Updated Colonial
For Sale
$519,000
5031 MANGUM Road, College Park, MD 20740
MULTI_FAMILY - Colonial - COLLEGE PARK, MD
Property Size1,104 SF
Lot Size0.13 Acres
Price / SF$470.11
Days on Market38
Property Features for 5031 MANGUM Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street, Driveway
Elementary school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Middle school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
High school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
1,104 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
6346
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1950
Number of units
1
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Turning Point Real Estate
(301) 831-8232
Listed By:
Rosemarie C Creasey · License #583737
(240) 439-9147
Added: Jul 3
Changed: Aug 4
Last Checked: Aug 9 at 1:06PM
MLS# MDPG2209642
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Colonial duplex, built in 1950, combines a four-bedroom, two-bath main residence with an attached studio apartment featuring high ceilings. The 1,104-square-foot property has been updated with refreshed kitchens, stainless steel appliances, renovated bathrooms, contemporary finishes, and abundant natural light. Brick construction, forced-air heating, and central air support the property’s core physical features. Parking is provided by a driveway and on-street spaces, while the 0.1263-acre lot includes a sizable backyard for outdoor use.
The property is located at 5031 Mangum Road in College Park, Maryland, near the University of Maryland, shopping, dining, and Metro access. I-495 and I-95 are readily accessible. The separate studio configuration supports a range of documented uses, including multigenerational living, guests, a private office, college housing, or additional rental income.
The property is located at 5031 Mangum Road in College Park, Maryland, near the University of Maryland, shopping, dining, and Metro access. I-495 and I-95 are readily accessible. The separate studio configuration supports a range of documented uses, including multigenerational living, guests, a private office, college housing, or additional rental income.
Key Highlights
- Four‑bedroom, two‑bath main residence with attached studio apartment
- 1,104 square feet on a 0.1263‑acre lot
- Updated kitchens with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,041
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$320,820
$320.8K
Cap Rate 7%
$229,157
$229.2K
Cap Rate 9%
$178,233
$178.2K
Market Conditions
NOI Build-Up for 1,104 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.5K $22.20/SF
− Vacancy
−$1.6K −$1.44/SF
EGI
$22.9K $20.76/SF
− OpEx
−$6.9K −$6.23/SF
NOI
$16.0K $14.53/SF
Area
Prince George's County, MD
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$320,820
Cap Rate 7%
$229,157
Cap Rate 9%
$178,233
Alternative Uses
Best Use
Multifamily LT 5
$229.2K
$200.5K – $267.4K
NOI $16,041 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$212.3K
$185.8K – $247.7K
NOI $14,863 @ 7.0% cap · market cap 2.86%
Theoretical Best
Specialty Retail
$356.1K
$311.6K – $415.5K
NOI $24,930 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
Explore this area
Business Placement
Demographics for 20740, MD
36,930
Population
13,079
Households
2.8
Avg Household Size
27
Median Age
49%
College-Educated
86%
High-School Grad
8.8 sq mi
ZIP Area
4,197
Density / Sq Mi
$81,359
Median Household Income
$29,270
Median Earnings
$1,788
Median Rent
$417,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Four-bedroom main residence includes an attached studio apartment and refreshed kitchens and bathrooms.
Where is this duplex located?
The property is located at 5031 MANGUM Road College Park, MD.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Four‑bedroom, two‑bath main residence with attached studio apartment; 1,104 square feet on a 0.1263‑acre lot; Updated kitchens with stainless steel appliances
