Apartment Unit with Walk-In
For Sale
$175,000
8120 LAKECREST DRIVE Unit 8120, Greenbelt, MD 20770
Brick construction and a formal dining area distinguish this two-bedroom residence.
Property Size909 SF
Price / SF$192.52
Days on Market17
Property Features for 8120 LAKECREST DRIVE Unit 8120
General Information
Standard status
Active
Size
909 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
below-average property condition
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,125
Building Details
Building Size
909 SF
Year Built
1964
Construction
brick
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 12
Changed: Oct 27
Last Checked: Oct 26 at 3:18PM
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 Jack Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 909-square-foot apartment unit contains two bedrooms and one bathroom, with a formal dining area and a bedroom on the entry level. Interior features include luxury vinyl plank flooring, a tub and shower, and a walk-in closet. The brick building dates to 1964, and the unit is described as needing appliances and other updates.
The residence is part of Charlestowne Village, where shared grounds are maintained. Parking is unassigned. Association services include common-area maintenance, custodial services, gas, insurance, snow removal, trash, and water.
The residence is part of Charlestowne Village, where shared grounds are maintained. Parking is unassigned. Association services include common-area maintenance, custodial services, gas, insurance, snow removal, trash, and water.
Key Highlights
- 909 sq. ft. apartment unit with 2 bedrooms and 1 bathroom
- Built in 1964 with brick construction
- Formal dining area and an entry‑level bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,238
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,760
$244.8K
Cap Rate 7%
$174,829
$174.8K
Cap Rate 9%
$135,978
$136.0K
Market Conditions
NOI Build-Up for 909 SF
Gross rent
$23.7K $26.04/SF
− Vacancy
−$1.4K −$1.56/SF
EGI
$22.3K $24.48/SF
− OpEx
−$10.0K −$11.01/SF
NOI
$12.2K $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%
$244,760
Cap Rate 7%
$174,829
Cap Rate 9%
$135,978
Alternative Uses
Best Use
Apartment 5plus
$174.8K
$153.0K – $204.0K
NOI $12,238 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$293.2K
$256.6K – $342.1K
NOI $20,527 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,074
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Brick construction and a formal dining area distinguish this two-bedroom residence.
Where is this residential income property located?
The property is located at 8120 LAKECREST DRIVE Unit 8120 Greenbelt, MD.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 909 sq. ft. apartment unit with 2 bedrooms and 1 bathroom; Built in 1964 with brick construction; Formal dining area and an entry‑level bedroom
