Updated Duplex With Attached
For Sale
$514,000
5031 Mangum Rd, College Park, MD 20740
Four-bedroom primary residence with an attached studio, refreshed interiors, and a spacious backyard near University of Maryland.
Property Size1,104 SF
Price / SF$465.58
Days on Market46
Property Features for 5031 Mangum Rd
General Information
Standard status
Active
Size
1,104 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 4BR/2BA, 1 x studio
Multifamily Units
2
Building Details
Year Built
1950
Buildings
1
Listing Agency:
Turning Point Real Estate
(240) 439-9147
Listed By:
Rosemarie C Creasey · License #583737
Source:
Danmarpropertiesgroup
Added: Jul 16
Changed: Aug 28
Last Checked: Aug 29 at 11:37AM
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 Turning Point Real Estate
Investment Insights
Based on property information with market context.
This duplex, built in 1950, combines a four-bedroom, two-bath main residence with an attached studio apartment featuring high ceilings. The 1,104-square-foot property has updated kitchens with stainless steel appliances, renovated bathrooms, contemporary finishes, and bright interior spaces. A large backyard adds usable outdoor area for recreation, gardening, or gatherings.
The property is located near the University of Maryland, shopping, dining, and Metro access. I-495 and I-95 are both readily accessible, supporting connections throughout the surrounding area. The separate studio configuration provides flexibility for guests, multigenerational use, a private office, or rental income, as supported by the existing layout.
The property is located near the University of Maryland, shopping, dining, and Metro access. I-495 and I-95 are both readily accessible, supporting connections throughout the surrounding area. The separate studio configuration provides flexibility for guests, multigenerational use, a private office, or rental income, as supported by the existing layout.
Key Highlights
- Attached studio apartment with high ceilings
- Main residence includes 4 bedrooms and 2 full baths
- Updated kitchens with stainless steel appliances
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
$16,041
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
3.12%
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%
$320,820
$320.8K
Cap Rate 7%
$229,157
$229.2K
Cap Rate 9%
$178,233
$178.2K
Market Conditions
NOI Build-Up for 1,104 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
$24.5K $22.20/SF
− Vacancy
−$1.6K −$1.44/SF
EGI
$22.9K $20.76/SF
− OpEx
−$6.9K −$6.23/SF
NOI
$16.0K $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%
$320,820
Cap Rate 7%
$229,157
Cap Rate 9%
$178,233
Alternative Uses
Best Use
Multifamily LT 5
$229.2K
$200.5K – $267.4K
NOI $16,041 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$212.3K
$185.8K – $247.7K
NOI $14,863 @ 7.0% cap · market cap 2.89%
Theoretical Best
Specialty Retail
$356.1K
$311.6K – $415.5K
NOI $24,930 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
Explore this area
Business Placement
Demographics for 20740, MD
36,930
Population
13,079
Households
2.8
Avg Household Size
27
Median Age
49%
College-Educated
86%
High-School Grad
8.8 sq mi
ZIP Area
4,197
Density / Sq Mi
$81,359
Median Household Income
$29,270
Median Earnings
$1,788
Median Rent
$417,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Four-bedroom primary residence with an attached studio, refreshed interiors, and a spacious backyard near University of Maryland.
Where is this duplex located?
The property is located at 5031 Mangum Rd College Park, MD.
What is the asking price?
The asking price for this property is $514,000.
What are key features of this property?
This property features: Attached studio apartment with high ceilings; Main residence includes 4 bedrooms and 2 full baths; Updated kitchens with stainless steel appliances
