Residential Income Condo with
For Sale
$149,990
7401 18TH AVENUE Unit 208, Hyattsville, MD 20783
South-facing, floor-to-ceiling windows bring natural light into the open living and dining area.
Property Size603 SF
Price / SF$248.74
Days on Market181
Property Features for 7401 18TH AVENUE Unit 208
General Information
Standard status
Active
Size
603 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,460
Building Details
Building Size
603 SF
Year Built
1954
Listing Agency:
Compass
Listed By:
District Property Group
(202) 286-1658
Source:
Districtpropertygroup
Added: May 1
Changed: Oct 27
Last Checked: Oct 27 at 3:27AM
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 residential condo has an open living and dining layout, hardwood floors, vaulted ceilings with exposed wood beams, and south-facing floor-to-ceiling windows. A balcony extends the living space, while three closets provide storage. The bathroom has updated tile, a tub, vanity, and ceramic tile flooring; the condo has also been freshly painted.
The new Purple Line station is a five-minute walk away, with bus stops two minutes on foot. The University of Maryland, restaurants, shops, entertainment, parks, and recreational facilities are also nearby. Two parking permits are included for the front lot, and street parking is available. Water and parking are included in the condo fee.
The new Purple Line station is a five-minute walk away, with bus stops two minutes on foot. The University of Maryland, restaurants, shops, entertainment, parks, and recreational facilities are also nearby. Two parking permits are included for the front lot, and street parking is available. Water and parking are included in the condo fee.
Key Highlights
- South‑facing floor‑to‑ceiling windows
- Open living and dining area with hardwood floors and vaulted, wood‑beam ceilings
- Balcony, three closets, and freshly painted interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,118
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,360
$162.4K
Cap Rate 7%
$115,971
$116.0K
Cap Rate 9%
$90,200
$90.2K
Market Conditions
NOI Build-Up for 603 SF
Gross rent
$15.7K $26.04/SF
− Vacancy
−$942 −$1.56/SF
EGI
$14.8K $24.48/SF
− OpEx
−$6.6K −$11.01/SF
NOI
$8.1K $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%
$162,360
Cap Rate 7%
$115,971
Cap Rate 9%
$90,200
Alternative Uses
Best Use
Apartment 5plus
$116.0K
$101.5K – $135.3K
NOI $8,118 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$194.5K
$170.2K – $227.0K
NOI $13,617 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,297
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - South-facing, floor-to-ceiling windows bring natural light into the open living and dining area.
Where is this residential income property located?
The property is located at 7401 18TH AVENUE Unit 208 Hyattsville, MD.
What is the asking price?
The asking price for this property is $149,990.
What are key features of this property?
This property features: South‑facing floor‑to‑ceiling windows; Open living and dining area with hardwood floors and vaulted, wood‑beam ceilings; Balcony, three closets, and freshly painted interior
