Building Details

Building Size 831 SF

Year Built 1963

Listing Agency: Washington Capitol Hill

Listed By: Kalil Deschamps · License #DC Show Phone

Source: Kw

Added: Aug 19, 2025 Changed: Oct 3 Last Checked: Oct 5 at 5:27PM

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Investment Insights

Based on property information with market context.

This updated 2-bedroom, 1-bath condo is located in the Carrollan Gardens community. The top-floor home features a bright and airy layout with newer windows and a newer AC unit. A private balcony provides space for outdoor relaxation. The galley kitchen offers functional design and ample storage. Spacious living and dining areas are suitable for entertaining. The condo fee covers common area maintenance, water, snow removal, and trash. Residents have access to a shared laundry facility, open parking, playgrounds, and a community pool. The property is located near the New Carrollton Metro/AMTRAK/MARC station, shopping, dining, I-495, Route 50, and 295. The property contains 831 square feet. It is suitable for first-time buyers, downsizers, or investors seeking a low-maintenance property in a commuter-friendly location.

Key Highlights

• Prime location near New Carrollton Metro/AMTRAK/MARC station, I‑495, Route 50, and 295.
• Low condo fee covering common area maintenance, water, snow removal, and trash.
• Move‑in ready condition with newer windows and AC unit.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,187

Cap Rate

8.48%

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 (±1% cap)

NOI $11,187 @ 7.0% cap · market cap 8.48%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$268.1K

$234.6K – $312.8K (±1% cap)

NOI $18,765 @ 7.0% cap · market cap 14.22%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Cafe & Coffee Shop Veterinary Clinic Storage Facility Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

928

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Updated 2-bedroom condo near transportation, shopping, and dining.

Where is this apartment building located?

The property is located at 5458 85TH AVENUE #201 Hyattsville, MD.

What is the asking price?

The asking price for this property is $132,000.

What are key features of this property?

This property features: Prime location near New Carrollton Metro/AMTRAK/MARC station, I‑495, Route 50, and 295.; Low condo fee covering common area maintenance, water, snow removal, and trash.; Move‑in ready condition with newer windows and AC unit.