Renovated One-Bedroom Residential
For Sale
$260,000
Pending
7425 DEMOCRACY BOULEVARD Unit 206, Bethesda, MD 20817
The updated condominium includes a spacious living area with room to accommodate a den or home office.
Property Size930 SF
Days on Market73
Property Features for 7425 DEMOCRACY BOULEVARD Unit 206
General Information
Standard status
Pending
Size
930 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Asking Price
$260,000
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,747
Amenities
swimming pool
tennis courts
party room
library
Building Details
Building Size
930 SF
Year Built
1975
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Garret Nelson Grier · License #5016983
(202) 875-2276
Source:
Dmvliving
Added: Aug 20
Changed: Oct 27
Last Checked: Oct 26 at 3:23PM
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 TTR Sotheby's International Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium has 930 square feet of interior space and was built in 1975. Renovation work includes engineered wood flooring, solid wood doors, updated lighting and plumbing, fresh paint, high-end appliances, and a remodeled bathroom with new tile, bathtub, toilet, and fixtures. The living area offers room to configure a den or home office. The unit does not face Democracy Boulevard and has not been occupied since the renovation.
West Lake Park offers residents a swimming pool, tennis courts, a party room, and a library. The community is near I-495 and I-270, Wildwood Shopping Center, Cabin John Regional Park, and the Pauline Betz Addie Tennis Center.
West Lake Park offers residents a swimming pool, tennis courts, a party room, and a library. The community is near I-495 and I-270, Wildwood Shopping Center, Cabin John Regional Park, and the Pauline Betz Addie Tennis Center.
Key Highlights
- 930‑square‑foot, one‑bedroom condominium with one bathroom
- Renovated with engineered wood flooring, high‑end appliances, solid wood doors, and updated lighting and plumbing
- Bathroom updated with new tile, bathtub, toilet, and fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,355
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,100
$307.1K
Cap Rate 7%
$219,357
$219.4K
Cap Rate 9%
$170,611
$170.6K
Market Conditions
NOI Build-Up for 930 SF
Gross rent
$30.0K $32.28/SF
− Vacancy
−$2.1K −$2.26/SF
EGI
$27.9K $30.02/SF
− OpEx
−$12.6K −$13.51/SF
NOI
$15.4K $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%
$307,100
Cap Rate 7%
$219,357
Cap Rate 9%
$170,611
Alternative Uses
Best Use
Apartment 5plus
$219.4K
$191.9K – $255.9K
NOI $15,355 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$327.2K
$286.3K – $381.7K
NOI $22,901 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,074
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The updated condominium includes a spacious living area with room to accommodate a den or home office.
Where is this residential income property located?
The property is located at 7425 DEMOCRACY BOULEVARD Unit 206 Bethesda, MD.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 930‑square‑foot, one‑bedroom condominium with one bathroom; Renovated with engineered wood flooring, high‑end appliances, solid wood doors, and updated lighting and plumbing; Bathroom updated with new tile, bathtub, toilet, and fixtures
