Updated Condo with Renovated
For Sale
$180,000
3821 HAMILTON STREET Unit A-301, Hyattsville, MD 20781
The two-bedroom, one-bath home includes custom shelving, a walk-in closet, and on-site laundry.
Property Size967 SF
Price / SF$186.14
Days on Market168
Property Features for 3821 HAMILTON STREET Unit A-301
General Information
Standard status
Active
Size
967 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,273
Amenities
secure entry
on-site laundry
extra storage
visitor parking
Building Details
Building Size
967 SF
Year Built
1962
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: May 14
Changed: Oct 27
Last Checked: Oct 26 at 2:34PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This updated condo offers two bedrooms and one bathroom, with an open living and dining area, custom built-in bookshelves and cabinetry, and a walk-in closet. The kitchen has new cabinets and countertops, plus stainless steel appliances. Fresh paint, luxury vinyl plank flooring, a new HVAC system, and updated doors round out the interior improvements. The building, constructed in 1962, has secure entry, on-site laundry, extra storage, and visitor parking.
The condo is about a 14-minute drive from the University of Maryland in College Park and about 10 minutes from Catholic University. The Hyattsville Arts District, Driskell Community Park, shopping, restaurants, public transit, and commuter routes are also identified as nearby. The condo fee covers general-area maintenance, water, gas, snow removal, garbage, and parking for one car.
The condo is about a 14-minute drive from the University of Maryland in College Park and about 10 minutes from Catholic University. The Hyattsville Arts District, Driskell Community Park, shopping, restaurants, public transit, and commuter routes are also identified as nearby. The condo fee covers general-area maintenance, water, gas, snow removal, garbage, and parking for one car.
Key Highlights
- Two bedrooms and one bathroom
- Renovated kitchen with new cabinets, countertops, and stainless steel appliances
- New HVAC system, fresh paint, and luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,018
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,360
$260.4K
Cap Rate 7%
$185,971
$186.0K
Cap Rate 9%
$144,644
$144.6K
Market Conditions
NOI Build-Up for 967 SF
Gross rent
$25.2K $26.04/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$23.7K $24.48/SF
− OpEx
−$10.7K −$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%
$260,360
Cap Rate 7%
$185,971
Cap Rate 9%
$144,644
Alternative Uses
Best Use
Apartment 5plus
$186.0K
$162.7K – $217.0K
NOI $13,018 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$312.0K
$273.0K – $364.0K
NOI $21,837 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Explore this area
Business Placement
Demographics for 20781, MD
13,662
Population
4,665
Households
2.9
Avg Household Size
35
Median Age
43%
College-Educated
81%
High-School Grad
2.5 sq mi
ZIP Area
5,465
Density / Sq Mi
$91,037
Median Household Income
$47,620
Median Earnings
$1,695
Median Rent
$453,100
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, one-bath home includes custom shelving, a walk-in closet, and on-site laundry.
Where is this residential income property located?
The property is located at 3821 HAMILTON STREET Unit A-301 Hyattsville, MD.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Two bedrooms and one bathroom; Renovated kitchen with new cabinets, countertops, and stainless steel appliances; New HVAC system, fresh paint, and luxury vinyl plank flooring
