Condominium with Private
15607 EVERGLADE LANE Unit B203, Bowie, MD 20716
For Sale
$325,000
Two bedrooms, two bathrooms, and a den provide flexible space within this updated residence.
Property Size1,269 SF
Days on Market118
Property Features for 15607 EVERGLADE LANE Unit B203
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
balcony
washer/dryer
dishwasher
microwave
marble countertops
solid wood cabinets
Building Details
Building Size
Year Built
Listing Agency:
Fairfax Realty Premier
Listed By:
Ehab Hijazi · License #642822
(301) 335-5058
Source:
Bradkappel
Added: Jul 15
Changed: Nov 8
Last Checked: Nov 8 at 5:26PM
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 Fairfax Realty Premier
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Investment Insights
Based on property information with market context.
This Bowie condominium offers two bedrooms, two bathrooms, and a den. Recent improvements include new flooring, refreshed bathrooms, fresh paint, and an upgraded air-conditioning system. The kitchen has a dishwasher, microwave, marble countertops, and solid wood cabinetry; a washer and dryer are also included. A large balcony provides outdoor space with a natural view.
Allen Pond and Bowie Town Center, with retail shops and restaurants, are within a two-mile radius. The property is near Route 50 and the Capital Beltway (I-495), and Washington, DC is approximately a 15-minute drive east on Route 50. The building was constructed in 1999.
Allen Pond and Bowie Town Center, with retail shops and restaurants, are within a two-mile radius. The property is near Route 50 and the Capital Beltway (I-495), and Washington, DC is approximately a 15-minute drive east on Route 50. The building was constructed in 1999.
Key Highlights
- Two bedrooms, two bathrooms, and a den
- New flooring, refreshed bathrooms, fresh paint, and upgraded A/C
- Kitchen includes dishwasher, microwave, marble countertops, and solid wood cabinets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,084
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,680
$341.7K
Cap Rate 7%
$244,057
$244.1K
Cap Rate 9%
$189,822
$189.8K
Market Conditions
NOI Build-Up for 1,269 SF
Gross rent
$33.0K $26.04/SF
− Vacancy
−$2.0K −$1.56/SF
EGI
$31.1K $24.48/SF
− OpEx
−$14.0K −$11.01/SF
NOI
$17.1K $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%
$341,680
Cap Rate 7%
$244,057
Cap Rate 9%
$189,822
Alternative Uses
Best Use
Apartment 5plus
$244.1K
$213.6K – $284.7K
NOI $17,084 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$409.4K
$358.2K – $477.6K
NOI $28,656 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
Explore this area
Business Placement
Demographics for 20716, MD
22,874
Population
9,492
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
94%
High-School Grad
11.5 sq mi
ZIP Area
1,989
Density / Sq Mi
$122,683
Median Household Income
$66,987
Median Earnings
$2,140
Median Rent
$405,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Residential income properties in Prince George's County, MD
Properties on Market for Residential income properties in Prince George's County
Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms, two bathrooms, and a den provide flexible space within this updated residence.
Where is this residential income property located?
The property is located at 15607 EVERGLADE LANE Unit B203 Bowie, MD.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two bedrooms, two bathrooms, and a den; New flooring, refreshed bathrooms, fresh paint, and upgraded A/C; Kitchen includes dishwasher, microwave, marble countertops, and solid wood cabinets
