Renovated Two-Bedroom Residential
For Sale
$125,000
3924 STONE GATE DRIVE Unit B, Suitland, MD 20746
The 2020 work updated the kitchen and bath and added a stacked washer and dryer.
Property Size841 SF
Price / SF$148.63
Days on Market80
Property Features for 3924 STONE GATE DRIVE Unit B
General Information
Standard status
Active
Size
841 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,297
Amenities
in-unit washer & dryer
gas oven/range
dishwasher
refrigerator
disposal
exhaust fan
Building Details
Building Size
841 SF
Year Built
1961
Year Renovated
2020
Construction
garden-style
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 10
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 841-square-foot, two-bedroom residential unit is in a garden-style building constructed in 1961. A major renovation was completed in 2020. The kitchen includes a gas oven/range, dishwasher, refrigerator, exhaust fan, and disposal; a stacked washer and dryer are also included. The unit has one full bathroom and a dedicated parking space.
The association fee covers water, trash service, and snow removal. A bus stop is less than a mile away.
The association fee covers water, trash service, and snow removal. A bus stop is less than a mile away.
Key Highlights
- 841‑square‑foot, two‑bedroom residential unit
- Major renovation completed in 2020
- Gas oven/range, dishwasher, refrigerator, exhaust fan, and disposal
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,322
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,440
$226.4K
Cap Rate 7%
$161,743
$161.7K
Cap Rate 9%
$125,800
$125.8K
Market Conditions
NOI Build-Up for 841 SF
Gross rent
$21.9K $26.04/SF
− Vacancy
−$1.3K −$1.56/SF
EGI
$20.6K $24.48/SF
− OpEx
−$9.3K −$11.01/SF
NOI
$11.3K $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%
$226,440
Cap Rate 7%
$161,743
Cap Rate 9%
$125,800
Alternative Uses
Best Use
Apartment 5plus
$161.7K
$141.5K – $188.7K
NOI $11,322 @ 7.0% cap · market cap 9.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$271.3K
$237.4K – $316.5K
NOI $18,991 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
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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 - The 2020 work updated the kitchen and bath and added a stacked washer and dryer.
Where is this residential income property located?
The property is located at 3924 STONE GATE DRIVE Unit B Suitland, MD.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 841‑square‑foot, two‑bedroom residential unit; Major renovation completed in 2020; Gas oven/range, dishwasher, refrigerator, exhaust fan, and disposal
