Renovated Residential Income
For Sale
$260,000
11322 LAURELWALK DRIVE Unit B-24, Laurel, MD 20708
The unit pairs updated interior finishes with stainless steel kitchen appliances and an in-unit washer and dryer.
Property Size1,203 SF
Price / SF$216.13
Days on Market32
Property Features for 11322 LAURELWALK DRIVE Unit B-24
General Information
Standard status
Active
Size
1,203 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,182
Amenities
washer/dryer
backyard
patio
Building Details
Building Size
1,203 SF
Year Built
1973
Listing Agency:
Voyage Realty Group LLC
Listed By:
Shaleen Latisha Parson · License #667543
(585) 317-2428
Source:
Dmvliving
Added: Sep 29
Changed: Oct 27
Last Checked: Oct 27 at 3:27AM
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 Voyage Realty Group LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,203-square-foot lower-level residence was built in 1973 and has been renovated. The living area has LVP flooring, recessed lighting, and sliding glass doors opening to a patio and backyard. The kitchen includes stainless steel appliances, cabinet storage, and a stackable washer and dryer. Bedroom storage and two bath areas round out the interior, including a tub-shower combination and a separate shower stall connected to the main bedroom.
The property is at 11322 Laurelwalk Drive in Laurel, Maryland, with shopping nearby and access to local highways for travel toward Washington, DC, or Baltimore.
The property is at 11322 Laurelwalk Drive in Laurel, Maryland, with shopping nearby and access to local highways for travel toward Washington, DC, or Baltimore.
Key Highlights
- 1,203 square feet; built in 1973
- Renovated lower‑level unit with LVP flooring and recessed lighting
- Kitchen features stainless steel appliances and a stackable washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,196
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,920
$323.9K
Cap Rate 7%
$231,371
$231.4K
Cap Rate 9%
$179,956
$180.0K
Market Conditions
NOI Build-Up for 1,203 SF
Gross rent
$31.3K $26.04/SF
− Vacancy
−$1.9K −$1.56/SF
EGI
$29.4K $24.48/SF
− OpEx
−$13.3K −$11.01/SF
NOI
$16.2K $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%
$323,920
Cap Rate 7%
$231,371
Cap Rate 9%
$179,956
Alternative Uses
Best Use
Apartment 5plus
$231.4K
$202.5K – $269.9K
NOI $16,196 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$388.1K
$339.6K – $452.8K
NOI $27,166 @ 7.0% cap · market cap 10.45%
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
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 20708, MD
27,832
Population
11,023
Households
2.5
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
12.2 sq mi
ZIP Area
2,281
Density / Sq Mi
$83,457
Median Household Income
$50,309
Median Earnings
$1,796
Median Rent
$431,500
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The unit pairs updated interior finishes with stainless steel kitchen appliances and an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 11322 LAURELWALK DRIVE Unit B-24 Laurel, MD.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1,203 square feet; built in 1973; Renovated lower‑level unit with LVP flooring and recessed lighting; Kitchen features stainless steel appliances and a stackable washer and dryer
