Renovated Residential Income
For Sale
$225,000
7806 HANOVER PARKWAY Unit T2, Greenbelt, MD 20770
The condo has three bedrooms, two bathrooms, and FHA-HUD approval.
Property Size1,420 SF
Price / SF$158.45
Days on Market23
Property Features for 7806 HANOVER PARKWAY Unit T2
General Information
Standard status
Active
Size
1,420 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,247
Building Details
Building Size
1,420 SF
Year Built
1975
Listing Agency:
Coldwell Banker Realty
Listed By:
Drusilla Yokum · License #667306
(301) 257-4427
Source:
Districtpropertygroup
Added: Oct 6
Changed: Oct 27
Last Checked: Oct 27 at 3:36AM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,420-square-foot condo contains three bedrooms and two bathrooms. Renovations include fresh paint, updated flooring, new kitchen appliances, and improvements to both bathrooms. The building dates to 1975, and the unit is FHA-HUD-approved.
Eleanor Roosevelt High School is across the street. The property is in Greenbelt, Maryland.
Eleanor Roosevelt High School is across the street. The property is in Greenbelt, Maryland.
Key Highlights
- Three‑bedroom, two‑bathroom condo
- 1,420 square feet
- FHA‑HUD‑approved condo
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,117
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,340
$382.3K
Cap Rate 7%
$273,100
$273.1K
Cap Rate 9%
$212,411
$212.4K
Market Conditions
NOI Build-Up for 1,420 SF
Gross rent
$37.0K $26.04/SF
− Vacancy
−$2.2K −$1.56/SF
EGI
$34.8K $24.48/SF
− OpEx
−$15.6K −$11.01/SF
NOI
$19.1K $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%
$382,340
Cap Rate 7%
$273,100
Cap Rate 9%
$212,411
Alternative Uses
Best Use
Apartment 5plus
$273.1K
$239.0K – $318.6K
NOI $19,117 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$458.1K
$400.8K – $534.4K
NOI $32,066 @ 7.0% cap · market cap 14.25%
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
948
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
Frequently Asked Questions
What type of property is this?
Residential income property - The condo has three bedrooms, two bathrooms, and FHA-HUD approval.
Where is this residential income property located?
The property is located at 7806 HANOVER PARKWAY Unit T2 Greenbelt, MD.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom condo; 1,420 square feet; FHA‑HUD‑approved condo
