2514 MARKHAM LANE Unit 1, Landover, MD 20785

Building Details

Building Size 1,061 SF More

Year Built 1963 More

Listing Agency: Quasar Property Management And Real Estate LLC

Listed By: Maria del Pilar Contreras · License #5022034 Show Phone

Source: Mxwrealestate

Added: Oct 5 Changed: Oct 30 Last Checked: Nov 7 at 9:25AM

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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 Quasar Property Management And Real Estate LLC

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Investment Insights

Based on property information with market context.

This 1,061-square-foot condominium has three bedrooms, a full bathroom with a walk-in shower, and storage closets in each bedroom. The kitchen is equipped with stainless steel appliances. Recent work includes new carpet, appliances, and interior paint. French doors open to a balcony, and the unit also has central air conditioning and in-unit laundry. Built in 1963, the property is being offered to owner-occupant buyers only.

Key Highlights

• Three‑bedroom condominium with 1,061 square feet of interior space
• Balcony accessed through French doors
• Stainless steel kitchen appliances

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,284

Cap Rate

7.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$285,680 $285.7K

Cap Rate 7%

$204,057 $204.1K

Cap Rate 9%

$158,711 $158.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,061 SF

Gross rent

$27.6K $26.04/SF

− Vacancy

−$1.7K −$1.56/SF

EGI

$26.0K $24.48/SF

− OpEx

−$11.7K −$11.01/SF

NOI

$14.3K $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%

$285,680

Cap Rate 7%

$204,057

Cap Rate 9%

$158,711

Alternative Uses

Best Use

Apartment 5plus

$204.1K

$178.6K – $238.1K (±1% cap)

NOI $14,284 @ 7.0% cap · market cap 7.73%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$342.3K

$299.5K – $399.3K (±1% cap)

NOI $23,959 @ 7.0% cap · market cap 12.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

439

Businesses Nearby

Explore this area Business Placement

Demographics for 20785, MD

41,636

Population

16,202

Households

2.6

Avg Household Size

35

Median Age

30%

College-Educated

88%

High-School Grad

10.1 sq mi

ZIP Area

4,122

Density / Sq Mi

$83,690

Median Household Income

$45,595

Median Earnings

$1,764

Median Rent

$346,000

Median Home Value

Market

Average Price Trend$/SF for Residential income properties in Prince George's County, MD

$257 Jul

$280 Aug

$261 Sep

$271 Oct

Properties on Market for Residential income properties in Prince George's County

Jul

Aug

Sep

Oct

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Frequently Asked Questions

What type of property is this?

Residential income property - The three-bedroom condominium includes in-unit laundry, central air conditioning, and outdoor space.

Where is this residential income property located?

The property is located at 2514 MARKHAM LANE Unit 1 Landover, MD.

What is the asking price?

The asking price for this property is $184,900.

What are key features of this property?

This property features: Three‑bedroom condominium with 1,061 square feet of interior space; Balcony accessed through French doors; Stainless steel kitchen appliances