Two-Bedroom Condominium with
For Sale
$234,900
1321 KAREN BOULEVARD Unit 301, Capitol Heights, MD 20743
Set within a gated community, the home includes access to a clubhouse, exercise room, and children's park.
Property Size1,049 SF
Price / SF$223.93
Days on Market105
Property Features for 1321 KAREN BOULEVARD Unit 301
General Information
Standard status
Active
Size
1,049 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,830
Amenities
clubhouse
exercise room
children's park
private balcony
Building Details
Building Size
1,049 SF
Year Built
2008
Listing Agency:
Corner House Realty
Listed By:
Lydia H Newman · License #641460
(301) 542-2826
Source:
Mxwrealestate
Added: Jul 20
Changed: Oct 30
Last Checked: Oct 30 at 2:11AM
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 Corner House Realty
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Investment Insights
Based on property information with market context.
This 1,049-square-foot condominium has two bedrooms and one bathroom, with an open living and dining area. The kitchen features granite countertops, updated appliances, and pantry storage. A private balcony extends the living space, while large windows bring natural light into the home. The unit is one flight of stairs above ground level.
The gated community includes a clubhouse, exercise room, children's park, and landscaped grounds. The property is less than 3 miles from the 495 Beltway and Addison Road Metro station, with Washington, DC, described as minutes away.
The gated community includes a clubhouse, exercise room, children's park, and landscaped grounds. The property is less than 3 miles from the 495 Beltway and Addison Road Metro station, with Washington, DC, described as minutes away.
Key Highlights
- 1,049 square feet with two bedrooms and one bathroom
- Private balcony and open living and dining area
- Kitchen includes granite countertops, updated appliances, and pantry storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,122
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,440
$282.4K
Cap Rate 7%
$201,743
$201.7K
Cap Rate 9%
$156,911
$156.9K
Market Conditions
NOI Build-Up for 1,049 SF
Gross rent
$27.3K $26.04/SF
− Vacancy
−$1.6K −$1.56/SF
EGI
$25.7K $24.48/SF
− OpEx
−$11.6K −$11.01/SF
NOI
$14.1K $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%
$282,440
Cap Rate 7%
$201,743
Cap Rate 9%
$156,911
Alternative Uses
Best Use
Apartment 5plus
$201.7K
$176.5K – $235.4K
NOI $14,122 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$338.4K
$296.1K – $394.8K
NOI $23,688 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
247
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Set within a gated community, the home includes access to a clubhouse, exercise room, and children's park.
Where is this residential income property located?
The property is located at 1321 KAREN BOULEVARD Unit 301 Capitol Heights, MD.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: 1,049 square feet with two bedrooms and one bathroom; Private balcony and open living and dining area; Kitchen includes granite countertops, updated appliances, and pantry storage
