Residential Income Property with Updated
For Sale
$190,000
8003 MANDAN ROAD Unit 301, Greenbelt, MD 20770
The residence offers two bedrooms, two full bathrooms, and refreshed interior finishes.
Property Size1,188 SF
Price / SF$159.93
Days on Market49
Property Features for 8003 MANDAN ROAD Unit 301
General Information
Standard status
Active
Size
1,188 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,308
Building Details
Building Size
1,188 SF
Year Built
1977
Listing Agency:
EXP Realty, LLC
Listed By:
Christopher Craddock · License #0225207192
(703) 688-2635
Source:
Dmvliving
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 26 at 3:16PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,188-square-foot, two-bedroom condominium includes two full bathrooms and renovated interior finishes. The kitchen has dark cabinetry, stainless steel appliances, updated counters, and a wood-look backsplash. Dark flooring and a neutral palette carry through the living space, and the building dates to 1977.
Greenbelt’s central area, parks, recreation, schools, shopping, and community amenities are nearby. The property is also close to the Baltimore-Washington Parkway, Route 193, I-495, and NASA Goddard Space Flight Center, with routes toward Washington, D.C., College Park, and other parts of Prince George’s County.
Greenbelt’s central area, parks, recreation, schools, shopping, and community amenities are nearby. The property is also close to the Baltimore-Washington Parkway, Route 193, I-495, and NASA Goddard Space Flight Center, with routes toward Washington, D.C., College Park, and other parts of Prince George’s County.
Key Highlights
- 1,188‑square‑foot condominium
- Two bedrooms and two full bathrooms
- Renovated interior with dark flooring and a neutral color palette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,994
Cap Rate
8.42%
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 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$383.2K
$335.3K – $447.1K
NOI $26,827 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
289
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 residence offers two bedrooms, two full bathrooms, and refreshed interior finishes.
Where is this residential income property located?
The property is located at 8003 MANDAN ROAD Unit 301 Greenbelt, MD.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 1,188‑square‑foot condominium; Two bedrooms and two full bathrooms; Renovated interior with dark flooring and a neutral color palette
