Residential Income Property with
New
For Sale
$375,000
13901 BELLE CHASSE BLVD #215, Laurel, MD 20707
LAUREL, MD
Property Size1,919 SF
Price / SF$195.41
Days on Market3
Property Features for 13901 BELLE CHASSE BLVD #215
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2
Subdivision
VICTORIA FALLS 3
Elementary school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Middle school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
High school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Standard status
Active
Amenities
Indoor Saltwater Swimming Pool
Outdoor Swimming Pool Terrace
State-of-the-Art Fitness Center
Sauna
Massage Room
Locker Rooms
Billiards Room
Card Room
Arts Crafts Studio
Library
Business Center
Grand Room/Auditorium
Catering Kitchen
Patio and Outdoor Gathering Areas
Walking and Fitness Trails
One-Acre Lake with Fountains
Four Picturesque Victorian-Style Gardens
Waterfall Entrance
Barbecue Area
Two Tennis Court Centers
Outdoor Pool Terrace
Beautifully Landscaped Common Areas
Mail Pavilion
Building Details
Year built
2007
Listing Agency:
Greater Silver Spring
(301) 388-2600
Listed By:
Coni L Otto · License #608255
(888) 536-0216
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 11:06PM
MLS# MDPG2221670
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-bedroom, two-bathroom condominium contains 1,919 square feet and was built in 2007. Its open-plan living, dining, and kitchen areas are complemented by hardwood floors and granite countertops. Appliances include a stainless steel refrigerator and dishwasher, a built-in microwave, and a washer and dryer. The property is being sold as is.
Located within the Victoria Falls 55+ community, residents have access to a clubhouse with an indoor saltwater pool, outdoor pool, fitness center, sauna, billiards room, library, and arts and crafts studio. Outdoor features include approximately three miles of walking and fitness trails, a one-acre lake, gardens, tennis courts, and landscaped common areas.
Located within the Victoria Falls 55+ community, residents have access to a clubhouse with an indoor saltwater pool, outdoor pool, fitness center, sauna, billiards room, library, and arts and crafts studio. Outdoor features include approximately three miles of walking and fitness trails, a one-acre lake, gardens, tennis courts, and landscaped common areas.
Key Highlights
- Two bedrooms and two bathrooms in 1,919 square feet
- Built in 2007
- Victoria Falls is a 55+ community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,835
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,700
$516.7K
Cap Rate 7%
$369,071
$369.1K
Cap Rate 9%
$287,056
$287.1K
Market Conditions
NOI Build-Up for 1,919 SF
Gross rent
$50.0K $26.04/SF
− Vacancy
−$3.0K −$1.56/SF
EGI
$47.0K $24.48/SF
− OpEx
−$21.1K −$11.01/SF
NOI
$25.8K $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%
$516,700
Cap Rate 7%
$369,071
Cap Rate 9%
$287,056
Alternative Uses
Best Use
Apartment 5plus
$369.1K
$322.9K – $430.6K
NOI $25,835 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$619.1K
$541.7K – $722.2K
NOI $43,334 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 20707, MD
37,702
Population
15,146
Households
2.5
Avg Household Size
37
Median Age
45%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
2,992
Density / Sq Mi
$104,093
Median Household Income
$58,633
Median Earnings
$1,880
Median Rent
$411,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 55+ community offers indoor and outdoor pools, fitness facilities, and walking trails.
Where is this residential income property located?
The property is located at 13901 BELLE CHASSE BLVD #215 Laurel, MD.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,919 square feet; Built in 2007; Victoria Falls is a 55+ community
