Two-Bedroom
For Sale
$219,999
7818 HANOVER PARKWAY Unit 101, Greenbelt, MD 20770
A raised entry connects to distinct living and dining areas, an eat-in kitchen, and a sun porch.
Property Size1,188 SF
Price / SF$185.18
Days on Market20
Property Features for 7818 HANOVER PARKWAY Unit 101
General Information
Standard status
Active
Size
1,188 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,929
Building Details
Building Size
1,188 SF
Year Built
1975
Listing Agency:
Keller Williams Preferred Properties
Listed By:
Wanda M Hamilton · License #32054
(301) 343-5079
Source:
Dmvliving
Added: Oct 9
Changed: Oct 27
Last Checked: Oct 26 at 4:06PM
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 Keller Williams Preferred Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,188-square-foot condominium has two bedrooms and two full bathrooms. A raised foyer opens to separate living and dining rooms, while the eat-in kitchen provides a dedicated area for meals. The sun porch adds another enclosed space to the unit. The primary bedroom includes a walk-in closet and its own full bathroom; a second bedroom and full bath complete the layout. Built in 1975, the residence is located in Greenbelt, Maryland.
Key Highlights
- 1,188‑square‑foot condominium with two bedrooms and two full bathrooms
- Separate living and dining rooms, plus an eat‑in kitchen
- Sun porch and raised foyer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,994
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,880
$319.9K
Cap Rate 7%
$228,486
$228.5K
Cap Rate 9%
$177,711
$177.7K
Market Conditions
NOI Build-Up for 1,188 SF
Gross rent
$30.9K $26.04/SF
− Vacancy
−$1.9K −$1.56/SF
EGI
$29.1K $24.48/SF
− OpEx
−$13.1K −$11.01/SF
NOI
$16.0K $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%
$319,880
Cap Rate 7%
$228,486
Cap Rate 9%
$177,711
Alternative Uses
Best Use
Apartment 5plus
$228.5K
$199.9K – $266.6K
NOI $15,994 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$383.2K
$335.3K – $447.1K
NOI $26,827 @ 7.0% cap · market cap 12.19%
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
660
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 - A raised entry connects to distinct living and dining areas, an eat-in kitchen, and a sun porch.
Where is this residential income property located?
The property is located at 7818 HANOVER PARKWAY Unit 101 Greenbelt, MD.
What is the asking price?
The asking price for this property is $219,999.
What are key features of this property?
This property features: 1,188‑square‑foot condominium with two bedrooms and two full bathrooms; Separate living and dining rooms, plus an eat‑in kitchen; Sun porch and raised foyer
