Residential Income Condo with
For Sale
$170,000
8005 MANDAN ROAD Unit 302, Greenbelt, MD 20770
A one-bedroom residence pairs a spacious den with community pool, tennis courts, and assigned parking.
Property Size1,052 SF
Price / SF$161.60
Days on Market287
Property Features for 8005 MANDAN ROAD Unit 302
General Information
Standard status
Active
Size
1,052 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR + den
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,344
Amenities
assigned parking
outdoor pool
tennis courts
Building Details
Building Size
1,052 SF
Year Built
1977
Listing Agency:
Compass
Listed By:
District Property Group
(202) 286-1658
Source:
Districtpropertygroup
Added: Jan 14
Changed: Oct 27
Last Checked: Oct 27 at 3:24AM
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 1,052-square-foot condominium includes one bedroom and a large den with full-sized windows and a closet. The bathroom was renovated, and the unit received fresh paint and new carpet in 2026. The building dates to 1977. Utilities are included in the condo fee, and assigned parking is provided. Community amenities include an outdoor pool and tennis courts.
The property is in Greenbelt, with access to I-95, I-495, and Route 295. Greenbelt Metro, NASA Goddard, UMD, Roosevelt Center, local shops, dining, parks, and trails are nearby. The community is FHA-approved.
The property is in Greenbelt, with access to I-95, I-495, and Route 295. Greenbelt Metro, NASA Goddard, UMD, Roosevelt Center, local shops, dining, parks, and trails are nearby. The community is FHA-approved.
Key Highlights
- 1,052‑square‑foot condo with one bedroom and a den
- Bathroom renovation, fresh paint, and new carpet completed in 2026
- Utilities included in the condo fee
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,163
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,260
$283.3K
Cap Rate 7%
$202,329
$202.3K
Cap Rate 9%
$157,367
$157.4K
Market Conditions
NOI Build-Up for 1,052 SF
Gross rent
$27.4K $26.04/SF
− Vacancy
−$1.6K −$1.56/SF
EGI
$25.8K $24.48/SF
− OpEx
−$11.6K −$11.01/SF
NOI
$14.2K $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%
$283,260
Cap Rate 7%
$202,329
Cap Rate 9%
$157,367
Alternative Uses
Best Use
Apartment 5plus
$202.3K
$177.0K – $236.1K
NOI $14,163 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$339.4K
$297.0K – $395.9K
NOI $23,756 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom residence pairs a spacious den with community pool, tennis courts, and assigned parking.
Where is this residential income property located?
The property is located at 8005 MANDAN ROAD Unit 302 Greenbelt, MD.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: 1,052‑square‑foot condo with one bedroom and a den; Bathroom renovation, fresh paint, and new carpet completed in 2026; Utilities included in the condo fee
