Renovating Brick Triplex with
For Sale
$465,000
Pending
813 Forest Drive S, Oxon Hill, MD 20745
Two-level brick triplex with a finished basement, central air, exterior entrance, and deck.
Property Size1,215 SF
Days on Market1065
Property Features for 813 Forest Drive S
General Information
Standard status
Pending
Size
1,215 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$5,633
Amenities
Central Air
Full Finished, Walkout Stairs, Entrance Outside, Walkout, Full
3
Unfurnished
Pool
RSF65
Parking. Spa.
Driveway, On Street.
Brick
No Pool
Building Details
Year Built
1958
Stories
2
Listing Agency:
Four Seasons Realty LLC
(703) 929-9797
Listed By:
Janneth Enriquez Miranda
(703) 929-9797
Source:
Xome
Added: Oct 1, 2023
Changed: Aug 30
Last Checked: Aug 30 at 1:25PM
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 Four Seasons Realty LLC
Investment Insights
Based on property information with market context.
This two-level brick triplex was built in 1958 and is currently undergoing renovation. The property includes 5 bedrooms and 3 full baths, along with a full finished basement featuring an exterior entrance and walkout stairs. Central air is installed, and the residence includes a wooden deck and driveway parking with additional on-street parking.
Located at 813 Forest Drive S in Oxon Hill, Maryland, the property combines a brick exterior with a basement configuration and multiple access points. Final renovation work is in progress, and the property is offered unfurnished.
Located at 813 Forest Drive S in Oxon Hill, Maryland, the property combines a brick exterior with a basement configuration and multiple access points. Final renovation work is in progress, and the property is offered unfurnished.
Key Highlights
- Triplex with 5 bedrooms and 3 full baths
- Full finished basement with exterior entrance and walkout stairs
- Two‑level brick construction built in 1958
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,654
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$353,080
$353.1K
Cap Rate 7%
$252,200
$252.2K
Cap Rate 9%
$196,156
$196.2K
Market Conditions
NOI Build-Up for 1,215 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.0K $22.20/SF
− Vacancy
−$1.8K −$1.44/SF
EGI
$25.2K $20.76/SF
− OpEx
−$7.6K −$6.23/SF
NOI
$17.7K $14.53/SF
Area
Prince George's County, MD
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$353,080
Cap Rate 7%
$252,200
Cap Rate 9%
$196,156
Alternative Uses
Best Use
Multifamily LT 5
$252.2K
$220.7K – $294.2K
NOI $17,654 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$233.7K
$204.5K – $272.6K
NOI $16,357 @ 7.0% cap · market cap 3.52%
Theoretical Best
Specialty Retail
$392.0K
$343.0K – $457.3K
NOI $27,437 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 20745, MD
32,024
Population
13,124
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
82%
High-School Grad
6.5 sq mi
ZIP Area
4,927
Density / Sq Mi
$80,649
Median Household Income
$47,435
Median Earnings
$1,564
Median Rent
$351,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Two-level brick triplex with a finished basement, central air, exterior entrance, and deck.
Where is this triplex located?
The property is located at 813 Forest Drive S Oxon Hill, MD.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Triplex with 5 bedrooms and 3 full baths; Full finished basement with exterior entrance and walkout stairs; Two‑level brick construction built in 1958
