Built in 2007, the secure building provides concierge service, a fitness center, resident lounge, media room, bicycle storage, guest parking, and maintained common areas. The property is in downtown Bethesda, near Bethesda Row, the Metro, Capital Crescent Trail, grocery stores, boutique shopping, restaurants, and entertainment.
Key Highlights
- 900‑square‑foot one‑bedroom residence with den and two full bathrooms
- Private balcony and floor‑to‑ceiling windows
- Kitchen with stainless steel appliances, gas cooking, island, wood cabinetry, and stone countertops
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
$14,860
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
2.91%
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%
$297,200
$297.2K
Cap Rate 7%
$212,286
$212.3K
Cap Rate 9%
$165,111
$165.1K
Market Conditions
NOI Build-Up for 900 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
$29.1K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$27.0K $30.02/SF
− OpEx
−$12.2K −$13.51/SF
NOI
$14.9K $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 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%
$297,200
Cap Rate 7%
$212,286
Cap Rate 9%
$165,111
Alternative Uses
Best Use
Apartment 5plus
$212.3K
$185.8K – $247.7K
NOI $14,860 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 4.35%
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
4,502
Businesses Nearby
Explore this area
Business Placement
Demographics for 20815, MD
31,517
Population
14,192
Households
2.2
Avg Household Size
46
Median Age
85%
College-Educated
98%
High-School Grad
5.4 sq mi
ZIP Area
5,836
Density / Sq Mi
$198,243
Median Household Income
$106,711
Median Earnings
$2,408
Median Rent
$1,230,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residence with a den, two full bathrooms, and a private balcony in a secure Bethesda condominium building.
Where is this residential income property located?
The property is located at 6820 WISCONSIN AVENUE Unit 5007 Bethesda, MD.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 900‑square‑foot one‑bedroom residence with den and two full bathrooms; Private balcony and floor‑to‑ceiling windows; Kitchen with stainless steel appliances, gas cooking, island, wood cabinetry, and stone countertops
