Residential Income Property with
For Sale
$335,000
7425 DEMOCRACY BOULEVARD Unit 315, Bethesda, MD 20817
The two-bedroom residence includes a private outdoor space and access to shared recreation amenities.
Property Size1,227 SF
Price / SF$273.02
Days on Market70
Property Features for 7425 DEMOCRACY BOULEVARD Unit 315
General Information
Standard status
Active
Size
1,227 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,495
Amenities
pool
tennis courts & pickleball
party room
intercom
Building Details
Building Size
1,227 SF
Year Built
1975
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Greta Nicoletti · License #310218
(301) 910-2696
Source:
Jackrealtygroup
Added: Aug 20
Changed: Oct 26
Last Checked: Oct 26 at 3:35PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,227-square-foot, two-bedroom, two-bath condominium occupies the building’s top level and was built in 1975. The kitchen has white cabinetry and stainless steel appliances and opens to the dining area. Recent improvements include a new HVAC unit and plank flooring. A balcony extends the living area, while the primary bedroom has a walk-in closet and en-suite bath. The second bedroom has its own full bath.
Building amenities include a pool, tennis and pickleball courts, a party room, an updated lobby, and an intercom-controlled main entrance. Parking is available for residents and guests, and the building allows pets. Westfield Mall, Wildwood Shopping Center, Cabin John Park, Pauline Betz indoor tennis facility, and Shirley Povich Field are nearby. I-495 and I-270 provide routes toward Bethesda, Rockville, Washington, DC, and area airports.
Building amenities include a pool, tennis and pickleball courts, a party room, an updated lobby, and an intercom-controlled main entrance. Parking is available for residents and guests, and the building allows pets. Westfield Mall, Wildwood Shopping Center, Cabin John Park, Pauline Betz indoor tennis facility, and Shirley Povich Field are nearby. I-495 and I-270 provide routes toward Bethesda, Rockville, Washington, DC, and area airports.
Key Highlights
- Top‑level 2‑bedroom, 2‑bath condominium with 1,227 square feet
- Balcony, walk‑in closet, and en‑suite bath in the primary bedroom
- New HVAC unit and plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,259
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,180
$405.2K
Cap Rate 7%
$289,414
$289.4K
Cap Rate 9%
$225,100
$225.1K
Market Conditions
NOI Build-Up for 1,227 SF
Gross rent
$39.6K $32.28/SF
− Vacancy
−$2.8K −$2.26/SF
EGI
$36.8K $30.02/SF
− OpEx
−$16.6K −$13.51/SF
NOI
$20.3K $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%
$405,180
Cap Rate 7%
$289,414
Cap Rate 9%
$225,100
Alternative Uses
Best Use
Apartment 5plus
$289.4K
$253.2K – $337.7K
NOI $20,259 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$431.6K
$377.7K – $503.6K
NOI $30,214 @ 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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,074
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 - The two-bedroom residence includes a private outdoor space and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 7425 DEMOCRACY BOULEVARD Unit 315 Bethesda, MD.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Top‑level 2‑bedroom, 2‑bath condominium with 1,227 square feet; Balcony, walk‑in closet, and en‑suite bath in the primary bedroom; New HVAC unit and plank flooring
