Two-Bedroom Residential Income
For Sale
$275,000
4703 OLD SOPER ROAD Unit 545, Suitland, MD 20746
An open-plan residence pairs a gas-equipped kitchen with two assigned spaces in a basement garage.
Property Size1,291 SF
Price / SF$213.01
Days on Market20
Property Features for 4703 OLD SOPER ROAD Unit 545
General Information
Standard status
Active
Size
1,291 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Multifamily Units
1
Parking per Unit
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,491
Amenities
swimming pool
storage
Building Details
Building Size
1,291 SF
Year Built
2008
Listing Agency:
Keller Williams Preferred Properties
Listed By:
Damon J. Brockenberry Sr. · License #601648
(240) 694-6460
Source:
Jackrealtygroup
Added: Oct 9
Changed: Oct 27
Last Checked: Oct 26 at 3:38PM
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 Keller Williams Preferred Properties
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Investment Insights
Based on property information with market context.
This 1,291-square-foot residence was built in 2008 and has two bedrooms, two bathrooms, and an open-concept layout. The kitchen includes a gas range, built-in microwave, dishwasher, cabinetry, and workspace. Recessed lighting is installed throughout, and the property includes two assigned spaces in a basement garage, along with storage access and use of a community swimming pool.
Branch Avenue Metro and bus transportation are less than a mile away. Shopping, restaurants, retail, and car dealerships are also nearby.
Branch Avenue Metro and bus transportation are less than a mile away. Shopping, restaurants, retail, and car dealerships are also nearby.
Key Highlights
- 1,291‑square‑foot residence with two bedrooms and two bathrooms
- Two assigned parking spaces in the basement garage
- Branch Avenue Metro and bus service less than a mile away
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,380
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,600
$347.6K
Cap Rate 7%
$248,286
$248.3K
Cap Rate 9%
$193,111
$193.1K
Market Conditions
NOI Build-Up for 1,291 SF
Gross rent
$33.6K $26.04/SF
− Vacancy
−$2.0K −$1.56/SF
EGI
$31.6K $24.48/SF
− OpEx
−$14.2K −$11.01/SF
NOI
$17.4K $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%
$347,600
Cap Rate 7%
$248,286
Cap Rate 9%
$193,111
Alternative Uses
Best Use
Apartment 5plus
$248.3K
$217.3K – $289.7K
NOI $17,380 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$416.5K
$364.4K – $485.9K
NOI $29,153 @ 7.0% cap · market cap 10.60%
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
460
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 - An open-plan residence pairs a gas-equipped kitchen with two assigned spaces in a basement garage.
Where is this residential income property located?
The property is located at 4703 OLD SOPER ROAD Unit 545 Suitland, MD.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,291‑square‑foot residence with two bedrooms and two bathrooms; Two assigned parking spaces in the basement garage; Branch Avenue Metro and bus service less than a mile away
