Two-Bedroom Ground-Level
For Sale
$235,000
8801 RUSLAND COURT, Fort Washington, MD 20744
The association handles exterior maintenance, insurance, parking, trash, and snow removal.
Property Size1,175 SF
Price / SF$200
Days on Market149
Property Features for 8801 RUSLAND COURT
General Information
Standard status
Active
Size
1,175 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,525
Amenities
community center
jogging/walking paths
bike trails
picnic area
tot lots
Building Details
Building Size
1,175 SF
Year Built
1988
Listing Agency:
Compass
Listed By:
District Property Group
(202) 286-1658
Source:
Districtpropertygroup
Added: Jun 2
Changed: Oct 27
Last Checked: Oct 27 at 4:14AM
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 ground-level condominium offers 1,175 square feet arranged as two bedrooms and two full bathrooms. The living and dining areas share an open layout, and the unit includes washer and dryer hookups and central air conditioning. Built in 1988, it is located in the Devon Hills community.
Association services cover exterior maintenance, insurance, parking, trash collection, and snow removal. Community amenities include a center, walking and jogging paths, bike trails, picnic space, and tot lots.
Association services cover exterior maintenance, insurance, parking, trash collection, and snow removal. Community amenities include a center, walking and jogging paths, bike trails, picnic space, and tot lots.
Key Highlights
- Two bedrooms and two full bathrooms
- 1,175 square feet with a ground‑level layout
- Open living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,819
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,380
$316.4K
Cap Rate 7%
$225,986
$226.0K
Cap Rate 9%
$175,767
$175.8K
Market Conditions
NOI Build-Up for 1,175 SF
Gross rent
$30.6K $26.04/SF
− Vacancy
−$1.8K −$1.56/SF
EGI
$28.8K $24.48/SF
− OpEx
−$12.9K −$11.01/SF
NOI
$15.8K $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%
$316,380
Cap Rate 7%
$225,986
Cap Rate 9%
$175,767
Alternative Uses
Best Use
Apartment 5plus
$226.0K
$197.7K – $263.7K
NOI $15,819 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$379.0K
$331.7K – $442.2K
NOI $26,533 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
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Business Placement
Demographics for 20744, MD
52,747
Population
21,014
Households
2.5
Avg Household Size
44
Median Age
36%
College-Educated
90%
High-School Grad
26.1 sq mi
ZIP Area
2,021
Density / Sq Mi
$124,838
Median Household Income
$57,168
Median Earnings
$1,751
Median Rent
$418,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The association handles exterior maintenance, insurance, parking, trash, and snow removal.
Where is this residential income property located?
The property is located at 8801 RUSLAND COURT Fort Washington, MD.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; 1,175 square feet with a ground‑level layout; Open living and dining area
