7529 RIVERDALE ROAD Unit 1834, New Carrollton, MD 20784

Building Details

Building Size 738 SF More

Year Built 1964 More

Listing Agency: Samson Properties

Listed By: Jessica C Santizo · License #657934 Show Phone

Source: Jackrealtygroup

Added: Sep 17 Changed: Oct 27 Last Checked: Nov 7 at 8:40AM

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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 Samson Properties

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Investment Insights

Based on property information with market context.

This 738-square-foot condominium unit has an open living and dining layout, flooring, recessed lighting, and a private patio. The building dates to 1964.

The unit is in the Frenchmans Creek community in New Carrollton, with shopping and dining nearby and access to New Carrollton Metro, MARC, and major commuter routes.

Key Highlights

• 738‑square‑foot condominium unit
• Private patio
• Open living and dining layout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,935

Cap Rate

7.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$198,700 $198.7K

Cap Rate 7%

$141,929 $141.9K

Cap Rate 9%

$110,389 $110.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 738 SF

Gross rent

$19.2K $26.04/SF

− Vacancy

−$1.2K −$1.56/SF

EGI

$18.1K $24.48/SF

− OpEx

−$8.1K −$11.01/SF

NOI

$9.9K $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%

$198,700

Cap Rate 7%

$141,929

Cap Rate 9%

$110,389

Alternative Uses

Best Use

Apartment 5plus

$141.9K

$124.2K – $165.6K (±1% cap)

NOI $9,935 @ 7.0% cap · market cap 7.95%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$238.1K

$208.3K – $277.8K (±1% cap)

NOI $16,665 @ 7.0% cap · market cap 13.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

613

Businesses Nearby

Explore this area Business Placement

Demographics for 20784, MD

32,567

Population

10,773

Households

3

Avg Household Size

34

Median Age

23%

College-Educated

79%

High-School Grad

4.1 sq mi

ZIP Area

7,943

Density / Sq Mi

$84,599

Median Household Income

$42,434

Median Earnings

$1,769

Median Rent

$356,500

Median Home Value

Market

Average Price Trend$/SF for Residential income properties in Prince George's County, MD

$257 Jul

$280 Aug

$261 Sep

$271 Oct

Properties on Market for Residential income properties in Prince George's County

Jul

Aug

Sep

Oct

Frequently Asked Questions

What type of property is this?

Residential income property - Condominium unit with an open living and dining arrangement and private outdoor space.

Where is this residential income property located?

The property is located at 7529 RIVERDALE ROAD Unit 1834 New Carrollton, MD.

What is the asking price?

The asking price for this property is $125,000.

What are key features of this property?

This property features: 738‑square‑foot condominium unit; Private patio; Open living and dining layout