Residential Income Property with
For Sale
$215,000
11212 CHERRY HILL ROAD Unit 302, Beltsville, MD 20705
The three-bedroom residence includes community access to a pool, tennis courts, and playgrounds.
Property Size1,297 SF
Price / SF$165.77
Days on Market36
Property Features for 11212 CHERRY HILL ROAD Unit 302
General Information
Standard status
Active
Size
1,297 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,530
Amenities
pool
tennis courts
playgrounds
private balcony
Building Details
Building Size
1,297 SF
Year Built
1969
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 25
Changed: Oct 27
Last Checked: Oct 26 at 3:48PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,297-square-foot residence is a three-bedroom, two-bathroom condominium built in 1969. Interior features include hardwood, vinyl, and ceramic tile flooring, a galley kitchen with granite countertops and new appliances, a pantry, and a breakfast area. A formal dining room, recessed lighting, in-unit washer and dryer, and private balcony complete the layout. Major renovations were completed in 2026, and the balcony faces wooded views.
The community has a pool, tennis courts, playgrounds, and open common areas. The sale includes one assigned parking space and access to two visitor spaces. Condo fees cover heat, cooling, water, snow removal, and exterior maintenance. The property is described as being within minutes of major highways, shopping, restaurants, and Adventist HealthCare White Oak Medical Center.
The community has a pool, tennis courts, playgrounds, and open common areas. The sale includes one assigned parking space and access to two visitor spaces. Condo fees cover heat, cooling, water, snow removal, and exterior maintenance. The property is described as being within minutes of major highways, shopping, restaurants, and Adventist HealthCare White Oak Medical Center.
Key Highlights
- Three bedrooms and two full bathrooms in 1,297 square feet
- Major renovations completed in 2026
- Private balcony with wooded views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,461
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,220
$349.2K
Cap Rate 7%
$249,443
$249.4K
Cap Rate 9%
$194,011
$194.0K
Market Conditions
NOI Build-Up for 1,297 SF
Gross rent
$33.8K $26.04/SF
− Vacancy
−$2.0K −$1.56/SF
EGI
$31.7K $24.48/SF
− OpEx
−$14.3K −$11.01/SF
NOI
$17.5K $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%
$349,220
Cap Rate 7%
$249,443
Cap Rate 9%
$194,011
Alternative Uses
Best Use
Apartment 5plus
$249.4K
$218.3K – $291.0K
NOI $17,461 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$418.4K
$366.1K – $488.1K
NOI $29,288 @ 7.0% cap · market cap 13.62%
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
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 - The three-bedroom residence includes community access to a pool, tennis courts, and playgrounds.
Where is this residential income property located?
The property is located at 11212 CHERRY HILL ROAD Unit 302 Beltsville, MD.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms in 1,297 square feet; Major renovations completed in 2026; Private balcony with wooded views
