Condominium Income
For Sale
$162,000
7300 18TH AVENUE Unit 12, Hyattsville, MD 20783
The owner is open to a leaseback arrangement lasting 1 to 5 years.
Property Size748 SF
Price / SF$216.58
Days on Market168
Property Features for 7300 18TH AVENUE Unit 12
General Information
Standard status
Active
Size
748 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,376
Building Details
Building Size
748 SF
Year Built
1954
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: May 14
Changed: Oct 27
Last Checked: Oct 26 at 3:19PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This residential income property is a condominium unit at 7300 18th Avenue, Unit 12, in Hyattsville, Maryland. The building dates to 1954.
The owner is willing to lease the unit back to the buyer for a term of 1 to 5 years.
The owner is willing to lease the unit back to the buyer for a term of 1 to 5 years.
Key Highlights
- Owner leaseback available for 1 to 5 years
- Built in 1954
- Condominium unit at 7300 18th Avenue, Unit 12
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,070
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,400
$201.4K
Cap Rate 7%
$143,857
$143.9K
Cap Rate 9%
$111,889
$111.9K
Market Conditions
NOI Build-Up for 748 SF
Gross rent
$19.5K $26.04/SF
− Vacancy
−$1.2K −$1.56/SF
EGI
$18.3K $24.48/SF
− OpEx
−$8.2K −$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%
$201,400
Cap Rate 7%
$143,857
Cap Rate 9%
$111,889
Alternative Uses
Best Use
Apartment 5plus
$143.9K
$125.9K – $167.8K
NOI $10,070 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$241.3K
$211.1K – $281.5K
NOI $16,891 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,195
Businesses Nearby
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Business Placement
Demographics for 20783, MD
48,946
Population
14,389
Households
3.4
Avg Household Size
32
Median Age
19%
College-Educated
56%
High-School Grad
5.8 sq mi
ZIP Area
8,439
Density / Sq Mi
$87,052
Median Household Income
$36,201
Median Earnings
$1,701
Median Rent
$400,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The owner is open to a leaseback arrangement lasting 1 to 5 years.
Where is this residential income property located?
The property is located at 7300 18TH AVENUE Unit 12 Hyattsville, MD.
What is the asking price?
The asking price for this property is $162,000.
What are key features of this property?
This property features: Owner leaseback available for 1 to 5 years; Built in 1954; Condominium unit at 7300 18th Avenue, Unit 12
