Condominium with Outdoor
For Sale
$215,000
15708 DORSET ROAD #176, Laurel, MD 20707
The unit combines an open living and dining area, an equipped kitchen, and access to a shared outdoor pool.
Property Size1,072 SF
Price / SF$200.56
Days on Market20
Property Features for 15708 DORSET ROAD #176
General Information
Standard status
Active
Size
1,072 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
outdoor pool
built-in microwave
dishwasher
disposal
stove
washer/dryer hookups
Building Details
Building Size
1,072 SF
Year Built
1982
Construction
Colonial
Listing Agency:
Maverick Realty, LLC
Listed By:
Chad F Morton
(240) 273-3127
Source:
Paulchilds.kw
Added: Sep 16
Changed: Oct 4
Last Checked: Oct 4 at 6:00AM
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 Maverick Realty, LLC
Investment Insights
Based on property information with market context.
This 1,072-square-foot condominium has two bedrooms and two full bathrooms. Its living and dining areas share an open layout, alongside a kitchen with a stove, built-in microwave, dishwasher, and disposal. Washer and dryer hookups are also provided. The garden-style building was constructed in 1982 and has Colonial architectural styling.
Residents have access to an outdoor community pool. The association fee covers water, trash service, parking, and snow removal. The property is located at 15708 Dorset Road in Laurel, Maryland.
Residents have access to an outdoor community pool. The association fee covers water, trash service, parking, and snow removal. The property is located at 15708 Dorset Road in Laurel, Maryland.
Key Highlights
- Two‑bedroom, two‑bathroom condominium with 1,072 square feet
- Open living and dining layout
- Kitchen includes a stove, built‑in microwave, dishwasher, and disposal
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,432
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,640
$288.6K
Cap Rate 7%
$206,171
$206.2K
Cap Rate 9%
$160,356
$160.4K
Market Conditions
NOI Build-Up for 1,072 SF
Gross rent
$27.9K $26.04/SF
− Vacancy
−$1.7K −$1.56/SF
EGI
$26.2K $24.48/SF
− OpEx
−$11.8K −$11.01/SF
NOI
$14.4K $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%
$288,640
Cap Rate 7%
$206,171
Cap Rate 9%
$160,356
Alternative Uses
Best Use
Apartment 5plus
$206.2K
$180.4K – $240.5K
NOI $14,432 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$345.8K
$302.6K – $403.5K
NOI $24,208 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
181
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 unit combines an open living and dining area, an equipped kitchen, and access to a shared outdoor pool.
Where is this residential income property located?
The property is located at 15708 DORSET ROAD #176 Laurel, MD.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium with 1,072 square feet; Open living and dining layout; Kitchen includes a stove, built‑in microwave, dishwasher, and disposal
