Top-Floor Condominium
For Sale
$158,000
6936 HANOVER PARKWAY Unit 402, Greenbelt, MD 20770
Residents have access to a community pool, tennis courts, recreation center, and fitness room.
Property Size750 SF
Price / SF$210.67
Days on Market13
Property Features for 6936 HANOVER PARKWAY Unit 402
General Information
Standard status
Active
Size
750 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,226
Amenities
outdoor swimming pool
tennis courts
recreation center
fitness room
in-unit stacked washer and dryer
Building Details
Building Size
750 SF
Year Built
1974
Listing Agency:
Compass
Listed By:
District Property Group
(202) 286-1658
Source:
Districtpropertygroup
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 27 at 4:10AM
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 Compass
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Investment Insights
Based on property information with market context.
This 750-square-foot, one-bedroom condominium is on the top floor and at the end of the building. The unit has one bathroom, wood laminate flooring, a kitchen with a range, refrigerator, dishwasher, and disposal, plus a stacked washer and dryer. The electrical panel was replaced in 2022; the range, refrigerator, and dishwasher date to 2025.
Hunting Ridge Condominium provides an outdoor pool, tennis courts, a recreation center, and a fitness room. The condo fee includes air conditioning, electricity, gas, and water. The Greenbelt address is near shopping, restaurants, I-295, and the Capital Beltway.
Hunting Ridge Condominium provides an outdoor pool, tennis courts, a recreation center, and a fitness room. The condo fee includes air conditioning, electricity, gas, and water. The Greenbelt address is near shopping, restaurants, I-295, and the Capital Beltway.
Key Highlights
- 750‑square‑foot, one‑bedroom, one‑bathroom condominium
- Top‑floor end unit
- Wood laminate flooring and in‑unit stacked washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,097
Cap Rate
6.39%
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 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$241.9K
$211.7K – $282.3K
NOI $16,936 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to a community pool, tennis courts, recreation center, and fitness room.
Where is this residential income property located?
The property is located at 6936 HANOVER PARKWAY Unit 402 Greenbelt, MD.
What is the asking price?
The asking price for this property is $158,000.
What are key features of this property?
This property features: 750‑square‑foot, one‑bedroom, one‑bathroom condominium; Top‑floor end unit; Wood laminate flooring and in‑unit stacked washer and dryer
