Residential Income
For Sale
$225,000
3135 CHESTER GROVE ROAD, Upper Marlboro, MD 20774
The condominium has two bedrooms, one bath, an attached garage, and access to a community center.
Property Size966 SF
Price / SF$232.92
Days on Market39
Property Features for 3135 CHESTER GROVE ROAD
General Information
Standard status
Active
Size
966 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Asking Price
$225,000
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,689
Amenities
community center
Building Details
Building Size
966 SF
Year Built
1975
Listing Agency:
Samson Properties
Listed By:
LeShawn Rollins · License #592375
(202) 510-3486
Source:
Districtpropertygroup
Added: Sep 21
Changed: Oct 27
Last Checked: Oct 27 at 3:45AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This residential condominium contains 966 square feet, with two bedrooms, one bathroom, and an attached one-car garage. The building dates to 1975.
Residents have access to a community center. The property is 10 miles from Washington, D.C., and the surrounding area is described as walkable, with parks, retail, and dining options planned for Westphalia Town Center. Major highways and public transit are also identified as nearby transportation options.
Residents have access to a community center. The property is 10 miles from Washington, D.C., and the surrounding area is described as walkable, with parks, retail, and dining options planned for Westphalia Town Center. Major highways and public transit are also identified as nearby transportation options.
Key Highlights
- Two bedrooms and one bathroom
- 966 square feet of living space
- Attached one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,005
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,100
$260.1K
Cap Rate 7%
$185,786
$185.8K
Cap Rate 9%
$144,500
$144.5K
Market Conditions
NOI Build-Up for 966 SF
Gross rent
$25.2K $26.04/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$23.6K $24.48/SF
− OpEx
−$10.6K −$11.01/SF
NOI
$13.0K $13.46/SF
Area
Prince George's County, MD
Vacancy
6.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,100
Cap Rate 7%
$185,786
Cap Rate 9%
$144,500
Alternative Uses
Best Use
Apartment 5plus
$185.8K
$162.6K – $216.8K
NOI $13,005 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$311.6K
$272.7K – $363.6K
NOI $21,814 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 20774, MD
51,984
Population
21,747
Households
2.4
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
34.9 sq mi
ZIP Area
1,490
Density / Sq Mi
$128,392
Median Household Income
$67,098
Median Earnings
$2,213
Median Rent
$439,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condominium has two bedrooms, one bath, an attached garage, and access to a community center.
Where is this residential income property located?
The property is located at 3135 CHESTER GROVE ROAD Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two bedrooms and one bathroom; 966 square feet of living space; Attached one‑car garage
