Three-Bedroom Top-Floor
For Sale
$205,000
11382 CHERRY HILL ROAD Unit 1J304, Beltsville, MD 20705
The 1,161-square-foot residence includes in-unit laundry, a private balcony, and generous closet and storage space.
Property Size1,161 SF
Price / SF$176.57
Days on Market36
Property Features for 11382 CHERRY HILL ROAD Unit 1J304
General Information
Standard status
Active
Size
1,161 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,787
Amenities
in-unit laundry
private balcony
Building Details
Building Size
1,161 SF
Year Built
1965
Listing Agency:
Coldwell Banker Realty
Listed By:
Kelly Harris · License #661666
(443) 763-2000
Source:
Jackrealtygroup
Added: Sep 25
Changed: Oct 30
Last Checked: Oct 29 at 11:33PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Set on the top floor, this three-bedroom, two-bathroom condo has 1,161 square feet of interior space. The living and dining area features vaulted ceilings with exposed beams and opens to a private balcony. An efficient galley kitchen, in-unit laundry, generous closets, and additional storage round out the layout. Updated flooring covers much of the main living area. The building dates to 1965.
The property is in Beltsville, with access to major commuter routes, shopping, dining, and employment centers in the surrounding area.
The property is in Beltsville, with access to major commuter routes, shopping, dining, and employment centers in the surrounding area.
Key Highlights
- Three bedrooms and two full bathrooms in 1,161 square feet
- Top‑floor unit with vaulted ceilings and exposed beams
- Private balcony accessed from the living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,630
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,600
$312.6K
Cap Rate 7%
$223,286
$223.3K
Cap Rate 9%
$173,667
$173.7K
Market Conditions
NOI Build-Up for 1,161 SF
Gross rent
$30.2K $26.04/SF
− Vacancy
−$1.8K −$1.56/SF
EGI
$28.4K $24.48/SF
− OpEx
−$12.8K −$11.01/SF
NOI
$15.6K $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%
$312,600
Cap Rate 7%
$223,286
Cap Rate 9%
$173,667
Alternative Uses
Best Use
Apartment 5plus
$223.3K
$195.4K – $260.5K
NOI $15,630 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$374.5K
$327.7K – $437.0K
NOI $26,217 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
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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 1,161-square-foot residence includes in-unit laundry, a private balcony, and generous closet and storage space.
Where is this residential income property located?
The property is located at 11382 CHERRY HILL ROAD Unit 1J304 Beltsville, MD.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms in 1,161 square feet; Top‑floor unit with vaulted ceilings and exposed beams; Private balcony accessed from the living area
