Residential Income
3807 SWANN ROAD Unit 102, Suitland, MD 20746
For Sale
$150,000
The apartment condominium is currently rented, and the renter would like to remain.
Property Size862 SF
Price / SF$174.01
Days on Market137
Property Features for 3807 SWANN ROAD Unit 102
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
HomeSmart
Listed By:
Santos L Marquez · License #617789
(301) 592-7278
Source:
Jackrealtygroup
Added: Jun 26
Changed: Nov 8
Last Checked: Nov 8 at 9:06PM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This residential income property is an apartment condominium with 862 square feet of space. Built in 1965, it is currently rented. The renter has expressed interest in staying, subject to agreement.
Key Highlights
- 862‑square‑foot apartment condominium
- Built in 1965
- Currently rented; renter would like to remain
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,605
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,100
$232.1K
Cap Rate 7%
$165,786
$165.8K
Cap Rate 9%
$128,944
$128.9K
Market Conditions
NOI Build-Up for 862 SF
Gross rent
$22.4K $26.04/SF
− Vacancy
−$1.3K −$1.56/SF
EGI
$21.1K $24.48/SF
− OpEx
−$9.5K −$11.01/SF
NOI
$11.6K $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%
$232,100
Cap Rate 7%
$165,786
Cap Rate 9%
$128,944
Alternative Uses
Best Use
Apartment 5plus
$165.8K
$145.1K – $193.4K
NOI $11,605 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$278.1K
$243.3K – $324.4K
NOI $19,465 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
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Business Placement
Demographics for 20746, MD
31,635
Population
14,075
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
93%
High-School Grad
7.6 sq mi
ZIP Area
4,163
Density / Sq Mi
$78,391
Median Household Income
$54,930
Median Earnings
$1,735
Median Rent
$325,000
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Prince George's County, MD
Properties on Market for Residential income properties in Prince George's County
Frequently Asked Questions
What type of property is this?
Residential income property - The apartment condominium is currently rented, and the renter would like to remain.
Where is this residential income property located?
The property is located at 3807 SWANN ROAD Unit 102 Suitland, MD.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 862‑square‑foot apartment condominium; Built in 1965; Currently rented; renter would like to remain
