Upgraded One-Bedroom
For Sale
$209,000
7420 WESTLAKE TERRACE Unit 1206, Bethesda, MD 20817
An open-plan residence features a private balcony, in-unit laundry, and a ground-level storage bin.
Property Size871 SF
Price / SF$239.95
Days on Market50
Property Features for 7420 WESTLAKE TERRACE Unit 1206
General Information
Standard status
Active
Size
871 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,648
Amenities
pool
tennis
fitness center
storage
in-unit washer dryer
Building Details
Building Size
871 SF
Year Built
1976
Listing Agency:
Keller Williams Capital Properties
Listed By:
Dana S Scanlon · License #613238
(301) 575-4915
Source:
Jackrealtygroup
Added: Sep 9
Changed: Oct 27
Last Checked: Oct 26 at 3:55PM
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 Keller Williams Capital Properties
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Investment Insights
Based on property information with market context.
This 871-square-foot condominium, built in 1976, has an open layout and one spacious bedroom with a walk-in closet. The kitchen includes shaker-style cabinetry, quartz counters, a backsplash, LVP flooring, and stainless steel appliances. A washer and dryer are located in the unit. The renovated bathroom has a subway-tile surround and quartz countertop, while a sliding door opens to a balcony. A separate storage bin is on the ground level.
The property is adjacent to Westfield Montgomery Shopping Center and within a few minutes of downtown Bethesda. On-site amenities include a pool, tennis facilities, and fitness space. Condo fees include utilities.
The property is adjacent to Westfield Montgomery Shopping Center and within a few minutes of downtown Bethesda. On-site amenities include a pool, tennis facilities, and fitness space. Condo fees include utilities.
Key Highlights
- 871‑square‑foot condominium built in 1976
- One bedroom with walk‑in closet
- In‑unit washer and dryer; separate ground‑level storage bin
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,381
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,620
$287.6K
Cap Rate 7%
$205,443
$205.4K
Cap Rate 9%
$159,789
$159.8K
Market Conditions
NOI Build-Up for 871 SF
Gross rent
$28.1K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$26.1K $30.02/SF
− OpEx
−$11.8K −$13.51/SF
NOI
$14.4K $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%
$287,620
Cap Rate 7%
$205,443
Cap Rate 9%
$159,789
Alternative Uses
Best Use
Apartment 5plus
$205.4K
$179.8K – $239.7K
NOI $14,381 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$306.4K
$268.1K – $357.5K
NOI $21,448 @ 7.0% cap · market cap 10.26%
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
1,072
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 - An open-plan residence features a private balcony, in-unit laundry, and a ground-level storage bin.
Where is this residential income property located?
The property is located at 7420 WESTLAKE TERRACE Unit 1206 Bethesda, MD.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: 871‑square‑foot condominium built in 1976; One bedroom with walk‑in closet; In‑unit washer and dryer; separate ground‑level storage bin
