One-Bedroom Condominium with
For Sale
$215,000
7420 WESTLAKE TERRACE Unit 1306, Bethesda, MD 20817
The unit offers separate living and dining rooms, parquet floors, and an in-unit washer and dryer.
Property Size887 SF
Price / SF$242.39
Days on Market90
Property Features for 7420 WESTLAKE TERRACE Unit 1306
General Information
Standard status
Active
Size
887 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,676
Amenities
pool
tennis
pickleball
fitness center
rooftop terrace
party room
meeting room
balcony
in-unit washer/dryer
Building Details
Building Size
887 SF
Year Built
1976
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 31
Changed: Oct 27
Last Checked: Oct 26 at 4:07PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bathroom condominium spans 887 square feet and includes formal living and dining rooms, a table-space kitchen, parquet wood floors, and an in-unit washer and dryer. A private balcony extends the living space. The building was constructed in 1976.
Residents have access to a pool, tennis and pickleball courts, a fitness center, rooftop terrace, party room, and meeting room. Utilities and cable TV are included in the monthly condominium fee. The property is in Bethesda, with Westfield Montgomery Mall, Cabin John Regional Park, I-270, I-495, and downtown Bethesda identified nearby.
Residents have access to a pool, tennis and pickleball courts, a fitness center, rooftop terrace, party room, and meeting room. Utilities and cable TV are included in the monthly condominium fee. The property is in Bethesda, with Westfield Montgomery Mall, Cabin John Regional Park, I-270, I-495, and downtown Bethesda identified nearby.
Key Highlights
- 887‑square‑foot, one‑bedroom, one‑bathroom condominium
- Private balcony
- In‑unit washer and dryer; parquet wood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,645
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,900
$292.9K
Cap Rate 7%
$209,214
$209.2K
Cap Rate 9%
$162,722
$162.7K
Market Conditions
NOI Build-Up for 887 SF
Gross rent
$28.6K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$26.6K $30.02/SF
− OpEx
−$12.0K −$13.51/SF
NOI
$14.6K $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%
$292,900
Cap Rate 7%
$209,214
Cap Rate 9%
$162,722
Alternative Uses
Best Use
Apartment 5plus
$209.2K
$183.1K – $244.1K
NOI $14,645 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$312.0K
$273.0K – $364.0K
NOI $21,842 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit offers separate living and dining rooms, parquet floors, and an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 7420 WESTLAKE TERRACE Unit 1306 Bethesda, MD.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 887‑square‑foot, one‑bedroom, one‑bathroom condominium; Private balcony; In‑unit washer and dryer; parquet wood floors
