Laurel Townhome Portfolio
11555 Laurelwalk Dr, Laurel, MD 20708
Portfolio of 9 townhomes near major employers in Laurel, MD.
Type:Multifamily
Property size:
8,225 SF- Added:
- Apr 15, 2025
- Days on Market:
- 402
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 11555 Laurelwalk Dr
General Information
- Standard status
- Active
- Size
- 8,225 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1972
Listing agent Kevin Landolphi License #5019982
Listing office Harbor Stone Advisors
Listing date Apr 15, 2025
Source Crexi
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 Harbor Stone Advisors
HighLights
- Housing Assistance Payment (HAP) contract in place through August 2027.
- Opportunity to increase rents based on current cost of living adjustment.
- High NSPIRE inspection score (91 in 2025) qualifying for reduced inspection frequency.
- Potential to increase rents by 15% with light renovations.
- Option to sell townhomes individually at contract end, with comparable units selling for $250,000.
- Convenient location near Route 295 and major employers.
Overview
Laurelwalk Townhomes is a portfolio of 9 townhomes located within the same community in Laurel, MD. The property is near Route 295 and within 12 miles of Fort Meade, NASA Goddard Space Flight Center, and the University of Maryland, College Park. The property consists of 7 units with 2 bedrooms and 2 bathrooms, and 2 units with 3 bedrooms and 2 bathrooms. Typical unit features include black and stainless steel appliances, wood cabinets, formica countertops, in-unit washer and dryers, and carpet and tile flooring. All of the units were previously renovated in 2014 and the plumbing was updated. The property also has a Housing Assistance Payment (HAP) contract in place through August 2027 and scored a 91 on the 2025 NSPIRE inspection, qualifying the property for reduced inspection frequency (once every 3 years). The property presents an opportunity for a new owner to extend the HAP contract and increase rents based on the current cost of living adjustment. The current owner has not increased the rents in over 10 years. A new owner can also evaluate not renewing the HAP contract and lightly renovating all of the units. Comparable properties with granite countertops and LVT flooring are currently achieving rents at least 15% higher. Additionally, a new owner can explore selling the townhomes individually at contract end. Other two- and three-bedroom townhomes in the community selling for an average of $250,000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Laurel
- County
- Anne Arundel
- State
- Maryland
- Longitude
- -76.8386563
- Latitude
- 39.0471569
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Portfolio of 9 townhomes near major employers in Laurel, MD.
Where is this apartment building located?
The property is located at 11555 Laurelwalk Dr Laurel, MD.
What are key features of this property?
This property features: Housing Assistance Payment (HAP) contract in place through August 2027.; Opportunity to increase rents based on current cost of living adjustment.; High NSPIRE inspection score (91 in 2025) qualifying for reduced inspection frequency.
