Two-Bedroom Residential Income
For Sale
$166,000
11380 CHERRY HILL ROAD Unit 101, Beltsville, MD 20705
The residence includes central air, updated appliances, and newer flooring.
Property Size989 SF
Price / SF$167.85
Days on Market192
Property Features for 11380 CHERRY HILL ROAD Unit 101
General Information
Standard status
Active
Size
989 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,233
Amenities
central air
in-building laundry room
secured building community
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 22
Changed: Oct 27
Last Checked: Oct 26 at 3:54PM
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 condominium offers 989 square feet of living space and 1.5 bathrooms. Improvements include central air, modern appliances, and newer flooring. The unit is within a secured building community, with laundry available in the building.
Built in 1965, the property is located in Beltsville, Maryland. The condominium fee covers all utilities and exterior upkeep.
Built in 1965, the property is located in Beltsville, Maryland. The condominium fee covers all utilities and exterior upkeep.
Key Highlights
- Two bedrooms and 1.5 bathrooms
- 989 square feet of living space
- Central air, modern appliances, and newer flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,315
Cap Rate
8.02%
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 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$319.0K
$279.2K – $372.2K
NOI $22,333 @ 7.0% cap · market cap 13.45%
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
425
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 residence includes central air, updated appliances, and newer flooring.
Where is this residential income property located?
The property is located at 11380 CHERRY HILL ROAD Unit 101 Beltsville, MD.
What is the asking price?
The asking price for this property is $166,000.
What are key features of this property?
This property features: Two bedrooms and 1.5 bathrooms; 989 square feet of living space; Central air, modern appliances, and newer flooring
