Renovated Residential Income
For Sale
$239,900
2010 ALICE AVENUE Unit 101, Oxon Hill, MD 20745
A ground-floor condominium offers three bedrooms, two bathrooms, and an updated kitchen with a center island.
Property Size980 SF
Price / SF$244.80
Days on Market121
Property Features for 2010 ALICE AVENUE Unit 101
General Information
Standard status
Active
Size
980 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,967
Building Details
Building Size
980 SF
Year Built
1991
Listing Agency:
Xcel Realty, LLC
Listed By:
Subba Reddy
(202) 510-8740
Source:
Jackrealtygroup
Added: Jul 1
Changed: Oct 27
Last Checked: Oct 26 at 3:10PM
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 Xcel Realty, LLC
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Investment Insights
Based on property information with market context.
This 980-square-foot, single-level ground-floor condominium was built in 1991 and has three bedrooms and two bathrooms. The kitchen features tall white cabinets, granite counters, a center island, and upgraded stainless steel appliances. The living room includes recessed lighting and a patio door; the primary bedroom has a walk-in closet and attached renovated bathroom. A second renovated full bathroom serves the other bedrooms. In-unit laundry, fresh paint, and updated moldings complete the interior.
The property is in Oxon Hill, near 495, National Harbor, shopping, and major routes, with Washington, DC and Virginia also cited as nearby destinations.
The property is in Oxon Hill, near 495, National Harbor, shopping, and major routes, with Washington, DC and Virginia also cited as nearby destinations.
Key Highlights
- 980 square feet; built in 1991
- Three bedrooms and two bathrooms in a single‑level, ground‑floor condominium
- Kitchen with tall white cabinets, granite counters, center island, and upgraded stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,193
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,860
$263.9K
Cap Rate 7%
$188,471
$188.5K
Cap Rate 9%
$146,589
$146.6K
Market Conditions
NOI Build-Up for 980 SF
Gross rent
$25.5K $26.04/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$24.0K $24.48/SF
− OpEx
−$10.8K −$11.01/SF
NOI
$13.2K $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%
$263,860
Cap Rate 7%
$188,471
Cap Rate 9%
$146,589
Alternative Uses
Best Use
Apartment 5plus
$188.5K
$164.9K – $219.9K
NOI $13,193 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$316.1K
$276.6K – $368.8K
NOI $22,130 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
416
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
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Frequently Asked Questions
What type of property is this?
Residential income property - A ground-floor condominium offers three bedrooms, two bathrooms, and an updated kitchen with a center island.
Where is this residential income property located?
The property is located at 2010 ALICE AVENUE Unit 101 Oxon Hill, MD.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 980 square feet; built in 1991; Three bedrooms and two bathrooms in a single‑level, ground‑floor condominium; Kitchen with tall white cabinets, granite counters, center island, and upgraded stainless steel appliances
