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228 Manor Cir 7 Unit Apartment Building $1,117,303 CAD ($159,615 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$126,429
|
$40.14
|
| Other Income |
$1,239
|
$0.39
|
| Vacancy Loss |
$6,321
|
$2.01
|
| Effective Gross Income |
$121,347
|
$38.52
|
| Taxes |
$20,337
|
$6.46
|
| Operating Expenses |
$22,019
|
$6.99
|
| Total Expenses |
$42,356
|
$13.45
|
| Net Operating Income |
$78,991
|
$25.08
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $126,429 |
| Annual Per SF | $40.14 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,239 |
| Annual Per SF | $0.39 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,321 |
| Annual Per SF | $2.01 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $121,347 |
| Annual Per SF | $38.52 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,337 |
| Annual Per SF | $6.46 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $22,019 |
| Annual Per SF | $6.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $42,356 |
| Annual Per SF | $13.45 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $78,991 |
| Annual Per SF | $25.08 |
Property Facts
| Price | $1,117,303 CAD | Building Class | C |
| Price Per Unit | $159,615 CAD | 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 | $1,117,303 CAD |
| Price Per Unit | $159,615 CAD |
| 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 | $1,452 CAD | 215 - 570 |
| 1+1 | 2 | $1,547 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 | $1,147,467 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $20,337 CAD ($6.46 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
13-01065796
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$1,147,467 CAD (2025)
Annual Taxes
$20,337 CAD ($6.46 CAD/SF)
Tax Year
2026
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228 Manor Cir
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