Multifamily Property with
For Sale
$999,900
411 Gorman Avenue, Laurel, MD 20707
A heated basement with exterior access adds usable space to the detached frame residence.
Property Size2,670 SF
Lot Size0.24 Acres
Price / SF$374.49
Days on Market24
Property Features for 411 Gorman Avenue
General Information
Standard status
Active
Size
2,670 SF
Lot size
0.24 Acres
Property subtype
Multi Family Home
Zoning
LAUR
Taxes and HOA fees
Annual Taxes
$7,469
Building Details
Building Size
2,670 SF
Year Built
2026
Units
2
Construction
traditional
Listing Agency:
Iron Valley Real Estate of Berks
Listed By:
Fernando Hernandez · License #RS339935
(610) 406-8198
Source:
Fernandohernandez
Added: Oct 1
Changed: Oct 23
Last Checked: Oct 23 at 5:02PM
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 Iron Valley Real Estate of Berks
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Investment Insights
Based on property information with market context.
Built in 2026, this detached, traditional-style frame residence offers 2,670 square feet of finished area. A heated basement with an exterior entrance provides additional interior space. The property occupies a 0.24-acre lot and includes a driveway for parking.
Located at 411 Gorman Avenue in Laurel, Maryland, the property is zoned LAUR.
Located at 411 Gorman Avenue in Laurel, Maryland, the property is zoned LAUR.
Key Highlights
- 2,670 square feet of finished area
- Heated basement with an exterior entrance
- 0.24‑acre lot with a driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,945
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,900
$718.9K
Cap Rate 7%
$513,500
$513.5K
Cap Rate 9%
$399,389
$399.4K
Market Conditions
NOI Build-Up for 2,670 SF
Gross rent
$69.5K $26.04/SF
− Vacancy
−$4.2K −$1.56/SF
EGI
$65.4K $24.48/SF
− OpEx
−$29.4K −$11.01/SF
NOI
$35.9K $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%
$718,900
Cap Rate 7%
$513,500
Cap Rate 9%
$399,389
Alternative Uses
Best Use
Apartment 5plus
$513.5K
$449.3K – $599.1K
NOI $35,945 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
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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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?
Multifamily property - A heated basement with exterior access adds usable space to the detached frame residence.
Where is this multifamily property 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; Heated basement with an exterior entrance; 0.24‑acre lot with a driveway
