Two-Bedroom Residential Income
For Sale
$169,980
5434 85TH AVENUE Unit 202, Hyattsville, MD 20784
The second-floor unit has a private balcony and access to a community pool.
Property Size831 SF
Price / SF$204.55
Days on Market235
Property Features for 5434 85TH AVENUE Unit 202
General Information
Standard status
Active
Size
831 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x ][2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,118
Amenities
balcony
playground
outdoor pool
Building Details
Building Size
831 SF
Year Built
1963
Listing Agency:
Jason Mitchell Group
Listed By:
Eric W Brooks · License #635038
(703) 622-2001
Source:
Innovativetouchrealty
Added: Mar 9
Changed: Oct 27
Last Checked: Oct 26 at 3:16PM
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 Jason Mitchell Group
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Investment Insights
Based on property information with market context.
This 831-square-foot, two-bedroom, one-bathroom condo is on the second and top floor of a 1963 building. The living room opens to a balcony, while the kitchen and dining area provide adjoining spaces. Kitchen finishes and appliances include granite counters, white cabinetry, stainless steel appliances, recessed lighting, ceramic tile flooring, and gas cooking. Both bedrooms have closets and ceiling fans.
Residents have access to landscaped common areas, a playground, and an outdoor pool. A Metro bus stop is at the community entrance, and New Carrollton Metro Rail, Amtrak, and MARC stations are half a mile away. Shopping, West Lanham Hills Neighborhood Park, and Lanham Forest Recreation Center are nearby, with I-495 a short drive away.
Residents have access to landscaped common areas, a playground, and an outdoor pool. A Metro bus stop is at the community entrance, and New Carrollton Metro Rail, Amtrak, and MARC stations are half a mile away. Shopping, West Lanham Hills Neighborhood Park, and Lanham Forest Recreation Center are nearby, with I-495 a short drive away.
Key Highlights
- 831‑square‑foot, two‑bedroom, one‑bathroom condo
- Top‑floor unit with balcony
- Updated kitchen with granite counters, stainless steel appliances, and gas cooking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,187
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,740
$223.7K
Cap Rate 7%
$159,814
$159.8K
Cap Rate 9%
$124,300
$124.3K
Market Conditions
NOI Build-Up for 831 SF
Gross rent
$21.6K $26.04/SF
− Vacancy
−$1.3K −$1.56/SF
EGI
$20.3K $24.48/SF
− OpEx
−$9.2K −$11.01/SF
NOI
$11.2K $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%
$223,740
Cap Rate 7%
$159,814
Cap Rate 9%
$124,300
Alternative Uses
Best Use
Apartment 5plus
$159.8K
$139.8K – $186.5K
NOI $11,187 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$268.1K
$234.6K – $312.8K
NOI $18,765 @ 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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
Explore this area
Business Placement
Demographics for 20784, MD
32,567
Population
10,773
Households
3
Avg Household Size
34
Median Age
23%
College-Educated
79%
High-School Grad
4.1 sq mi
ZIP Area
7,943
Density / Sq Mi
$84,599
Median Household Income
$42,434
Median Earnings
$1,769
Median Rent
$356,500
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor unit has a private balcony and access to a community pool.
Where is this residential income property located?
The property is located at 5434 85TH AVENUE Unit 202 Hyattsville, MD.
What is the asking price?
The asking price for this property is $169,980.
What are key features of this property?
This property features: 831‑square‑foot, two‑bedroom, one‑bathroom condo; Top‑floor unit with balcony; Updated kitchen with granite counters, stainless steel appliances, and gas cooking
