Residential Income Property with
For Sale
$199,900
4409 ROMLON STREET Unit 2, Beltsville, MD 20705
The condo fee covers utilities, exterior upkeep, snow removal, and trash collection.
Property Size1,172 SF
Price / SF$170.56
Days on Market64
Property Features for 4409 ROMLON STREET Unit 2
General Information
Standard status
Active
Size
1,172 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,665
Amenities
in-ground pool
common grounds
patio
Building Details
Building Size
1,172 SF
Year Built
1964
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 28
Changed: Oct 27
Last Checked: Oct 26 at 3:10PM
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 1,172-square-foot residential income property has three bedrooms, two full bathrooms, and a traditional layout connecting the living and dining areas. The galley kitchen includes a built-in microwave, dishwasher, and gas range. A private patio extends the unit’s living space, while the community also offers an in-ground pool and maintained common grounds. Built in 1964, the property is located in Montpelier Village in Beltsville.
The condo fee covers heat, air conditioning, water and sewer, electricity, lawn maintenance, snow removal, and trash collection. Sidewalks, street lighting, and parking access are also noted among the community features.
The condo fee covers heat, air conditioning, water and sewer, electricity, lawn maintenance, snow removal, and trash collection. Sidewalks, street lighting, and parking access are also noted among the community features.
Key Highlights
- Three‑bedroom, two‑bathroom layout with 1,172 square feet
- Built in 1964
- Galley kitchen with built‑in microwave, dishwasher, and gas oven/range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,778
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,560
$315.6K
Cap Rate 7%
$225,400
$225.4K
Cap Rate 9%
$175,311
$175.3K
Market Conditions
NOI Build-Up for 1,172 SF
Gross rent
$30.5K $26.04/SF
− Vacancy
−$1.8K −$1.56/SF
EGI
$28.7K $24.48/SF
− OpEx
−$12.9K −$11.01/SF
NOI
$15.8K $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%
$315,560
Cap Rate 7%
$225,400
Cap Rate 9%
$175,311
Alternative Uses
Best Use
Apartment 5plus
$225.4K
$197.2K – $263.0K
NOI $15,778 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$378.1K
$330.8K – $441.1K
NOI $26,466 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
764
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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Frequently Asked Questions
What type of property is this?
Residential income property - The condo fee covers utilities, exterior upkeep, snow removal, and trash collection.
Where is this residential income property located?
The property is located at 4409 ROMLON STREET Unit 2 Beltsville, MD.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom layout with 1,172 square feet; Built in 1964; Galley kitchen with built‑in microwave, dishwasher, and gas oven/range
