Renovated Residential Income
For Sale
$210,000
11202 CHERRY HILL ROAD Unit T2, Beltsville, MD 20705
This two-bedroom, two-bath unit has updated flooring and refreshed kitchen and bathroom finishes.
Property Size1,163 SF
Price / SF$180.57
Days on Market50
Property Features for 11202 CHERRY HILL ROAD Unit T2
General Information
Standard status
Active
Size
1,163 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,254
Amenities
playground
pool
Building Details
Building Size
1,163 SF
Year Built
1969
Listing Agency:
Coldwell Banker Realty
Listed By:
Kelly Harris · License #661666
(443) 763-2000
Source:
Jackrealtygroup
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 26 at 3:18PM
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 Coldwell Banker Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,163-square-foot, garden-level condo has two bedrooms and two full bathrooms. Renovations include flooring, the kitchen, and both bathrooms. The unit was built in 1969 and has direct access to community amenities, including a pool and playground.
Key Highlights
- 1,163‑square‑foot, garden‑level condo
- Two bedrooms and two full bathrooms
- Renovated flooring, kitchen, and both bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,657
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,140
$313.1K
Cap Rate 7%
$223,671
$223.7K
Cap Rate 9%
$173,967
$174.0K
Market Conditions
NOI Build-Up for 1,163 SF
Gross rent
$30.3K $26.04/SF
− Vacancy
−$1.8K −$1.56/SF
EGI
$28.5K $24.48/SF
− OpEx
−$12.8K −$11.01/SF
NOI
$15.7K $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%
$313,140
Cap Rate 7%
$223,671
Cap Rate 9%
$173,967
Alternative Uses
Best Use
Apartment 5plus
$223.7K
$195.7K – $261.0K
NOI $15,657 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$375.2K
$328.3K – $437.7K
NOI $26,263 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - This two-bedroom, two-bath unit has updated flooring and refreshed kitchen and bathroom finishes.
Where is this residential income property located?
The property is located at 11202 CHERRY HILL ROAD Unit T2 Beltsville, MD.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,163‑square‑foot, garden‑level condo; Two bedrooms and two full bathrooms; Renovated flooring, kitchen, and both bathrooms
