Residential Condominium with
For Sale
$240,000
11226 CHERRY HILL ROAD Unit 285, Beltsville, MD 20705
The three-bedroom layout includes a primary suite, two additional bedrooms, and laundry beside the kitchen.
Property Size1,396 SF
Price / SF$171.92
Days on Market43
Property Features for 11226 CHERRY HILL ROAD Unit 285
General Information
Standard status
Active
Size
1,396 SF
Total Parking Spaces
1
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,744
Building Details
Building Size
1,396 SF
Year Built
1969
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 18
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 1,349-square-foot condominium was built in 1969 and has three bedrooms and two bathrooms. The primary suite includes a walk-in closet and private bath; two more bedrooms share an updated hall bathroom. Laminate flooring, additional walk-in closets, a balcony, and laundry near the kitchen complete the unit.
One assigned parking space is included, with visitor parking also available. Gas and water are covered by the condo fee; the owner pays for electricity and internet. The legal unit number is 290, while 103 appears on the door and postal address.
One assigned parking space is included, with visitor parking also available. Gas and water are covered by the condo fee; the owner pays for electricity and internet. The legal unit number is 290, while 103 appears on the door and postal address.
Key Highlights
- 1,349‑square‑foot condominium with three bedrooms and two bathrooms
- Primary suite with walk‑in closet and private bath
- Balcony and laundry located near the kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,794
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,880
$375.9K
Cap Rate 7%
$268,486
$268.5K
Cap Rate 9%
$208,822
$208.8K
Market Conditions
NOI Build-Up for 1,396 SF
Gross rent
$36.4K $26.04/SF
− Vacancy
−$2.2K −$1.56/SF
EGI
$34.2K $24.48/SF
− OpEx
−$15.4K −$11.01/SF
NOI
$18.8K $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%
$375,880
Cap Rate 7%
$268,486
Cap Rate 9%
$208,822
Alternative Uses
Best Use
Apartment 5plus
$268.5K
$234.9K – $313.2K
NOI $18,794 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$450.3K
$394.1K – $525.4K
NOI $31,524 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
189
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The three-bedroom layout includes a primary suite, two additional bedrooms, and laundry beside the kitchen.
Where is this residential income property located?
The property is located at 11226 CHERRY HILL ROAD Unit 285 Beltsville, MD.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1,349‑square‑foot condominium with three bedrooms and two bathrooms; Primary suite with walk‑in closet and private bath; Balcony and laundry located near the kitchen
