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Highland Ridge 1201 Benning Rd 196 Unit Apartment Building For Sale Capitol Heights, MD 20743
Investment Highlights
- Over $1,800,000 in recent capital improvements
- Clear path to long-term stabilization
- On-site laundry facilities and renovated management office
- Spacious high-demand unit mix
- 120 off-street parking spaces
- Direct access to major commuter corridors
Executive Summary
The Zupancic Group of Marcus & Millichap is pleased to present Highland Ridge, a 196-unit multifamily community located in Capitol Heights/Coral Hills, Maryland, directly adjacent to the Washington, DC border. The offering presents a rare opportunity to acquire a recently renovated asset with a clear path to stabilization. Highland Ridge consists of 231,800 gross square feet across multiple buildings and has recently undergone more than $1,800,000 in capital improvements. The community benefits from 120 on-site parking spaces, upgraded electrical systems, on-site amenities, and a spacious, high-demand unit mix averaging 842 square feet. With 85 current vacancies, recently completed renovations and proximity to major employment centers, retail, entertainment (direct access to downtown DC and National Harbor) and several major commuter corridors, the property is ideally positioned with a clear path to long term stabilization.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Dining Room
- Window Coverings
Site Amenities
- Clubhouse
- Laundry Facilities
- Playground
- Property Manager on Site
- Pet Play Area
- Maintenance on site
- Multi Use Room
- Individual Locking Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 579 |
| 1+1 | 66 | $1,507 CAD | 787 |
| 2+1 | 100 | $1,778 CAD | 862 |
| 3+1 | 28 | $2,051 CAD | 922 |
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Moderately walkable
60/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 18-1986355 | Total Assessment | $13,058,858 CAD (2025) |
| Land Assessment | $1,241,568 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $11,817,289 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
18-1986355
Land Assessment
$1,241,568 CAD (2025)
Improvements Assessment
$11,817,289 CAD (2025)
Total Assessment
$13,058,858 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Highland Ridge | 1201 Benning Rd
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