Corner Lot Income
6914 Furman Parkway Riverdale, MD 20737
For Sale
$350,000
Pending
Triplex-style income property with a long driveway and potential for additional parking space on the opposite side.
Property Size1,674 SF
Days on Market1405
Property Features for 6914 Furman Parkway
General Information
- Standard status
- Pending
- Size
- 1,674 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1963
Listing Agency:
Coldwell Banker Realty
(410) 721-0103
Listed By:
Heidi Heiderman
(410) 292-1999
Source:
Xome
Added: Sep 18, 2022
Changed: Jul 23
Last Checked: Jul 23 at 4:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This income property is described as a triplex with bedrooms configured across two levels. The public remarks note three bedrooms upstairs, with additional bedroom options on the lower level, described as a 4th bedroom and possible 5th bedroom.
The property is situated on a corner lot and features a long driveway. The remarks also indicate potential space to create an additional parking area on the other side of the home.
Please note the listing includes instructions not to contact the seller and states that there is pending legal resolution; no additional showings are being permitted at this time.
The property is situated on a corner lot and features a long driveway. The remarks also indicate potential space to create an additional parking area on the other side of the home.
Please note the listing includes instructions not to contact the seller and states that there is pending legal resolution; no additional showings are being permitted at this time.
Key Highlights
- Triplex‑style income property on a corner lot with a long driveway
- Parking includes driveway and on‑street parking, plus potential space for additional parking on the opposite side of the home
- 3 bedrooms upstairs, with a 4th bedroom on the lower level and a possible 5th bedroom
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.2k | $22.20 |
| − Vacancy | −$2.4k | −$1.44 |
| EGI | $34.7k | $20.76 |
| − OpEx | −$10.4k | −$6.23 |
| NOI | $24.3k | $14.53 |
1,674 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$347.5K
$304.0K – $405.4K
NOI $24,323 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$322.7K
$282.4K – $376.5K
NOI $22,592 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$489.7K
$428.5K – $571.3K
NOI $34,278 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex-style income property with a long driveway and potential for additional parking space on the opposite side.
Where is this triplex located?
The property is located at 6914 Furman Parkway Riverdale, MD.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Triplex‑style income property on a corner lot with a long driveway; Parking includes driveway and on‑street parking, plus potential space for additional parking on the opposite side of the home; 3 bedrooms upstairs, with a 4th bedroom on the lower level and a possible 5th bedroom
