Two-Bedroom Condominium with In-Unit
For Sale
$340,000
7420 WESTLAKE TERRACE Unit 1408, Bethesda, MD 20817
A renovated kitchen, updated flooring, and shared recreational facilities complement this upper-floor residence.
Property Size1,246 SF
Price / SF$272.87
Days on Market317
Property Features for 7420 WESTLAKE TERRACE Unit 1408
General Information
Standard status
Active
Size
1,246 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,873
Amenities
concierge lobby
pool
tennis courts
pickleball
party and meeting rooms
Building Details
Building Size
1,246 SF
Year Built
1976
Listing Agency:
REMAX Platinum Realty
Listed By:
Steven N Misler · License #653735
(410) 251-2700
Source:
Canopy-re
Added: Dec 15, 2025
Changed: Oct 27
Last Checked: Oct 26 at 12:01PM
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 1,077-square-foot condominium was built in 1976 and has two bedrooms and two bathrooms. Interior improvements include a renovated kitchen and upgraded flooring, while the unit also contains its own washer and dryer. Located on the 12th floor, the residence offers views and closet space in both bedrooms.
Westlake Towers provides a concierge lobby, swimming pool, tennis and pickleball courts, party and meeting rooms, and parking for residents and guests. The property is in Bethesda, minutes from Montgomery Mall and Cabin John Park.
Westlake Towers provides a concierge lobby, swimming pool, tennis and pickleball courts, party and meeting rooms, and parking for residents and guests. The property is in Bethesda, minutes from Montgomery Mall and Cabin John Park.
Key Highlights
- Two bedrooms and two bathrooms in 1,077 square feet
- Located on the 12th floor of Westlake Towers
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,573
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,460
$411.5K
Cap Rate 7%
$293,900
$293.9K
Cap Rate 9%
$228,589
$228.6K
Market Conditions
NOI Build-Up for 1,246 SF
Gross rent
$40.2K $32.28/SF
− Vacancy
−$2.8K −$2.26/SF
EGI
$37.4K $30.02/SF
− OpEx
−$16.8K −$13.51/SF
NOI
$20.6K $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%
$411,460
Cap Rate 7%
$293,900
Cap Rate 9%
$228,589
Alternative Uses
Best Use
Apartment 5plus
$293.9K
$257.2K – $342.9K
NOI $20,573 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$438.3K
$383.5K – $511.4K
NOI $30,682 @ 7.0% cap · market cap 9.02%
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
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 - A renovated kitchen, updated flooring, and shared recreational facilities complement this upper-floor residence.
Where is this residential income property located?
The property is located at 7420 WESTLAKE TERRACE Unit 1408 Bethesda, MD.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,077 square feet; Located on the 12th floor of Westlake Towers; In‑unit washer and dryer
