Berkdale Apartments
661 Dulles Park Court, Herndon, VA, 20170, US
184 units
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire Elme Bethesda (“the Property”), a 1986 vintage, 193-unit property located in Bethesda, Maryland. Elme Bethesda presents the opportunity to capitalize on compelling in-place yield with 97% mission-driven rents across the unit mix. Elme Bethesda also provides the potential to renovate and capture value-add upside through in-unit renovations. The Property features a unit mix comprised of 97% large two-bedroom units, ideal for families given the strength in schools. The investment opportunity is highlighted by the Property’s continued strong performance with 97% occupancy, and minimal bad debt and concessions.
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Attributes
Year built
1986
Units
193
Occupancy
97%
Media
Investment highlights
PREMIER BETHESDA VALUE-ADD OPPORTUNITY
97% Large Two-Bedroom Units with the Ability to Renovate 99% of the Unit Mix
UNIQUE PRODUCT TYPE AND COMPELLING UNIT MIX
Outsized Demand for the Largest Floorplans in the Submarket Drives Strong Long-Term Rent Growth
STRONG PROPERTY LEVEL PERFORMANCE
97% Occupancy, 97% Mission Driven Rents, and Minimal Concessions
DIRECT PROXIMITY TO PROMINENT EMPLOYMENT BASE AND DEMAND DRIVERS
Proximate to Downtown Bethesda, NIH, Walter Reed Medical Hospital, and the I-270 Biotech Corridor
UNMATCHED ACCESSIBILITY THROUGH THE DC METRO REGION
Convenient Access to DC Metro Area via Wisconsin Ave/Rockville Pike, and I-270/I-495
EXCEPTIONAL MONTGOMERY COUNTY DEMOGRAPHICS
Montgomery County “A” School System Rating, $238K+ Average Household Incomes, $1MM+ Average Home Value, and 1.8% Unemployment Rate
Contact brokers
Elme Bethesda (0 Properties)
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Last updated
Sep 15, 2025
