Residential Income Property with
For Sale
$218,900
2040 ALICE AVENUE Unit 2040-304, Oxon Hill, MD 20745
This 2-bedroom, 2-bath condominium has a separate dining area, laundry area, and primary walk-in closet.
Property Size1,070 SF
Price / SF$204.58
Days on Market41
Property Features for 2040 ALICE AVENUE Unit 2040-304
General Information
Standard status
Active
Size
1,070 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
needs new carpet and a few cosmetic touches
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,734
Amenities
fireplace
walk-in closet
laundry area
Building Details
Building Size
1,070 SF
Year Built
1991
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 19
Changed: Oct 27
Last Checked: Oct 26 at 3:54PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
Located on the top floor, this 1,070-square-foot condominium contains two bedrooms and two bathrooms, along with a separate dining area, laundry area, primary walk-in closet, and fireplace. The unit was built in 1991 and is described as being in good condition, with new carpet and cosmetic updates needed. One parking space is included.
The property is at 2040 Alice Avenue in Oxon Hill. The stated drive times are 8 minutes to MGM and National Harbor, 12 minutes to Alexandria, and 9 minutes to the DC line.
The property is at 2040 Alice Avenue in Oxon Hill. The stated drive times are 8 minutes to MGM and National Harbor, 12 minutes to Alexandria, and 9 minutes to the DC line.
Key Highlights
- Top‑floor condominium with 1,070 square feet
- Two bedrooms and two bathrooms
- Separate dining area, primary walk‑in closet, and laundry area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,405
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,100
$288.1K
Cap Rate 7%
$205,786
$205.8K
Cap Rate 9%
$160,056
$160.1K
Market Conditions
NOI Build-Up for 1,070 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%
$288,100
Cap Rate 7%
$205,786
Cap Rate 9%
$160,056
Alternative Uses
Best Use
Apartment 5plus
$205.8K
$180.1K – $240.1K
NOI $14,405 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$345.2K
$302.0K – $402.7K
NOI $24,162 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
702
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
Frequently Asked Questions
What type of property is this?
Residential income property - This 2-bedroom, 2-bath condominium has a separate dining area, laundry area, and primary walk-in closet.
Where is this residential income property located?
The property is located at 2040 ALICE AVENUE Unit 2040-304 Oxon Hill, MD.
What is the asking price?
The asking price for this property is $218,900.
What are key features of this property?
This property features: Top‑floor condominium with 1,070 square feet; Two bedrooms and two bathrooms; Separate dining area, primary walk‑in closet, and laundry area
