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228 Manor Cir 7 Unit Apartment Building $789,000 ($112,714/Unit) 7.07% Cap Rate Takoma Park, MD 20912
Investment Highlights
- Self manage and the return is nearly 8%
- New Roof (2023)
- Paved Off-Street Parking
- Renovated, 7-Units in Highly Desirable Neighborhood
- Fully Occupied and Permitted
Executive Summary
Back on the market, buyer could not perform. Fully Occupied, Renovated and well-maintained, 7-Unit Apartment Building in Takoma Park, Maryland. Nice mix of studios (5) and one-bedrooms (2). Self manage the property and the COC Return is nearly 8%. Walk to retail and restaurants. On site paved parking for residents. New Roof. See marketing flyer for more information.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$89,280
|
$28.34
|
| Other Income |
$875
|
$0.28
|
| Vacancy Loss |
$4,464
|
$1.42
|
| Effective Gross Income |
$85,691
|
$27.20
|
| Taxes |
$14,361
|
$4.56
|
| Operating Expenses |
$15,549
|
$4.94
|
| Total Expenses |
$29,910
|
$9.50
|
| Net Operating Income |
$55,781
|
$17.71
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $89,280 |
| Annual Per SF | $28.34 |
| Other Income | |
|---|---|
| Annual | $875 |
| Annual Per SF | $0.28 |
| Vacancy Loss | |
|---|---|
| Annual | $4,464 |
| Annual Per SF | $1.42 |
| Effective Gross Income | |
|---|---|
| Annual | $85,691 |
| Annual Per SF | $27.20 |
| Taxes | |
|---|---|
| Annual | $14,361 |
| Annual Per SF | $4.56 |
| Operating Expenses | |
|---|---|
| Annual | $15,549 |
| Annual Per SF | $4.94 |
| Total Expenses | |
|---|---|
| Annual | $29,910 |
| Annual Per SF | $9.50 |
| Net Operating Income | |
|---|---|
| Annual | $55,781 |
| Annual Per SF | $17.71 |
Property Facts
| Price | $789,000 | Building Class | C |
| Price Per Unit | $112,714 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 3,150 SF |
| Cap Rate | 7.07% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2025 |
| Property Subtype | Apartment | Parking Ratio | 3.17/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-20 | ||
| Price | $789,000 |
| Price Per Unit | $112,714 |
| Sale Type | Investment |
| Cap Rate | 7.07% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,150 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2025 |
| Parking Ratio | 3.17/1,000 SF |
| Zoning | R-20 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Storage Space
- Refrigerator
- Oven
- Range
- Yard
- Patio
- Porch
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | $1,025 | 215 - 570 |
| 1+1 | 2 | $1,093 | 635 - 800 |
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Moderately walkable
60/100
Fairly drivable
50/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 13-01065796 | Total Assessment | $811,533 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $14,361 ($4.56/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
13-01065796
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$811,533 (2025)
Annual Taxes
$14,361 ($4.56/SF)
Tax Year
2026
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