Two-Bedroom Condo with
2805 FOREST RUN DRIVE Unit 2-205, District Heights, MD 20747
For Sale
$214,888
Elevator access serves this two-bath residence, with step-free entry to the unit.
Property Size1,159 SF
Price / SF$185.41
Days on Market75
Property Features for 2805 FOREST RUN DRIVE Unit 2-205
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private balcony
fireplace
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
Janet L Faison · License MD #596227
(240) 350-0991
Source:
Jackrealtygroup
Added: Aug 28
Changed: Nov 9
Last Checked: Nov 9 at 9:53AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 1,159-square-foot condominium was built in 2006 and has two bedrooms and two full bathrooms. Its open layout connects the living and dining areas, with a fireplace in the living space and a private balcony accessed from the dining room. Recent interior work includes fresh paint and new carpet throughout. Elevator service provides access to the unit without steps.
The home is in The Avenue at Forest Run in District Heights. Shopping and dining are minutes away, bus lines and Penn Avenue are within walking distance, and I-495 is a short drive from the property.
The home is in The Avenue at Forest Run in District Heights. Shopping and dining are minutes away, bus lines and Penn Avenue are within walking distance, and I-495 is a short drive from the property.
Key Highlights
- 1,159‑square‑foot condominium built in 2006
- Two bedrooms and two full bathrooms
- Open living and dining layout with fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,603
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,060
$312.1K
Cap Rate 7%
$222,900
$222.9K
Cap Rate 9%
$173,367
$173.4K
Market Conditions
NOI Build-Up for 1,159 SF
Gross rent
$30.2K $26.04/SF
− Vacancy
−$1.8K −$1.56/SF
EGI
$28.4K $24.48/SF
− OpEx
−$12.8K −$11.01/SF
NOI
$15.6K $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%
$312,060
Cap Rate 7%
$222,900
Cap Rate 9%
$173,367
Alternative Uses
Best Use
Apartment 5plus
$222.9K
$195.0K – $260.1K
NOI $15,603 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$373.9K
$327.2K – $436.2K
NOI $26,172 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Explore this area
Business Placement
Demographics for 20747, MD
40,696
Population
17,271
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
7.9 sq mi
ZIP Area
5,151
Density / Sq Mi
$72,931
Median Household Income
$48,311
Median Earnings
$1,635
Median Rent
$325,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Prince George's County, MD
Properties on Market for Residential income properties in Prince George's County
Frequently Asked Questions
What type of property is this?
Residential income property - Elevator access serves this two-bath residence, with step-free entry to the unit.
Where is this residential income property located?
The property is located at 2805 FOREST RUN DRIVE Unit 2-205 District Heights, MD.
What is the asking price?
The asking price for this property is $214,888.
What are key features of this property?
This property features: 1,159‑square‑foot condominium built in 2006; Two bedrooms and two full bathrooms; Open living and dining layout with fireplace
