Two-Bedroom
For Sale
$230,998
1321 KAREN BOULEVARD Unit 207, Capitol Heights, MD 20743
Second-floor entry-level access combines with an interior layout suited to stair-free everyday use.
Property Size1,167 SF
Price / SF$197.94
Days on Market122
Property Features for 1321 KAREN BOULEVARD Unit 207
General Information
Standard status
Active
Size
1,167 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,830
Amenities
community center
Building Details
Building Size
1,167 SF
Year Built
2008
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jun 29
Changed: Oct 27
Last Checked: Oct 26 at 2:10PM
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
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Investment Insights
Based on property information with market context.
This 1,167-square-foot condominium has two bedrooms and two full bathrooms, with the second-floor unit positioned at the building’s main entrance level for stair-free access. Interior features include freshly painted rooms, high ceilings, natural light, 40-inch kitchen cabinetry, and combined living and dining areas. The building dates to 2008.
Residents may reserve the community center for private gatherings and events. The property is in Capitol Heights, with Washington, DC, commuter routes, shopping, dining, and everyday services described as minutes away.
Residents may reserve the community center for private gatherings and events. The property is in Capitol Heights, with Washington, DC, commuter routes, shopping, dining, and everyday services described as minutes away.
Key Highlights
- 2 bedrooms and 2 full bathrooms
- 1,167 square feet
- Second‑floor position at the building’s main entry level allows stair‑free access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,711
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,220
$314.2K
Cap Rate 7%
$224,443
$224.4K
Cap Rate 9%
$174,567
$174.6K
Market Conditions
NOI Build-Up for 1,167 SF
Gross rent
$30.4K $26.04/SF
− Vacancy
−$1.8K −$1.56/SF
EGI
$28.6K $24.48/SF
− OpEx
−$12.9K −$11.01/SF
NOI
$15.7K $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%
$314,220
Cap Rate 7%
$224,443
Cap Rate 9%
$174,567
Alternative Uses
Best Use
Apartment 5plus
$224.4K
$196.4K – $261.9K
NOI $15,711 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$376.5K
$329.4K – $439.2K
NOI $26,353 @ 7.0% cap · market cap 11.41%
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
247
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor entry-level access combines with an interior layout suited to stair-free everyday use.
Where is this residential income property located?
The property is located at 1321 KAREN BOULEVARD Unit 207 Capitol Heights, MD.
What is the asking price?
The asking price for this property is $230,998.
What are key features of this property?
This property features: 2 bedrooms and 2 full bathrooms; 1,167 square feet; Second‑floor position at the building’s main entry level allows stair‑free access
