Renovated 3-Bedroom
For Sale
$249,900
8015 MANDAN ROAD Unit 304, Greenbelt, MD 20770
The residence offers a quartz-counter kitchen, in-unit laundry, a private balcony, and three bedrooms with storage.
Property Size1,297 SF
Price / SF$192.68
Days on Market115
Property Features for 8015 MANDAN ROAD Unit 304
General Information
Standard status
Active
Size
1,297 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,155
Amenities
private balcony
laundry
Building Details
Building Size
1,297 SF
Year Built
1977
Listing Agency:
Town Center Realty & Associates, Inc
Listed By:
Rachel Howard · License #663197
(443) 852-4924
Source:
Districtpropertygroup
Added: Jul 6
Changed: Oct 27
Last Checked: Oct 26 at 5:15PM
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 Town Center Realty & Associates, Inc
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Investment Insights
Based on property information with market context.
This 1,297-square-foot condominium, built in 1977, has three bedrooms and two full bathrooms. Its kitchen includes quartz counters, stainless steel appliances, 42-inch cabinets, and a built-in sink, with space for dining and a separate work-storage area. The open living and dining areas provide flexible arrangement options. Laundry is located off the kitchen, and the private balcony overlooks a wooded green space. The primary bedroom has three closets and an en suite bathroom with a custom shower. Recent renovations include new flooring, carpet, paint, lighting, tile, and bathrooms.
The property is near routes 495 and 295, NASA, the University of Maryland, and downtown Washington, DC. Metro service, the University of Maryland shuttle line, and Greenbelt Metro and MARC stations are described as minutes away. All utilities are included in the monthly condominium fee.
The property is near routes 495 and 295, NASA, the University of Maryland, and downtown Washington, DC. Metro service, the University of Maryland shuttle line, and Greenbelt Metro and MARC stations are described as minutes away. All utilities are included in the monthly condominium fee.
Key Highlights
- Three bedrooms and two full bathrooms in 1,297 square feet
- Kitchen features quartz countertops, stainless steel appliances, and 42‑inch cabinets
- Private balcony facing wooded green space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,461
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,220
$349.2K
Cap Rate 7%
$249,443
$249.4K
Cap Rate 9%
$194,011
$194.0K
Market Conditions
NOI Build-Up for 1,297 SF
Gross rent
$33.8K $26.04/SF
− Vacancy
−$2.0K −$1.56/SF
EGI
$31.7K $24.48/SF
− OpEx
−$14.3K −$11.01/SF
NOI
$17.5K $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%
$349,220
Cap Rate 7%
$249,443
Cap Rate 9%
$194,011
Alternative Uses
Best Use
Apartment 5plus
$249.4K
$218.3K – $291.0K
NOI $17,461 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$418.4K
$366.1K – $488.1K
NOI $29,288 @ 7.0% cap · market cap 11.72%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
94
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 a quartz-counter kitchen, in-unit laundry, a private balcony, and three bedrooms with storage.
Where is this residential income property located?
The property is located at 8015 MANDAN ROAD Unit 304 Greenbelt, MD.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms in 1,297 square feet; Kitchen features quartz countertops, stainless steel appliances, and 42‑inch cabinets; Private balcony facing wooded green space
