196-Unit Multifamily Community in
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1201 Benning Rd, Capitol Heights, MD 20743
Recently renovated 196-unit multifamily community near Washington, DC.
Property Size231,800 SF
Days on Market156
Property Features for 1201 Benning Rd
General Information
Standard status
Active
Size
231,800 SF
Class
C
Property subtype
Multifamily
Zoning
CGO
Occupancy
57%
Building Details
Year Built
1948
Buildings
20
Units
196
Listing Agency:
Marcus & Millichap - Washington, D.C.
(202) 536-3700
Listed By:
Marty Zupancic · License #MD 631902
Source:
Crexi
Added: Mar 19
Changed: Aug 8
Last Checked: Aug 8 at 2:40PM
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 Marcus & Millichap - Washington, D.C.
Investment Insights
Based on property information with market context.
Highland Ridge is a 196-unit multifamily community located in Capitol Heights/Coral Hills, Maryland, directly adjacent to the Washington, DC border. The property consists of 231,800 gross square feet across multiple buildings. The community has recently undergone more than $1,800,000 in capital improvements. It features 120 on-site parking spaces, upgraded electrical systems, and on-site amenities. The unit mix averages 842 square feet. The property is positioned with a clear path to long term stabilization due to recently completed renovations, proximity to major employment centers, retail, entertainment (direct access to downtown DC and National Harbor) and several major commuter corridors. There are currently 85 vacancies.
Key Highlights
- Recently renovated asset with over $1,800,000 in capital improvements.
- Located directly adjacent to the Washington, DC border.
- Clear path to stabilization with 85 current vacancies.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 20743, MD
40,709
Population
16,521
Households
2.5
Avg Household Size
38
Median Age
23%
College-Educated
86%
High-School Grad
9.6 sq mi
ZIP Area
4,241
Density / Sq Mi
$76,332
Median Household Income
$47,762
Median Earnings
$1,614
Median Rent
$317,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Recently renovated 196-unit multifamily community near Washington, DC.
Where is this apartment building located?
The property is located at 1201 Benning Rd Capitol Heights, MD.
What are key features of this property?
This property features: Recently renovated asset with **over $1,800,000 in capital improvements.**; Located directly adjacent to the Washington, DC border.; Clear path to stabilization with 85 current vacancies.
