Two-Bedroom Residential Income
For Sale
$179,900
3827 HAMILTON STREET Unit D-203, Hyattsville, MD 20781
The condominium association fee covers gas, water, sewer, trash, snow removal, common-area care, and general maintenance.
Property Size948 SF
Price / SF$189.77
Days on Market264
Property Features for 3827 HAMILTON STREET Unit D-203
General Information
Standard status
Active
Size
948 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
2 Bed, 1 Bath
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,273
Building Details
Building Size
948 SF
Year Built
1962
Listing Agency:
Fairfax Realty Premier
Listed By:
Demond Lamar Shepard · License #5001422
(240) 476-2876
Source:
Jackrealtygroup
Added: Feb 6
Changed: Oct 27
Last Checked: Oct 26 at 3:18PM
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 Fairfax Realty Premier
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Investment Insights
Based on property information with market context.
This 948-square-foot condominium in Park Place has two bedrooms, one bathroom, and an open floor plan. Interior features include hardwood flooring, upgraded countertops, and updated bathroom finishes. The building dates to 1962, and the community is described as FHA compliant.
The property is in Hyattsville, near Washington, DC, Historic Hyattsville, and Downtown Hyattsville. Metro transit access is noted in the surrounding area.
The condominium fee includes gas, water, sewer, trash service, snow removal, common-area maintenance, and general maintenance.
The property is in Hyattsville, near Washington, DC, Historic Hyattsville, and Downtown Hyattsville. Metro transit access is noted in the surrounding area.
The condominium fee includes gas, water, sewer, trash service, snow removal, common-area maintenance, and general maintenance.
Key Highlights
- 948‑square‑foot condominium with two bedrooms and one bathroom
- Located in the Park Place condominium community
- FHA‑compliant community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,763
Cap Rate
7.09%
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 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$305.8K
$267.6K – $356.8K
NOI $21,407 @ 7.0% cap · market cap 11.90%
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 - The condominium association fee covers gas, water, sewer, trash, snow removal, common-area care, and general maintenance.
Where is this residential income property located?
The property is located at 3827 HAMILTON STREET Unit D-203 Hyattsville, MD.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 948‑square‑foot condominium with two bedrooms and one bathroom; Located in the Park Place condominium community; FHA‑compliant community
