Residential Income Property with
For Sale
$150,000
7929 MANDAN ROAD Unit 637, Greenbelt, MD 20770
A second-floor residence combines an open living area, private balcony, and flexible den.
Property Size943 SF
Price / SF$159.07
Days on Market27
Property Features for 7929 MANDAN ROAD Unit 637
General Information
Standard status
Active
Size
943 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,111
Amenities
walk-in closet
private balcony
Building Details
Building Size
943 SF
Year Built
1977
Listing Agency:
Keller Williams Preferred Properties
Listed By:
Dorian Dawodu · License #5022395
(917) 463-6979
Source:
Districtpropertygroup
Added: Oct 3
Changed: Oct 27
Last Checked: Oct 27 at 3:21AM
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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Investment Insights
Based on property information with market context.
This 1-bedroom, 1-bath residence in Greenbriar Condominiums offers 943 square feet of living space. The layout includes an open living area, a den, and a walk-in closet. A private second-floor balcony overlooks the front entrance, and the bathroom can be reached from both the hallway and bedroom. The property was built in 1977 and is offered as-is.
Shopping, dining, parks, NASA Goddard, and major commuter routes are nearby.
Shopping, dining, parks, NASA Goddard, and major commuter routes are nearby.
Key Highlights
- 943‑square‑foot, 1‑bedroom, 1‑bath residence
- Den, walk‑in closet, and open living area
- Second‑floor private balcony overlooking the front entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,695
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,900
$253.9K
Cap Rate 7%
$181,357
$181.4K
Cap Rate 9%
$141,056
$141.1K
Market Conditions
NOI Build-Up for 943 SF
Gross rent
$24.6K $26.04/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$23.1K $24.48/SF
− OpEx
−$10.4K −$11.01/SF
NOI
$12.7K $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%
$253,900
Cap Rate 7%
$181,357
Cap Rate 9%
$141,056
Alternative Uses
Best Use
Apartment 5plus
$181.4K
$158.7K – $211.6K
NOI $12,695 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$304.2K
$266.2K – $354.9K
NOI $21,295 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
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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 - A second-floor residence combines an open living area, private balcony, and flexible den.
Where is this residential income property located?
The property is located at 7929 MANDAN ROAD Unit 637 Greenbelt, MD.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 943‑square‑foot, 1‑bedroom, 1‑bath residence; Den, walk‑in closet, and open living area; Second‑floor private balcony overlooking the front entrance
