Residential Income
For Sale
$175,000
3904 STONE GATE DRIVE, Suitland, MD 20746
The first-level apartment includes an in-unit washer and dryer.
Property Size853 SF
Price / SF$205.16
Days on Market128
Property Features for 3904 STONE GATE DRIVE
General Information
Standard status
Active
Size
853 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,327
Building Details
Building Size
853 SF
Year Built
1961
Listing Agency:
HomeSmart
Listed By:
Elizabeth E Feria · License #585265
(301) 674-7592
Source:
Jackrealtygroup
Added: Jun 23
Changed: Oct 27
Last Checked: Oct 26 at 2:56PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property includes a first-level apartment with a washer and dryer. The unit is described as move-in ready.
The property is across the DC line and close to a shopping center, restaurants, and public transportation. Built in 1961, it offers proximity to these neighborhood services and transit.
The property is across the DC line and close to a shopping center, restaurants, and public transportation. Built in 1961, it offers proximity to these neighborhood services and transit.
Key Highlights
- First‑level apartment
- Washer and dryer included
- Built in 1961
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,484
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,680
$229.7K
Cap Rate 7%
$164,057
$164.1K
Cap Rate 9%
$127,600
$127.6K
Market Conditions
NOI Build-Up for 853 SF
Gross rent
$22.2K $26.04/SF
− Vacancy
−$1.3K −$1.56/SF
EGI
$20.9K $24.48/SF
− OpEx
−$9.4K −$11.01/SF
NOI
$11.5K $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%
$229,680
Cap Rate 7%
$164,057
Cap Rate 9%
$127,600
Alternative Uses
Best Use
Apartment 5plus
$164.1K
$143.6K – $191.4K
NOI $11,484 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$275.2K
$240.8K – $321.0K
NOI $19,262 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - The first-level apartment includes an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 3904 STONE GATE DRIVE Suitland, MD.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: First‑level apartment; Washer and dryer included; Built in 1961
