Residential Income Property with
For Sale
$525,000
7111 WOODMONT AVENUE Unit 709, Bethesda, MD 20815
The condominium includes a separate den and an assigned garage parking space.
Property Size946 SF
Price / SF$554.97
Days on Market48
Property Features for 7111 WOODMONT AVENUE Unit 709
General Information
Standard status
Active
Size
946 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,525
Amenities
private balcony
in-unit washer/dryer
fitness center
pet-friendly policy
renovated lobby
library
Building Details
Building Size
946 SF
Year Built
2000
Listing Agency:
Compass
Listed By:
Dana Rice · License #648038
(202) 669-6908
Source:
Gallerycollectivere
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 26 at 2:46PM
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 Compass
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Investment Insights
Based on property information with market context.
This 946 +/- square foot condominium has a one-bedroom-plus-den layout, with an open living and dining area, hardwood floors, and sliding glass doors to a private balcony with city views. The kitchen has granite countertops, stainless steel appliances, a gas range, and cabinet storage. A walk-in closet, full bath, and in-unit stackable washer and dryer complete the residence. The building was constructed in 2000.
The property is in downtown Bethesda, near Bethesda Row, the Capital Crescent Trail, and the Bethesda Metro station. Building amenities include a fitness center, elevator, lobby, hallways, and library.
The property is in downtown Bethesda, near Bethesda Row, the Capital Crescent Trail, and the Bethesda Metro station. Building amenities include a fitness center, elevator, lobby, hallways, and library.
Key Highlights
- 946 +/- square foot condominium with a 1BR+Den layout
- Private balcony with city views
- Assigned garage parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,620
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,400
$312.4K
Cap Rate 7%
$223,143
$223.1K
Cap Rate 9%
$173,556
$173.6K
Market Conditions
NOI Build-Up for 946 SF
Gross rent
$30.5K $32.28/SF
− Vacancy
−$2.1K −$2.26/SF
EGI
$28.4K $30.02/SF
− OpEx
−$12.8K −$13.51/SF
NOI
$15.6K $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%
$312,400
Cap Rate 7%
$223,143
Cap Rate 9%
$173,556
Alternative Uses
Best Use
Apartment 5plus
$223.1K
$195.3K – $260.3K
NOI $15,620 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$332.8K
$291.2K – $388.3K
NOI $23,295 @ 7.0% cap · market cap 4.44%
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
5,427
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
Frequently Asked Questions
What type of property is this?
Residential income property - The condominium includes a separate den and an assigned garage parking space.
Where is this residential income property located?
The property is located at 7111 WOODMONT AVENUE Unit 709 Bethesda, MD.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 946 +/- square foot condominium with a 1BR+Den layout; Private balcony with city views; Assigned garage parking space
