Combined Residential Income
For Sale
$299,000
7420 WESTLAKE TERRACE Unit 1202, Bethesda, MD 20817
The residence includes three bedrooms, three full bathrooms, and two private balconies.
Property Size1,077 SF
Price / SF$277.62
Days on Market417
Property Features for 7420 WESTLAKE TERRACE Unit 1202
General Information
Standard status
Active
Size
1,077 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,855
Amenities
concierge lobby
outdoor pool
tennis courts
pickleball courts
fitness center
meeting and party rooms
assigned parking
private balconies
hardwood floors
updated kitchen
in-unit washer and dryer
Building Details
Building Size
1,077 SF
Year Built
1976
Listing Agency:
REMAX Platinum Realty
Listed By:
Steven N Misler · License #653735
(410) 251-2700
Source:
Districtpropertygroup
Added: Sep 7, 2025
Changed: Oct 27
Last Checked: Oct 26 at 4:48PM
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 REMAX Platinum Realty
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Investment Insights
Based on property information with market context.
This combined residence occupies the 10th floor and contains three bedrooms and three full bathrooms. Interior features include hardwood flooring, separate living and dining areas, an updated kitchen with a breakfast area, ample closet storage, and an in-unit washer and dryer. Two private balconies extend the living space outdoors. The primary suite is separate from the additional bedrooms, which can also serve as guest or work spaces.
Westlake Towers offers a concierge lobby, outdoor pool, tennis and pickleball courts, fitness center, meeting and party rooms, elevators, and assigned parking. Montgomery Mall, Cabin John Park, shopping, dining, and major commuter routes are nearby.
Westlake Towers offers a concierge lobby, outdoor pool, tennis and pickleball courts, fitness center, meeting and party rooms, elevators, and assigned parking. Montgomery Mall, Cabin John Park, shopping, dining, and major commuter routes are nearby.
Key Highlights
- Combined residence on the 10th floor
- Three bedrooms and three full bathrooms
- Two private balconies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,783
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,660
$355.7K
Cap Rate 7%
$254,043
$254.0K
Cap Rate 9%
$197,589
$197.6K
Market Conditions
NOI Build-Up for 1,077 SF
Gross rent
$34.8K $32.28/SF
− Vacancy
−$2.4K −$2.26/SF
EGI
$32.3K $30.02/SF
− OpEx
−$14.5K −$13.51/SF
NOI
$17.8K $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%
$355,660
Cap Rate 7%
$254,043
Cap Rate 9%
$197,589
Alternative Uses
Best Use
Apartment 5plus
$254.0K
$222.3K – $296.4K
NOI $17,783 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$378.9K
$331.5K – $442.0K
NOI $26,520 @ 7.0% cap · market cap 8.87%
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
1,072
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes three bedrooms, three full bathrooms, and two private balconies.
Where is this residential income property located?
The property is located at 7420 WESTLAKE TERRACE Unit 1202 Bethesda, MD.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Combined residence on the 10th floor; Three bedrooms and three full bathrooms; Two private balconies
