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228 Manor Cir 7 Unit Apartment Building $1,087,047 CAD ($155,292 CAD/Unit) 7.06% Cap Rate Takoma Park, MD 20912
Investment Highlights
- Back on the market, buyer could not perform
- 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. SALE 100% Occupied, newly Renovated and well-maintained, 7-Unit Apartment Building in Takoma Park, Maryland. Nice mix of studios (5) and one-bedrooms (2). Walk to retail and restaurants. On site paved parking for residents. New Roof. See marketing flyer for more information.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$123,507
|
$39.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,955
|
$1.89
|
| Effective Gross Income |
$117,552
|
$37.32
|
| Taxes |
$18,681
|
$5.93
|
| Operating Expenses |
$18,504
|
$5.87
|
| Total Expenses |
$37,185
|
$11.80
|
| Net Operating Income |
$80,367
|
$25.51
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $123,507 |
| Annual Per SF | $39.21 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,955 |
| Annual Per SF | $1.89 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $117,552 |
| Annual Per SF | $37.32 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,681 |
| Annual Per SF | $5.93 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,504 |
| Annual Per SF | $5.87 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $37,185 |
| Annual Per SF | $11.80 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $80,367 |
| Annual Per SF | $25.51 |
Property Facts
| Price | $1,087,047 CAD | Building Class | C |
| Price Per Unit | $155,292 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 3,150 SF |
| Cap Rate | 7.06% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.54/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-20 | ||
| Price | $1,087,047 CAD |
| Price Per Unit | $155,292 CAD |
| Sale Type | Investment |
| Cap Rate | 7.06% |
| 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 | 2.54/1,000 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 | $1,469 CAD | 215 - 570 |
| 1+1 | 2 | $1,486 CAD | 635 - 800 |
1 1
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 | $1,104,099 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $18,681 CAD ($5.93 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
13-01065796
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,104,099 CAD
Annual Taxes
$18,681 CAD ($5.93 CAD/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
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Photos
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228 Manor Cir
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