Three-Bedroom Residential
9808 47TH PLACE Unit 202, College Park, MD 20740
For Sale
$215,000
The third-floor residence has two full bathrooms and access to shared outdoor space and a playground.
Property Size1,161 SF
Price / SF$185.19
Days on Market44
Property Features for 9808 47TH PLACE Unit 202
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
community playground
outdoor space
Building Details
Building Size
Year Built
Listing Agency:
The Agency DC
Listed By:
Julia Sierra Bernstein · License #MD5001683
(240) 454-4541
Source:
Signaturemoverealestate
Added: Sep 25
Changed: Nov 6
Last Checked: Nov 7 at 10:05AM
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 The Agency DC
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Investment Insights
Based on property information with market context.
This 1,161-square-foot condo, built in 2004, is on the third floor and offers three bedrooms and two full bathrooms. Recent fresh paint and a kitchen with room for personal updates are among its interior features. Residents also have access to a community playground and outdoor area.
The property is near the University of Maryland, I-95, public transportation, and the UMD bus route. Walking and biking paths connect to the university.
The property is near the University of Maryland, I-95, public transportation, and the UMD bus route. Walking and biking paths connect to the university.
Key Highlights
- 1,161‑square‑foot condo with three bedrooms and two full bathrooms
- Third‑floor residence built in 2004
- Fresh paint and a kitchen ready for personal updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,630
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,600
$312.6K
Cap Rate 7%
$223,286
$223.3K
Cap Rate 9%
$173,667
$173.7K
Market Conditions
NOI Build-Up for 1,161 SF
Gross rent
$30.2K $26.04/SF
− Vacancy
−$1.8K −$1.56/SF
EGI
$28.4K $24.48/SF
− OpEx
−$12.8K −$11.01/SF
NOI
$15.6K $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%
$312,600
Cap Rate 7%
$223,286
Cap Rate 9%
$173,667
Alternative Uses
Best Use
Apartment 5plus
$223.3K
$195.4K – $260.5K
NOI $15,630 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$374.5K
$327.7K – $437.0K
NOI $26,217 @ 7.0% cap · market cap 12.19%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
801
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
$417,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Prince George's County, MD
Properties on Market for Residential income properties in Prince George's County
Frequently Asked Questions
What type of property is this?
Residential income property - The third-floor residence has two full bathrooms and access to shared outdoor space and a playground.
Where is this residential income property located?
The property is located at 9808 47TH PLACE Unit 202 College Park, MD.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,161‑square‑foot condo with three bedrooms and two full bathrooms; Third‑floor residence built in 2004; Fresh paint and a kitchen ready for personal updates
