1-Bedroom
For Sale
$230,000
6506 AMERICA BOULEVARD Unit 816, Hyattsville, MD 20782
In-unit laundry, reserved garage parking, and shared fitness and recreation rooms add practical convenience.
Property Size974 SF
Price / SF$236.14
Days on Market214
Property Features for 6506 AMERICA BOULEVARD Unit 816
General Information
Standard status
Active
Size
974 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,422
Amenities
fitness center
billiard room
party room
in-unit washer and dryer
secure garage
Building Details
Building Size
974 SF
Year Built
2008
Listing Agency:
CRE Realty, INC
Listed By:
Justin Cameron · License #658980
(248) 207-2924
Source:
Jackrealtygroup
Added: Mar 29
Changed: Oct 27
Last Checked: Oct 26 at 2:27PM
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 CRE Realty, INC
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Investment Insights
Based on property information with market context.
This one-bedroom condominium at ONE INDEPENDENCE PLAZA offers 974 square feet of living space. Built in 2008, the residence has an in-unit washer and dryer, and the building is served by an elevator. Residents have access to a fitness center, billiard room, and party room, along with reserved parking in a secure garage.
The property is within UNIVERSITY TOWN CENTER. The association covers common-area maintenance, water, sewer, and trash.
The property is within UNIVERSITY TOWN CENTER. The association covers common-area maintenance, water, sewer, and trash.
Key Highlights
- 974 sq. ft. one‑bedroom condominium
- Built in 2008
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,113
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,260
$262.3K
Cap Rate 7%
$187,329
$187.3K
Cap Rate 9%
$145,700
$145.7K
Market Conditions
NOI Build-Up for 974 SF
Gross rent
$25.4K $26.04/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$23.8K $24.48/SF
− OpEx
−$10.7K −$11.01/SF
NOI
$13.1K $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%
$262,260
Cap Rate 7%
$187,329
Cap Rate 9%
$145,700
Alternative Uses
Best Use
Apartment 5plus
$187.3K
$163.9K – $218.6K
NOI $13,113 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$314.2K
$274.9K – $366.6K
NOI $21,995 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,188
Businesses Nearby
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Business Placement
Demographics for 20782, MD
35,356
Population
13,312
Households
2.7
Avg Household Size
34
Median Age
37%
College-Educated
78%
High-School Grad
4.3 sq mi
ZIP Area
8,222
Density / Sq Mi
$88,226
Median Household Income
$42,862
Median Earnings
$1,789
Median Rent
$431,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - In-unit laundry, reserved garage parking, and shared fitness and recreation rooms add practical convenience.
Where is this residential income property located?
The property is located at 6506 AMERICA BOULEVARD Unit 816 Hyattsville, MD.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 974 sq. ft. one‑bedroom condominium; Built in 2008; In‑unit washer and dryer
