Duplex with Heated
For Sale
Under Contract
$999,900
411 GORMAN Avenue, Laurel, MD 20707
Multi-Family, LAUREL, MD
Property Size2,670 SF
Lot Size0.24 Acres
Price / SF$374.49
Days on Market23
Property Features for 411 GORMAN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Rooms
Basement
Parking features
Driveway
Elementary school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Middle school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
High school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Standard status
Active Under Contract
Size
2,670 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
7469
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
heated basement with outside entrance
Building Details
Year built
2026
Number of units
2
Building materials
Frame
Architectural style
Other
Listing Agency:
First Decision Realty LLC
(703) 539-7062
Listed By:
Alexsandra Rodriguez · License #661247
(571) 888-0974
Added: Oct 1
Changed: Oct 20
Last Checked: Oct 23 at 7:06AM
MLS# MDPG2211884
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This frame duplex is under construction, with a reported 2026 year built. The 2,670-square-foot residence has a heated basement with an exterior entrance, central air conditioning and forced-air heat. A driveway provides on-site parking. The property occupies a 0.2351-acre lot in Laurel, Maryland.
Key Highlights
- 2,670 square feet of finished area
- 0.2351‑acre lot
- Heated basement with an outside entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,795
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,900
$775.9K
Cap Rate 7%
$554,214
$554.2K
Cap Rate 9%
$431,056
$431.1K
Market Conditions
NOI Build-Up for 2,670 SF
Gross rent
$59.3K $22.20/SF
− Vacancy
−$3.9K −$1.44/SF
EGI
$55.4K $20.76/SF
− OpEx
−$16.6K −$6.23/SF
NOI
$38.8K $14.53/SF
Area
Prince George's County, MD
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,900
Cap Rate 7%
$554,214
Cap Rate 9%
$431,056
Alternative Uses
Best Use
Multifamily LT 5
$554.2K
$484.9K – $646.6K
NOI $38,795 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$513.5K
$449.3K – $599.1K
NOI $35,945 @ 7.0% cap · market cap 3.59%
Theoretical Best
Specialty Retail
$861.3K
$753.7K – $1.00M
NOI $60,293 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,133
Businesses Nearby
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Business Placement
Demographics for 20707, MD
37,702
Population
15,146
Households
2.5
Avg Household Size
37
Median Age
45%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
2,992
Density / Sq Mi
$104,093
Median Household Income
$58,633
Median Earnings
$1,880
Median Rent
$411,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Under construction with central air, forced-air heating and driveway parking.
Where is this duplex located?
The property is located at 411 GORMAN Avenue Laurel, MD.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 2,670 square feet of finished area; 0.2351‑acre lot; Heated basement with an outside entrance
