Top-Floor Condominium with
For Sale
$150,000
3823 HAMILTON STREET Unit B-303, Hyattsville, MD 20781
A two-bedroom residence with a separate den includes assigned parking and access to shared laundry facilities.
Property Size948 SF
Price / SF$158.23
Days on Market36
Property Features for 3823 HAMILTON STREET Unit B-303
General Information
Standard status
Active
Size
948 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,222
Amenities
hardwood flooring
ceiling fans
gas range
microwave
dishwasher
garbage disposal
soaking tub
common laundry facilities
Building Details
Building Size
948 SF
Year Built
1962
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
juan umanzor Jr. · License #577426
(301) 907-7600
Source:
Jackrealtygroup
Added: Sep 23
Changed: Oct 27
Last Checked: Oct 26 at 3:48PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This top-level condominium offers 948 square feet with two bedrooms and a separate den. Hardwood floors extend throughout the unit, and ceiling fans serve the living area. The kitchen includes a gas range, microwave, dishwasher, and garbage disposal; the full bathroom has a soaking tub. The association is FHA-approved, and common laundry facilities are available. Assigned parking space 23-303 is included. The condo fee covers water, trash, lawn care, snow removal, and upkeep of common areas.
The property is in Hyattsville, near the University of Maryland, the Hyattsville Arts District, Driskell Park, restaurants, shopping, and entertainment. Metro stations, bus service, and major commuter routes provide connections to Washington, D.C., and surrounding Maryland communities.
The property is in Hyattsville, near the University of Maryland, the Hyattsville Arts District, Driskell Park, restaurants, shopping, and entertainment. Metro stations, bus service, and major commuter routes provide connections to Washington, D.C., and surrounding Maryland communities.
Key Highlights
- 948‑square‑foot, top‑level condominium with two bedrooms and a den
- Hardwood floors throughout and ceiling fans in the living area
- Kitchen equipped with a gas range, microwave, dishwasher, and garbage disposal
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,763
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,260
$255.3K
Cap Rate 7%
$182,329
$182.3K
Cap Rate 9%
$141,811
$141.8K
Market Conditions
NOI Build-Up for 948 SF
Gross rent
$24.7K $26.04/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$23.2K $24.48/SF
− OpEx
−$10.4K −$11.01/SF
NOI
$12.8K $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%
$255,260
Cap Rate 7%
$182,329
Cap Rate 9%
$141,811
Alternative Uses
Best Use
Apartment 5plus
$182.3K
$159.5K – $212.7K
NOI $12,763 @ 7.0% cap · market cap 8.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$305.8K
$267.6K – $356.8K
NOI $21,407 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom residence with a separate den includes assigned parking and access to shared laundry facilities.
Where is this residential income property located?
The property is located at 3823 HAMILTON STREET Unit B-303 Hyattsville, 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: 948‑square‑foot, top‑level condominium with two bedrooms and a den; Hardwood floors throughout and ceiling fans in the living area; Kitchen equipped with a gas range, microwave, dishwasher, and garbage disposal
