Condominium with Private
For Sale
$126,000
9250 EDWARDS WAY Unit 510-A, Hyattsville, MD 20783
The condo fee covers utilities, building maintenance, trash service, and snow removal.
Property Size831 SF
Price / SF$151.62
Days on Market55
Property Features for 9250 EDWARDS WAY Unit 510-A
General Information
Standard status
Active
Size
831 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,312
Amenities
private balcony
Building Details
Building Size
831 SF
Year Built
1961
Listing Agency:
Sell Your Home Services
Listed By:
Daniel J. Demers · License #5004796
(888) 219-3009
Source:
Jackrealtygroup
Added: Sep 4
Changed: Oct 27
Last Checked: Oct 26 at 3:38PM
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 Sell Your Home Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 831-square-foot condominium occupies the fifth floor of a building constructed in 1961. The unit has a private balcony, two mirrored closets, and a separate utility and linen closet. Recent interior work includes a remodeled bathroom with a tiled walk-in shower, updated kitchen flooring, new appliances including a dishwasher, and fresh paint.
The condo fee includes electricity, gas, water, heating, air conditioning, building maintenance, trash service, and snow removal. The property includes two reserved parking spaces and a visitor parking pass. I-495, shopping, dining, and public transportation are nearby, with access to Washington, D.C., Silver Spring, and College Park.
The condo fee includes electricity, gas, water, heating, air conditioning, building maintenance, trash service, and snow removal. The property includes two reserved parking spaces and a visitor parking pass. I-495, shopping, dining, and public transportation are nearby, with access to Washington, D.C., Silver Spring, and College Park.
Key Highlights
- 831‑square‑foot, fifth‑floor condominium with a private balcony
- Condo fee includes electricity, gas, water, heating, air conditioning, building maintenance, trash, and snow removal
- Two reserved parking spaces and a visitor parking pass
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,187
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,740
$223.7K
Cap Rate 7%
$159,814
$159.8K
Cap Rate 9%
$124,300
$124.3K
Market Conditions
NOI Build-Up for 831 SF
Gross rent
$21.6K $26.04/SF
− Vacancy
−$1.3K −$1.56/SF
EGI
$20.3K $24.48/SF
− OpEx
−$9.2K −$11.01/SF
NOI
$11.2K $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%
$223,740
Cap Rate 7%
$159,814
Cap Rate 9%
$124,300
Alternative Uses
Best Use
Apartment 5plus
$159.8K
$139.8K – $186.5K
NOI $11,187 @ 7.0% cap · market cap 8.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$268.1K
$234.6K – $312.8K
NOI $18,765 @ 7.0% cap · market cap 14.89%
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
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
Explore this area
Business Placement
Demographics for 20783, MD
48,946
Population
14,389
Households
3.4
Avg Household Size
32
Median Age
19%
College-Educated
56%
High-School Grad
5.8 sq mi
ZIP Area
8,439
Density / Sq Mi
$87,052
Median Household Income
$36,201
Median Earnings
$1,701
Median Rent
$400,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The condo fee covers utilities, building maintenance, trash service, and snow removal.
Where is this residential income property located?
The property is located at 9250 EDWARDS WAY Unit 510-A Hyattsville, MD.
What is the asking price?
The asking price for this property is $126,000.
What are key features of this property?
This property features: 831‑square‑foot, fifth‑floor condominium with a private balcony; Condo fee includes electricity, gas, water, heating, air conditioning, building maintenance, trash, and snow removal; Two reserved parking spaces and a visitor parking pass
