Updated Duplex With Attached
For Sale
$504,000
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$456.52
Days on Market91
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
Listed By:
Rosemarie C Creasey · License #583737
(240) 439-9147
Source:
Coalitionpg
Added: Jul 16
Changed: Sep 30
Last Checked: Oct 7 at 2:16PM
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 / Yr
$16,041
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
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
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 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 3.18%
Second Best
Apartment 5plus
$212.3K
$185.8K – $247.7K
NOI $14,863 @ 7.0% cap · market cap 2.95%
Theoretical Best
Specialty Retail
$356.1K
$311.6K – $415.5K
NOI $24,930 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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?
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 $504,000.
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
