Ground-Floor Residential Income
For Sale
$268,900
11430 LAURELWALK DRIVE Unit B72, Laurel, MD 20708
A three-bedroom home features two full baths, in-unit laundry, and a private rear patio.
Property Size1,203 SF
Price / SF$223.52
Days on Market15
Property Features for 11430 LAURELWALK DRIVE Unit B72
General Information
Standard status
Active
Size
1,203 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,182
Building Details
Building Size
1,203 SF
Year Built
1973
Year Renovated
2026
Listing Agency:
Smart Realty, LLC
Listed By:
Adekemi Adesida · License #640400
(301) 704-9886
Source:
Dmvliving
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 27 at 3:26AM
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 Smart Realty, LLC
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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, ground-floor residence has three bedrooms and two full bathrooms. Renovated in 2026, it includes a new kitchen with white shaker cabinetry, granite countertops, and stainless steel appliances. Both bathrooms have been updated; the primary suite offers a walk-in closet and a tiled walk-in shower. Luxury vinyl plank flooring, fresh paint, and updated fixtures extend throughout, while a full-size washer and dryer are located inside the unit. A private patio provides direct outdoor space.
The home is in Laurel’s Applewalk community, with access to I-95, Route 198, and the BW Parkway. Towne Centre Laurel is nearby, and the property is described as convenient for travel to Washington, DC, and Baltimore. The monthly community fee covers master insurance, water and sewer, snow removal, and maintenance of common grounds.
The home is in Laurel’s Applewalk community, with access to I-95, Route 198, and the BW Parkway. Towne Centre Laurel is nearby, and the property is described as convenient for travel to Washington, DC, and Baltimore. The monthly community fee covers master insurance, water and sewer, snow removal, and maintenance of common grounds.
Key Highlights
- 1,203‑square‑foot residence with three bedrooms and two full bathrooms
- Renovated in 2026 with updated kitchen, baths, flooring, paint, and fixtures
- Ground‑floor layout with private rear patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,196
Cap Rate
6.02%
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 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$388.1K
$339.6K – $452.8K
NOI $27,166 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
193
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 - A three-bedroom home features two full baths, in-unit laundry, and a private rear patio.
Where is this residential income property located?
The property is located at 11430 LAURELWALK DRIVE Unit B72 Laurel, MD.
What is the asking price?
The asking price for this property is $268,900.
What are key features of this property?
This property features: 1,203‑square‑foot residence with three bedrooms and two full bathrooms; Renovated in 2026 with updated kitchen, baths, flooring, paint, and fixtures; Ground‑floor layout with private rear patio
