Updated Residential Income
For Sale
$173,900
3829 HAMILTON STREET Unit E-304, Hyattsville, MD 20781
Interior improvements include a new HVAC system, kitchen finishes, stainless steel appliances, flooring, and doors.
Property Size967 SF
Price / SF$179.83
Days on Market102
Property Features for 3829 HAMILTON STREET Unit E-304
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
secured building access
on-site laundry facility
storage area
Building Details
Building Size
967 SF
Year Built
1962
Listing Agency:
NetRealtyNow.com, LLC
Listed By:
Thomas S Hennerty · License #5092
(703) 581-8605
Source:
Jackrealtygroup
Added: Jul 20
Changed: Oct 27
Last Checked: Oct 26 at 3:49PM
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 NetRealtyNow.com, LLC
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Investment Insights
Based on property information with market context.
This 967-square-foot, two-bedroom, one-bath condominium was built in 1962 and has received a range of interior updates. Improvements include a new HVAC system, kitchen cabinets and countertops, stainless steel appliances, LVP flooring, and doors. A walk-in closet adds storage space.
The building provides secured entry, on-site laundry, and a storage area. The unit includes assigned parking, with visitor parking also available. The condo fee covers water, gas, building maintenance, parking, snow removal, and trash.
The property is near the University of Maryland, the Arts District, and Driskell Community Park, with access to shops, dining, entertainment, public transit, and major commuter routes.
The building provides secured entry, on-site laundry, and a storage area. The unit includes assigned parking, with visitor parking also available. The condo fee covers water, gas, building maintenance, parking, snow removal, and trash.
The property is near the University of Maryland, the Arts District, and Driskell Community Park, with access to shops, dining, entertainment, public transit, and major commuter routes.
Key Highlights
- 967‑square‑foot condominium with two bedrooms and one bathroom
- New HVAC system, kitchen cabinets, countertops, and stainless steel appliances
- New LVP flooring and doors; walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,018
Cap Rate
7.49%
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 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$312.0K
$273.0K – $364.0K
NOI $21,837 @ 7.0% cap · market cap 12.56%
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 - Interior improvements include a new HVAC system, kitchen finishes, stainless steel appliances, flooring, and doors.
Where is this residential income property located?
The property is located at 3829 HAMILTON STREET Unit E-304 Hyattsville, MD.
What is the asking price?
The asking price for this property is $173,900.
What are key features of this property?
This property features: 967‑square‑foot condominium with two bedrooms and one bathroom; New HVAC system, kitchen cabinets, countertops, and stainless steel appliances; New LVP flooring and doors; walk‑in closet
