Three-Unit Brick
New
For Sale
$499,000
4405 Tonquil St, Beltsville, MD 20705
Three separate living areas offer flexible occupancy options within one property.
Property Size2,309 SF
Price / SF$216.11
Days on Market2
Property Features for 4405 Tonquil St
General Information
Standard status
Active
Size
2,309 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR, 1 x 1BR/1BA, 1 x studio
Multifamily Units
3
Amenities
pellet stove
sunroom
stainless steel appliances
upstairs laundry
lower level washer and dryer
two rear patios
fenced backyard
storage sheds
summer room
RV parking pad
Building Details
Year Built
1954
Buildings
1
Stories
3
Construction
brick Cape Cod
Listing Agency:
LPT Realty, LLC
Listed By:
Elizabeth Keyser · License #5014961
(443) 454-5322
Source:
Fulcrum-residential
Added: Sep 13
Last Checked: Sep 14 at 2:24PM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This 3-story brick Cape Cod provides 2309 square feet with three distinct living areas. The primary portion includes an updated living room with pellet stove, sunroom, dining area, kitchen with stainless steel appliances, family room, three bedrooms, two full bathrooms, and upstairs laundry. A separate lower-level area adds one bedroom, one bathroom, a private entrance, and dedicated washer and dryer. The rear studio-style space has its own entrance for additional separation.
Exterior features include two rear patios, a fenced backyard, two storage sheds, a summer room with additional storage, and an RV parking pad in the front yard. Built in 1954, the property is located at 4405 Tonquil St, Beltsville, MD 20705.
Exterior features include two rear patios, a fenced backyard, two storage sheds, a summer room with additional storage, and an RV parking pad in the front yard. Built in 1954, the property is located at 4405 Tonquil St, Beltsville, MD 20705.
Key Highlights
- Three separate living areas within a 3‑story brick Cape Cod
- 2309 square feet with three bedrooms in the primary living area
- Lower‑level 1‑bedroom, 1‑bath area with private entrance and dedicated laundry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,550
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$671,000
$671.0K
Cap Rate 7%
$479,286
$479.3K
Cap Rate 9%
$372,778
$372.8K
Market Conditions
NOI Build-Up for 2,309 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.3K $22.20/SF
− Vacancy
−$3.3K −$1.44/SF
EGI
$47.9K $20.76/SF
− OpEx
−$14.4K −$6.23/SF
NOI
$33.5K $14.53/SF
Area
Prince George's County, MD
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$671,000
Cap Rate 7%
$479,286
Cap Rate 9%
$372,778
Alternative Uses
Best Use
Multifamily LT 5
$479.3K
$419.4K – $559.2K
NOI $33,550 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$444.1K
$388.6K – $518.1K
NOI $31,085 @ 7.0% cap · market cap 6.23%
Theoretical Best
Specialty Retail
$744.9K
$651.8K – $869.0K
NOI $52,141 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
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Business Placement
Demographics for 20705, MD
29,456
Population
9,181
Households
3.2
Avg Household Size
36
Median Age
33%
College-Educated
81%
High-School Grad
14.5 sq mi
ZIP Area
2,031
Density / Sq Mi
$106,691
Median Household Income
$45,692
Median Earnings
$1,777
Median Rent
$423,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate living areas offer flexible occupancy options within one property.
Where is this triplex located?
The property is located at 4405 Tonquil St Beltsville, MD.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three separate living areas within a 3‑story brick Cape Cod; 2309 square feet with three bedrooms in the primary living area; Lower‑level 1‑bedroom, 1‑bath area with private entrance and dedicated laundry
