Two-Bedroom Residential Income
For Sale
$135,000
3906 STONE GATE DRIVE Unit C, Suitland, MD 20746
Renovated condo with an open layout, updated kitchen finishes, and two private balconies.
Property Size870 SF
Price / SF$155.17
Days on Market104
Property Features for 3906 STONE GATE DRIVE Unit C
General Information
Standard status
Active
Size
870 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,109
Building Details
Building Size
870 SF
Year Built
1961
Listing Agency:
Samson Properties
Listed By:
Cindy Martin · License #5014377
(571) 314-1900
Source:
Jackrealtygroup
Added: Jul 17
Changed: Oct 27
Last Checked: Oct 26 at 2:49PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This residential income property is a 2-bedroom, 1-bath condo with 870 square feet of interior space. The open layout includes brand-new cabinetry, stainless steel appliances, refreshed paint, and updated finishes. Two private balconies provide outdoor space. The building dates to 1961.
The property is in Suitland, Maryland, with access to major highways, shopping, dining, and public transportation. Washington, DC and Andrews Air Force Base are also identified as nearby destinations.
The property is in Suitland, Maryland, with access to major highways, shopping, dining, and public transportation. Washington, DC and Andrews Air Force Base are also identified as nearby destinations.
Key Highlights
- 2‑bedroom, 1‑bath condo with 870 square feet
- Two private balconies
- Open layout with brand‑new cabinetry and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,713
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,260
$234.3K
Cap Rate 7%
$167,329
$167.3K
Cap Rate 9%
$130,144
$130.1K
Market Conditions
NOI Build-Up for 870 SF
Gross rent
$22.7K $26.04/SF
− Vacancy
−$1.4K −$1.56/SF
EGI
$21.3K $24.48/SF
− OpEx
−$9.6K −$11.01/SF
NOI
$11.7K $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%
$234,260
Cap Rate 7%
$167,329
Cap Rate 9%
$130,144
Alternative Uses
Best Use
Apartment 5plus
$167.3K
$146.4K – $195.2K
NOI $11,713 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$280.7K
$245.6K – $327.4K
NOI $19,646 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated condo with an open layout, updated kitchen finishes, and two private balconies.
Where is this residential income property located?
The property is located at 3906 STONE GATE DRIVE Unit C Suitland, MD.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath condo with 870 square feet; Two private balconies; Open layout with brand‑new cabinetry and stainless steel appliances
