Top-Floor Condo with
For Sale
$230,000
2020 ALICE AVENUE Unit 302, Oxon Hill, MD 20745
A two-bedroom residence pairs an open interior with a balcony, updated kitchen, and wood-burning fireplace.
Property Size973 SF
Price / SF$236.38
Days on Market66
Property Features for 2020 ALICE AVENUE Unit 302
General Information
Standard status
Active
Size
973 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,264
Amenities
balcony
fireplace
Building Details
Building Size
973 SF
Year Built
1991
Listing Agency:
Keller Williams Preferred Properties
Listed By:
Donald A Williams · License #324909
(240) 461-1557
Source:
Jackrealtygroup
Added: Aug 25
Changed: Oct 27
Last Checked: Oct 26 at 2:56PM
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 Keller Williams Preferred Properties
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Investment Insights
Based on property information with market context.
This top-floor condo offers 973 square feet with two bedrooms and two bathrooms. The open interior includes an extended dining area that connects to a balcony, along with a wood-burning fireplace. The kitchen has Corian countertops and backsplash, and its refrigerator, dishwasher, and range are each less than one year old. The primary bedroom includes a freestanding soaking tub. Built in 1991, the unit is located in Oxon Hill, Maryland.
Key Highlights
- Top‑floor, 2‑bedroom, 2‑bath condo with 973 square feet
- Balcony accessed from the extended dining area
- Updated kitchen with Corian countertops and backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,099
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,980
$262.0K
Cap Rate 7%
$187,129
$187.1K
Cap Rate 9%
$145,544
$145.5K
Market Conditions
NOI Build-Up for 973 SF
Gross rent
$25.3K $26.04/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$23.8K $24.48/SF
− OpEx
−$10.7K −$11.01/SF
NOI
$13.1K $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%
$261,980
Cap Rate 7%
$187,129
Cap Rate 9%
$145,544
Alternative Uses
Best Use
Apartment 5plus
$187.1K
$163.7K – $218.3K
NOI $13,099 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$313.9K
$274.7K – $366.2K
NOI $21,972 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
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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 two-bedroom residence pairs an open interior with a balcony, updated kitchen, and wood-burning fireplace.
Where is this residential income property located?
The property is located at 2020 ALICE AVENUE Unit 302 Oxon Hill, MD.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Top‑floor, 2‑bedroom, 2‑bath condo with 973 square feet; Balcony accessed from the extended dining area; Updated kitchen with Corian countertops and backsplash
