Two-Bedroom Residential Income
For Sale
$319,800
7501 DEMOCRACY BOULEVARD Unit B-123, Bethesda, MD 20817
Lobby-level condominium with a private patio, deeded garage parking, and a renovated kitchen.
Property Size1,152 SF
Price / SF$277.60
Days on Market140
Property Features for 7501 DEMOCRACY BOULEVARD Unit B-123
General Information
Standard status
Active
Size
1,152 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,453
Amenities
private patio
walking trails
picnic area
swimming pool
tennis courts
extra storage
Building Details
Building Size
1,152 SF
Year Built
1960
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jun 11
Changed: Oct 27
Last Checked: Oct 26 at 3:02PM
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 two-bedroom, lobby-level condominium contains 1,152 square feet, with a private patio and separately deeded garage parking near the elevator. The kitchen has white cabinetry, quartz counters, a matching backsplash, and stainless-steel appliances. The primary bedroom includes a walk-in closet and direct access to a bathroom with a double vanity. Other features include additional storage, double-pane sliding glass doors, upgraded windows, LVP flooring, crown molding, and carpet in both bedrooms. The building dates to 1960.
Lakeside Terrace residents have access to walking trails, a picnic area beside the lake, a swimming pool, tennis courts, and community social events. Cabin John Park, Westfield Montgomery Mall, and the Pauline Betz Addie Tennis Center are within walking distance. I-495, I-270, Metro, NIH, and Walter Reed are described as minutes away.
Lakeside Terrace residents have access to walking trails, a picnic area beside the lake, a swimming pool, tennis courts, and community social events. Cabin John Park, Westfield Montgomery Mall, and the Pauline Betz Addie Tennis Center are within walking distance. I-495, I-270, Metro, NIH, and Walter Reed are described as minutes away.
Key Highlights
- Two bedrooms and 1152 square feet
- Private patio and separately deeded garage parking by the elevator
- Renovated kitchen with quartz countertops, continuous backsplash, and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,021
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,420
$380.4K
Cap Rate 7%
$271,729
$271.7K
Cap Rate 9%
$211,344
$211.3K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$37.2K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.6K $30.02/SF
− OpEx
−$15.6K −$13.51/SF
NOI
$19.0K $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%
$380,420
Cap Rate 7%
$271,729
Cap Rate 9%
$211,344
Alternative Uses
Best Use
Apartment 5plus
$271.7K
$237.8K – $317.0K
NOI $19,021 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$405.2K
$354.6K – $472.8K
NOI $28,367 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
781
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
Frequently Asked Questions
What type of property is this?
Residential income property - Lobby-level condominium with a private patio, deeded garage parking, and a renovated kitchen.
Where is this residential income property located?
The property is located at 7501 DEMOCRACY BOULEVARD Unit B-123 Bethesda, MD.
What is the asking price?
The asking price for this property is $319,800.
What are key features of this property?
This property features: Two bedrooms and 1152 square feet; Private patio and separately deeded garage parking by the elevator; Renovated kitchen with quartz countertops, continuous backsplash, and stainless‑steel appliances
