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    FOR SALE
    Apartment buildings

    11555 Laurelwalk Dr, Laurel, MD 20708

    8,225 SF Built 1972
    Property ID
    US40-1128210
    Property summary
    AI-generated overview

    Harbor Stone Advisors is pleased to present Laurelwalk Townhomes, a portfolio of 9 townhomes situated within the same community in Laurel, MD. The property is conveniently located near Route 295 and is within a 12-mile radius of some of the area’s top employers such as Fort Meade, NASA Goddard Space Flight Center, and University of Maryland, College Park. Laurelwalk Townhomes consists of (7) 2 Br-1.5 Ba and (2) 3 Br-1.5 Ba, and typical unit features include black/stainless steel appliances, wood cabinets, formica countertops, in-unit washer/dryers, and carpet/tile flooring. Current ownership previously renovated all of the units in 2014 and updated the plumbing. The property also has a Housing Assistance Payment (HAP) contract in place through August 2027 and scored a 91 on the 2025 NSPIRE inspection, qualifying the property for reduced inspection frequency (once every 3 years). Laurelwalk Townhomes presents an opportunity for a new owner to extend the HAP contract and increase rents based on the current cost of living adjustment. The current owner has not increased the rents in over 10 years. A new owner can also evaluate not renewing the HAP contract and lightly renovating all of the units. Suggested renovations include granite countertops and LVT flooring, as well as refreshing the bathrooms. Comparable properties with these features are currently achieving rents at least 15% higher than Laurelwalk. Additionally, a new owner can explore selling the townhomes individually at contract end. The current market indicates strong potential for individual sales, with other two- and three-bedroom townhomes in the community selling for an average of $250,000.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1972
    Total area 8,225 SF
    UPID US40-1128210
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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