Two-Bedroom Condo with
For Sale
$185,000
10303 45TH PLACE Unit 203, Beltsville, MD 20705
The 966-square-foot residence has two bathrooms, a renovated kitchen, and a tenant in place.
Property Size966 SF
Price / SF$191.51
Days on Market137
Property Features for 10303 45TH PLACE Unit 203
General Information
Standard status
Active
Size
966 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,162
Amenities
swimming pool
on-site laundry facilities
additional storage
private balcony
Building Details
Building Size
966 SF
Year Built
1964
Tenancy
Single
Listing Agency:
Real Broker, LLC
Listed By:
Kyle Jacob Friedman · License #673223
(443) 789-3101
Source:
Signaturemoverealestate
Added: Jun 16
Changed: Oct 27
Last Checked: Oct 26 at 2:41PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This 966-square-foot condominium includes two bedrooms, two bathrooms, and a private balcony. Its living and dining areas share an open layout, while the renovated kitchen features granite countertops. A gas stove, dishwasher, and garbage disposal are scheduled for installation before closing. The primary bedroom has a walk-in closet and private bathroom.
The condominium fee includes all utilities. Community features include a swimming pool, laundry facilities, and additional storage. The property is in Beltsville, minutes from I-95 and the Route 1 Corridor, with shopping centers and restaurants nearby.
The condominium fee includes all utilities. Community features include a swimming pool, laundry facilities, and additional storage. The property is in Beltsville, minutes from I-95 and the Route 1 Corridor, with shopping centers and restaurants nearby.
Key Highlights
- 966‑square‑foot condo with 2 bedrooms and 2 bathrooms
- Private balcony and open living and dining area
- Renovated kitchen with granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,005
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,100
$260.1K
Cap Rate 7%
$185,786
$185.8K
Cap Rate 9%
$144,500
$144.5K
Market Conditions
NOI Build-Up for 966 SF
Gross rent
$25.2K $26.04/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$23.6K $24.48/SF
− OpEx
−$10.6K −$11.01/SF
NOI
$13.0K $13.46/SF
Area
Prince George's County, MD
Vacancy
6.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,100
Cap Rate 7%
$185,786
Cap Rate 9%
$144,500
Alternative Uses
Best Use
Apartment 5plus
$185.8K
$162.6K – $216.8K
NOI $13,005 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$311.6K
$272.7K – $363.6K
NOI $21,814 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
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Business Placement
Demographics for 20705, MD
29,456
Population
9,181
Households
3.2
Avg Household Size
36
Median Age
33%
College-Educated
81%
High-School Grad
14.5 sq mi
ZIP Area
2,031
Density / Sq Mi
$106,691
Median Household Income
$45,692
Median Earnings
$1,777
Median Rent
$423,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 966-square-foot residence has two bathrooms, a renovated kitchen, and a tenant in place.
Where is this residential income property located?
The property is located at 10303 45TH PLACE Unit 203 Beltsville, MD.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 966‑square‑foot condo with 2 bedrooms and 2 bathrooms; Private balcony and open living and dining area; Renovated kitchen with granite countertops
