Renovated Three-Bedroom
For Sale
$339,000
7400 LAKEVIEW DRIVE Unit N203, Bethesda, MD 20817
Updated interiors, a private balcony and community pool complement the residence’s three-bedroom layout.
Property Size1,030 SF
Price / SF$329.13
Days on Market115
Property Features for 7400 LAKEVIEW DRIVE Unit N203
General Information
Standard status
Active
Size
1,030 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
3BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,562
Amenities
community pool
Building Details
Building Size
1,030 SF
Year Built
1962
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Jasmin Zadegan · License #673733
(301) 461-9381
Source:
Canopy-re
Added: Jul 6
Changed: Oct 27
Last Checked: Oct 26 at 3:12PM
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.
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Investment Insights
Based on property information with market context.
This 1,030-square-foot condominium offers three bedrooms and two bathrooms, with a balcony and windows throughout. Renovations include new flooring and paint, a replaced kitchen with granite countertops and stainless steel appliances, and updates to both bathrooms. The heating units were serviced, piping was replaced, and two units received new motors. Building features include secure entry and elevator service, with a community pool available to residents.
The home is across the street from Montgomery Mall, with shopping and dining nearby. Bus stops are positioned in front of the building. The property is also a short drive from Grosvenor and Bethesda Metro stations on the Red Line, as well as Cabin John Park and Cabin John Mall.
Association fees cover air conditioning, common-area maintenance, electricity, gas, heat, security monitoring, sewer, snow removal, trash removal and water.
The home is across the street from Montgomery Mall, with shopping and dining nearby. Bus stops are positioned in front of the building. The property is also a short drive from Grosvenor and Bethesda Metro stations on the Red Line, as well as Cabin John Park and Cabin John Mall.
Association fees cover air conditioning, common-area maintenance, electricity, gas, heat, security monitoring, sewer, snow removal, trash removal and water.
Key Highlights
- 1,030‑square‑foot condominium with 3 bedrooms and 2 bathrooms
- Renovated kitchen with granite countertops and stainless steel appliances
- Private balcony and community pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,007
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,140
$340.1K
Cap Rate 7%
$242,957
$243.0K
Cap Rate 9%
$188,967
$189.0K
Market Conditions
NOI Build-Up for 1,030 SF
Gross rent
$33.2K $32.28/SF
− Vacancy
−$2.3K −$2.26/SF
EGI
$30.9K $30.02/SF
− OpEx
−$13.9K −$13.51/SF
NOI
$17.0K $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%
$340,140
Cap Rate 7%
$242,957
Cap Rate 9%
$188,967
Alternative Uses
Best Use
Apartment 5plus
$243.0K
$212.6K – $283.5K
NOI $17,007 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$362.3K
$317.0K – $422.7K
NOI $25,363 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,318
Businesses Nearby
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Business Placement
Demographics for 20817, MD
38,908
Population
14,363
Households
2.7
Avg Household Size
44
Median Age
85%
College-Educated
98%
High-School Grad
14.0 sq mi
ZIP Area
2,779
Density / Sq Mi
$240,104
Median Household Income
$121,313
Median Earnings
$3,155
Median Rent
$1,142,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated interiors, a private balcony and community pool complement the residence’s three-bedroom layout.
Where is this residential income property located?
The property is located at 7400 LAKEVIEW DRIVE Unit N203 Bethesda, MD.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 1,030‑square‑foot condominium with 3 bedrooms and 2 bathrooms; Renovated kitchen with granite countertops and stainless steel appliances; Private balcony and community pool
