Residential Income Property with
For Sale
$125,000
8685 GREENBELT ROAD Unit 102, Greenbelt, MD 20770
The condo fee covers utilities, and the unit has updated kitchen and bathroom finishes.
Property Size768 SF
Price / SF$162.76
Days on Market329
Property Features for 8685 GREENBELT ROAD Unit 102
General Information
Standard status
Active
Size
768 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x one-bedroom
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,555
Amenities
balcony
Building Details
Building Size
768 SF
Year Built
1970
Listing Agency:
Cottage Street Realty LLC
Listed By:
Alexandra I Burrell-Hodges · License #609427
(703) 819-1023
Source:
Districtpropertygroup
Added: Dec 3, 2025
Changed: Oct 27
Last Checked: Oct 27 at 4:18AM
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 Cottage Street Realty LLC
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Investment Insights
Based on property information with market context.
This one-bedroom condo offers 768 square feet of living space and a balcony. Improvements include newer flooring and paint, an updated kitchen and bathroom, white quartz countertops, a newer refrigerator, and a newer washer and dryer. The property was built in 1970.
Shopping is nearby, with access to the BW Parkway and I-495 also noted. The condo fee includes all utilities.
Shopping is nearby, with access to the BW Parkway and I-495 also noted. The condo fee includes all utilities.
Key Highlights
- One‑bedroom condo with 768 square feet of living space
- Balcony
- Updated kitchen and bathroom with white quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,339
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,780
$206.8K
Cap Rate 7%
$147,700
$147.7K
Cap Rate 9%
$114,878
$114.9K
Market Conditions
NOI Build-Up for 768 SF
Gross rent
$20.0K $26.04/SF
− Vacancy
−$1.2K −$1.56/SF
EGI
$18.8K $24.48/SF
− OpEx
−$8.5K −$11.01/SF
NOI
$10.3K $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%
$206,780
Cap Rate 7%
$147,700
Cap Rate 9%
$114,878
Alternative Uses
Best Use
Apartment 5plus
$147.7K
$129.2K – $172.3K
NOI $10,339 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$247.8K
$216.8K – $289.1K
NOI $17,343 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
640
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 - The condo fee covers utilities, and the unit has updated kitchen and bathroom finishes.
Where is this residential income property located?
The property is located at 8685 GREENBELT ROAD Unit 102 Greenbelt, MD.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: One‑bedroom condo with 768 square feet of living space; Balcony; Updated kitchen and bathroom with white quartz countertops
