Residential Income Condo with
For Sale
$152,500
561 WILSON BRIDGE DRIVE Unit B1, Oxon Hill, MD 20745
The tenant-occupied unit includes two bedrooms, an updated kitchen, and a private outdoor space.
Property Size894 SF
Price / SF$170.58
Days on Market44
Property Features for 561 WILSON BRIDGE DRIVE Unit B1
General Information
Standard status
Active
Size
894 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,564
Amenities
private balcony
Building Details
Building Size
894 SF
Year Built
1966
Listing Agency:
RE/MAX United Real Estate
Listed By:
Merrellyn P Lloyd-Miles · License #589173
(301) 266-4513
Source:
Jackrealtygroup
Added: Sep 16
Changed: Oct 27
Last Checked: Oct 26 at 2:56PM
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 RE/MAX United Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 894-square-foot residential income condo has two bedrooms, one bathroom, a family room, and a private balcony. The kitchen has been updated with appliances, and the unit has a new HVAC system. The property was built in 1966 and is occupied by a tenant under a lease expiring in July 2027.
The condo fee includes gas, electricity, water, and parking. The property is in Oxon Hill, with Washington, DC, MGM, and National Harbor identified as nearby destinations.
The condo fee includes gas, electricity, water, and parking. The property is in Oxon Hill, with Washington, DC, MGM, and National Harbor identified as nearby destinations.
Key Highlights
- 894‑square‑foot unit with two bedrooms and one bathroom
- Tenant occupied; lease expires July 2027
- Private balcony and family room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,036
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,720
$240.7K
Cap Rate 7%
$171,943
$171.9K
Cap Rate 9%
$133,733
$133.7K
Market Conditions
NOI Build-Up for 894 SF
Gross rent
$23.3K $26.04/SF
− Vacancy
−$1.4K −$1.56/SF
EGI
$21.9K $24.48/SF
− OpEx
−$9.8K −$11.01/SF
NOI
$12.0K $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%
$240,720
Cap Rate 7%
$171,943
Cap Rate 9%
$133,733
Alternative Uses
Best Use
Apartment 5plus
$171.9K
$150.5K – $200.6K
NOI $12,036 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$288.4K
$252.4K – $336.5K
NOI $20,188 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Explore this area
Business Placement
Demographics for 20745, MD
32,024
Population
13,124
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
82%
High-School Grad
6.5 sq mi
ZIP Area
4,927
Density / Sq Mi
$80,649
Median Household Income
$47,435
Median Earnings
$1,564
Median Rent
$351,500
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The tenant-occupied unit includes two bedrooms, an updated kitchen, and a private outdoor space.
Where is this residential income property located?
The property is located at 561 WILSON BRIDGE DRIVE Unit B1 Oxon Hill, MD.
What is the asking price?
The asking price for this property is $152,500.
What are key features of this property?
This property features: 894‑square‑foot unit with two bedrooms and one bathroom; Tenant occupied; lease expires July 2027; Private balcony and family room
