Residential Income Property with
For Sale
$145,000
6012 WESTCHESTER PARK DRIVE Unit 102, College Park, MD 20740
The one-bedroom residence includes updated kitchen and bathroom finishes, with pets and rentals permitted.
Property Size938 SF
Price / SF$154.58
Days on Market66
Property Features for 6012 WESTCHESTER PARK DRIVE Unit 102
General Information
Standard status
Active
Size
938 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,932
Amenities
laundry facility
balcony
Building Details
Building Size
938 SF
Year Built
1967
Construction
garden style
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 24
Changed: Oct 27
Last Checked: Oct 26 at 3:38PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 938-square-foot, one-bedroom residence is in a garden-style building and includes a balcony facing the landscaped grounds. Interior work includes fresh paint, replacement appliances, and new flooring in the kitchen and bathroom. The building dates to 1967 and has an on-site laundry facility and parking. Utilities are included in the condo fee; pets and rentals are allowed.
The property is minutes from the University of Maryland and near Greenbelt National Park, Lake Artemesia, and Buddy Attick Lake Park. UMD shuttle stops, the College Park Metro, routes 201 and I-495 are also nearby. The listing notes the upcoming Purple Line as an additional transit connection.
The property is minutes from the University of Maryland and near Greenbelt National Park, Lake Artemesia, and Buddy Attick Lake Park. UMD shuttle stops, the College Park Metro, routes 201 and I-495 are also nearby. The listing notes the upcoming Purple Line as an additional transit connection.
Key Highlights
- 938‑square‑foot, one‑bedroom residence
- Balcony overlooks landscaped grounds
- Fresh paint, new appliances, and new kitchen and bathroom flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,628
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,560
$252.6K
Cap Rate 7%
$180,400
$180.4K
Cap Rate 9%
$140,311
$140.3K
Market Conditions
NOI Build-Up for 938 SF
Gross rent
$24.4K $26.04/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$23.0K $24.48/SF
− OpEx
−$10.3K −$11.01/SF
NOI
$12.6K $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%
$252,560
Cap Rate 7%
$180,400
Cap Rate 9%
$140,311
Alternative Uses
Best Use
Apartment 5plus
$180.4K
$157.9K – $210.5K
NOI $12,628 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$302.6K
$264.8K – $353.0K
NOI $21,182 @ 7.0% cap · market cap 14.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
Explore this area
Business Placement
Demographics for 20740, MD
36,930
Population
13,079
Households
2.8
Avg Household Size
27
Median Age
49%
College-Educated
86%
High-School Grad
8.8 sq mi
ZIP Area
4,197
Density / Sq Mi
$81,359
Median Household Income
$29,270
Median Earnings
$1,788
Median Rent
$417,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom residence includes updated kitchen and bathroom finishes, with pets and rentals permitted.
Where is this residential income property located?
The property is located at 6012 WESTCHESTER PARK DRIVE Unit 102 College Park, MD.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 938‑square‑foot, one‑bedroom residence; Balcony overlooks landscaped grounds; Fresh paint, new appliances, and new kitchen and bathroom flooring
