Loft-Style Residential Income
For Sale
$330,000
6214 WESTCHESTER PARK DRIVE Unit 402L, College Park, MD 20740
A two-level layout pairs a dedicated loft HVAC system with wooded views from a private balcony.
Property Size1,640 SF
Price / SF$201.22
Days on Market91
Property Features for 6214 WESTCHESTER PARK DRIVE Unit 402L
General Information
Standard status
Active
Size
1,640 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Furnished
No
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,383
Amenities
private balcony
cathedral ceilings
walk-in closets
loft
reserved parking
Building Details
Building Size
1,640 SF
Year Built
2006
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Jul 30
Changed: Oct 27
Last Checked: Oct 26 at 2:45PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This top-floor residence combines a main living level with a loft exceeding 300 square feet. Cathedral ceilings feature in both the living room and primary suite, while the dining area connects to a private balcony overlooking trees. The loft has its own HVAC system, and the home includes multiple walk-in closets, including one in the primary suite. Both HVAC systems and the water heater have been updated. The building has a secure elevator and reserved parking.
The property is in Westchester Park, adjacent to Greenbelt National Park, with access to hiking and biking trails. The University of Maryland, Metro, I-495, the BW Parkway, shopping, restaurants, and everyday services are also described as nearby. The residence was built in 2006.
The property is in Westchester Park, adjacent to Greenbelt National Park, with access to hiking and biking trails. The University of Maryland, Metro, I-495, the BW Parkway, shopping, restaurants, and everyday services are also described as nearby. The residence was built in 2006.
Key Highlights
- Top‑floor residence with a loft exceeding 300 square feet
- Private balcony with wooded views
- Dedicated HVAC system for the loft, plus updated HVAC systems and water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,079
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,580
$441.6K
Cap Rate 7%
$315,414
$315.4K
Cap Rate 9%
$245,322
$245.3K
Market Conditions
NOI Build-Up for 1,640 SF
Gross rent
$42.7K $26.04/SF
− Vacancy
−$2.6K −$1.56/SF
EGI
$40.1K $24.48/SF
− OpEx
−$18.1K −$11.01/SF
NOI
$22.1K $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%
$441,580
Cap Rate 7%
$315,414
Cap Rate 9%
$245,322
Alternative Uses
Best Use
Apartment 5plus
$315.4K
$276.0K – $368.0K
NOI $22,079 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$529.1K
$462.9K – $617.2K
NOI $37,034 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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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 - A two-level layout pairs a dedicated loft HVAC system with wooded views from a private balcony.
Where is this residential income property located?
The property is located at 6214 WESTCHESTER PARK DRIVE Unit 402L College Park, MD.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Top‑floor residence with a loft exceeding 300 square feet; Private balcony with wooded views; Dedicated HVAC system for the loft, plus updated HVAC systems and water heater
