Renovated Two-Bedroom
For Sale
$180,000
11344 CHERRY HILL ROAD Unit 101, Beltsville, MD 20705
The condo fee includes water, sewer, gas, and electric service.
Property Size989 SF
Price / SF$182
Days on Market190
Property Features for 11344 CHERRY HILL ROAD Unit 101
General Information
Standard status
Active
Size
989 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,389
Building Details
Building Size
989 SF
Year Built
1965
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Apr 24
Changed: Oct 27
Last Checked: Oct 26 at 3:02PM
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
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 two-bedroom, one-and-a-half-bath condo was built in 1965 and has updated flooring, renovated bathrooms, and a redesigned kitchen with modern cabinetry, granite countertops, and upgraded appliances. Newly installed Infinity by Marvin windows add another recent improvement. A separate storage area offers flexible utility, and the unit has an approved washer and dryer for in-unit use.
At 11344 Cherry Hill Road in Beltsville, the property is moments from public transportation, shopping, dining, and everyday services. Water, sewer, gas, and electric are covered by the monthly condo fee.
At 11344 Cherry Hill Road in Beltsville, the property is moments from public transportation, shopping, dining, and everyday services. Water, sewer, gas, and electric are covered by the monthly condo fee.
Key Highlights
- Two bedrooms and 1.5 bathrooms
- Updated kitchen with modern cabinetry, granite countertops, and upgraded appliances
- Newly installed Infinity by Marvin windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,315
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,300
$266.3K
Cap Rate 7%
$190,214
$190.2K
Cap Rate 9%
$147,944
$147.9K
Market Conditions
NOI Build-Up for 989 SF
Gross rent
$25.8K $26.04/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$24.2K $24.48/SF
− OpEx
−$10.9K −$11.01/SF
NOI
$13.3K $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%
$266,300
Cap Rate 7%
$190,214
Cap Rate 9%
$147,944
Alternative Uses
Best Use
Apartment 5plus
$190.2K
$166.4K – $221.9K
NOI $13,315 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$319.0K
$279.2K – $372.2K
NOI $22,333 @ 7.0% cap · market cap 12.41%
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
370
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 condo fee includes water, sewer, gas, and electric service.
Where is this residential income property located?
The property is located at 11344 CHERRY HILL ROAD Unit 101 Beltsville, MD.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Two bedrooms and 1.5 bathrooms; Updated kitchen with modern cabinetry, granite countertops, and upgraded appliances; Newly installed Infinity by Marvin windows
