One-Bedroom
For Sale
$159,000
6930 HANOVER PARKWAY Unit 201, Greenbelt, MD 20770
Updated kitchen and bath, in-unit laundry, and a private outdoor area add practical features to this residence.
Property Size750 SF
Price / SF$212
Days on Market36
Property Features for 6930 HANOVER PARKWAY Unit 201
General Information
Standard status
Active
Size
750 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,226
Amenities
swimming pool
tennis courts
fitness center
clubhouse
picnic areas
playgrounds
in-unit laundry
private outdoor space
Building Details
Building Size
750 SF
Year Built
1974
Listing Agency:
Redfin Corp
Listed By:
Richard Mitchell · License #304377
(240) 508-5612
Source:
Districtpropertygroup
Added: Sep 23
Changed: Oct 27
Last Checked: Oct 27 at 3:51AM
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 Redfin Corp
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium offers approximately 750 square feet, with an open living and dining area. The kitchen has updated cabinetry, a tile backsplash, and modern appliances. A walk-in closet is part of the bedroom storage, and the unit also includes in-unit laundry and private outdoor space. The building dates to 1974.
Community amenities include a swimming pool, tennis courts, fitness center, clubhouse, picnic areas, and playgrounds. The property is in Greenbelt, Maryland, near shopping, dining, commuter routes, and public transportation.
Community amenities include a swimming pool, tennis courts, fitness center, clubhouse, picnic areas, and playgrounds. The property is in Greenbelt, Maryland, near shopping, dining, commuter routes, and public transportation.
Key Highlights
- One‑bedroom, one‑bath condominium with approximately 750 square feet
- Updated kitchen with modern appliances, cabinetry, and tile backsplash
- In‑unit laundry and private outdoor space
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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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,570
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen and bath, in-unit laundry, and a private outdoor area add practical features to this residence.
Where is this residential income property located?
The property is located at 6930 HANOVER PARKWAY Unit 201 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: One‑bedroom, one‑bath condominium with approximately 750 square feet; Updated kitchen with modern appliances, cabinetry, and tile backsplash; In‑unit laundry and private outdoor space
