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Two-Bedroom Condominium Income Property
For Sale
$269,999
Pending

15049 CHERRYWOOD DR #4R, Laurel, MD 20707

LAUREL, MD

Property SizeContact for details
Days on Market25

Property Features for 15049 CHERRYWOOD DR #4R

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 1
Subdivision CHERRYWOOD CONDO PHASE I
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 Pending

Amenities

lawn care
snow removal
fenced patio
wood-burning fireplace

Building Details

Year built 1980
Listing Agency: Columbia
Listed By: John D Hughson · License #577713
Added: Sep 11 Changed: Sep 26 Last Checked: Oct 5 at 10:06PM
MLS# MDPG2218244

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 one-level residential income property is a two-bedroom, two-bath condominium built in 1980. The layout includes a bonus room, a primary suite with a private full bath and walk-in closet, and a common living area combining dining and living functions around a wood-burning fireplace. The kitchen has updated cabinetry with soft-close doors and drawers, Corian countertops, and direct connection to the great room. A sliding door opens to a private fenced patio.

Major improvements include replacement windows, a new water heater in 2025, new heating and air-conditioning equipment, luxury vinyl plank flooring, and fresh paint identified for September 2026. The condominium is FHA/VA approved and includes 2 assigned parking spaces. Community services cover lawn care and snow removal. The property is in Laurel, Maryland, near the Laurel MARC Camden Line Station, commuter routes, shopping, dining, and entertainment.

Key Highlights

  • Two‑bedroom, two‑bath condominium with one‑level layout
  • FHA/VA‑approved condominium property
  • Bonus room plus primary suite with full bath and walk‑in closet

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Law Firm Real Estate Agency Nail Salon Restaurant Parking Lot & Garage (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

487
Businesses Nearby

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 - Updated one-level condominium with a bonus room, fenced patio, assigned parking, and FHA/VA approval.
Where is this residential income property located?
The property is located at 15049 CHERRYWOOD DR #4R Laurel, MD.
What is the asking price?
The asking price for this property is $269,999.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium with one‑level layout; FHA/VA‑approved condominium property; Bonus room plus primary suite with full bath and walk‑in closet
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