Renovated 1-Bedroom
6926 HANOVER PARKWAY Unit 303, Greenbelt, MD 20770
For Sale
$159,000
Community amenities include a swimming pool, fitness center, clubhouse, party room and tennis courts.
Property Size750 SF
Price / SF$212
Days on Market178
Property Features for 6926 HANOVER PARKWAY Unit 303
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
swimming pool
clubhouse
fitness center
party room
tennis courts
Building Details
Building Size
Year Built
Listing Agency:
Taylor Properties
Listed By:
Mary E. Warren · License #582617
(301) 346-2996
Source:
Districtpropertygroup
Added: May 16
Changed: Nov 8
Last Checked: Nov 8 at 6:43PM
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 Taylor Properties
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Investment Insights
Based on property information with market context.
This renovated condominium offers 750 square feet with one bedroom and one bathroom. The unit is in a community with a swimming pool, clubhouse, fitness center, party room and tennis courts. The building dates to 1974.
Routes 295 and 495 are nearby, with access to Baltimore and the District of Columbia. Shopping, dining and public transportation are also close by.
Routes 295 and 495 are nearby, with access to Baltimore and the District of Columbia. Shopping, dining and public transportation are also close by.
Key Highlights
- 750‑square‑foot, one‑bedroom, one‑bathroom condominium
- Renovated unit in a community built in 1974
- Community facilities include a swimming pool, clubhouse, fitness center, party room and tennis courts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,097
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,940
$201.9K
Cap Rate 7%
$144,243
$144.2K
Cap Rate 9%
$112,189
$112.2K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$19.5K $26.04/SF
− Vacancy
−$1.2K −$1.56/SF
EGI
$18.4K $24.48/SF
− OpEx
−$8.3K −$11.01/SF
NOI
$10.1K $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%
$201,940
Cap Rate 7%
$144,243
Cap Rate 9%
$112,189
Alternative Uses
Best Use
Apartment 5plus
$144.2K
$126.2K – $168.3K
NOI $10,097 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$241.9K
$211.7K – $282.3K
NOI $16,936 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,570
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
$249,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Prince George's County, MD
Properties on Market for Residential income properties in Prince George's County
Frequently Asked Questions
What type of property is this?
Residential income property - Community amenities include a swimming pool, fitness center, clubhouse, party room and tennis courts.
Where is this residential income property located?
The property is located at 6926 HANOVER PARKWAY Unit 303 Greenbelt, MD.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: 750‑square‑foot, one‑bedroom, one‑bathroom condominium; Renovated unit in a community built in 1974; Community facilities include a swimming pool, clubhouse, fitness center, party room and tennis courts
