Residential Income Property with
For Sale
$264,900
6510 LAKE PARK DRIVE Unit 202, Greenbelt, MD 20770
The two-bedroom, two-bath unit has a fireplace, private balcony, and in-unit laundry.
Property Size1,279 SF
Price / SF$207.11
Days on Market145
Property Features for 6510 LAKE PARK DRIVE Unit 202
General Information
Standard status
Active
Size
1,279 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,766
Amenities
secure building entry
assigned parking
balcony
fireplace
granite countertops
stainless steel appliances
in-unit washer and dryer
wood floors
Building Details
Building Size
1,279 SF
Year Built
2000
Listing Agency:
EXP Realty, LLC
Listed By:
Lori Jean Buongiovanni · License #33463
(240) 441-2934
Source:
Dmvliving
Added: Jun 6
Changed: Oct 28
Last Checked: Oct 27 at 4:40AM
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, LLC
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Investment Insights
Based on property information with market context.
Located in Greenbelt, this 1,279-square-foot condominium offers two bedrooms and two full bathrooms. The primary suite includes a walk-in closet and private bath, while the second bedroom is served by a full hall bathroom. The family room has a fireplace and connects with the breakfast area, with both spaces opening to a private balcony. Granite countertops, stainless steel appliances, wood flooring in the main living areas, bedroom carpeting, and an in-unit washer and dryer complete the interior.
The building has secure entry and assigned parking. The property is near shopping, dining, parks, Greenbelt Metro, NASA Goddard Space Flight Center, the Baltimore-Washington Parkway, and I-495. The condominium was built in 2000.
The building has secure entry and assigned parking. The property is near shopping, dining, parks, Greenbelt Metro, NASA Goddard Space Flight Center, the Baltimore-Washington Parkway, and I-495. The condominium was built in 2000.
Key Highlights
- 1,279‑square‑foot condominium in Greenbelt
- Two bedrooms and two full bathrooms
- Private balcony accessed from the family room and breakfast area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,219
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,380
$344.4K
Cap Rate 7%
$245,986
$246.0K
Cap Rate 9%
$191,322
$191.3K
Market Conditions
NOI Build-Up for 1,279 SF
Gross rent
$33.3K $26.04/SF
− Vacancy
−$2.0K −$1.56/SF
EGI
$31.3K $24.48/SF
− OpEx
−$14.1K −$11.01/SF
NOI
$17.2K $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%
$344,380
Cap Rate 7%
$245,986
Cap Rate 9%
$191,322
Alternative Uses
Best Use
Apartment 5plus
$246.0K
$215.2K – $287.0K
NOI $17,219 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$412.6K
$361.0K – $481.4K
NOI $28,882 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,019
Businesses Nearby
Explore this area
Business Placement
Demographics for 20770, MD
28,612
Population
12,736
Households
2.2
Avg Household Size
35
Median Age
43%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
3,919
Density / Sq Mi
$84,125
Median Household Income
$48,773
Median Earnings
$1,823
Median Rent
$249,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath unit has a fireplace, private balcony, and in-unit laundry.
Where is this residential income property located?
The property is located at 6510 LAKE PARK DRIVE Unit 202 Greenbelt, MD.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: 1,279‑square‑foot condominium in Greenbelt; Two bedrooms and two full bathrooms; Private balcony accessed from the family room and breakfast area
