Two-Bedroom Condo Near
For Sale
$224,900
9808 47TH PLACE Unit 206, College Park, MD 20740
A second-floor residence features a granite kitchen, stainless steel appliances, and one assigned parking space.
Property Size1,055 SF
Price / SF$213.18
Days on Market98
Property Features for 9808 47TH PLACE Unit 206
General Information
Standard status
Active
Size
1,055 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,457
Building Details
Building Size
1,055 SF
Year Built
2004
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 23
Changed: Oct 27
Last Checked: Oct 26 at 3:19PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 1,055-square-foot, second-floor condo has two bedrooms and two bathrooms. The kitchen includes granite countertops and stainless steel appliances. The primary bedroom has a walk-in closet and an attached bathroom with a walk-in shower; the hall bathroom contains a jetted tub. The building dates to 2004.
Walking paths provide a connection to the UMD campus. One assigned parking space is included.
Walking paths provide a connection to the UMD campus. One assigned parking space is included.
Key Highlights
- Two bedrooms and two bathrooms in 1,055 square feet
- Second‑floor condo built in 2004
- Kitchen with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,203
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,060
$284.1K
Cap Rate 7%
$202,900
$202.9K
Cap Rate 9%
$157,811
$157.8K
Market Conditions
NOI Build-Up for 1,055 SF
Gross rent
$27.5K $26.04/SF
− Vacancy
−$1.6K −$1.56/SF
EGI
$25.8K $24.48/SF
− OpEx
−$11.6K −$11.01/SF
NOI
$14.2K $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%
$284,060
Cap Rate 7%
$202,900
Cap Rate 9%
$157,811
Alternative Uses
Best Use
Apartment 5plus
$202.9K
$177.5K – $236.7K
NOI $14,203 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$340.3K
$297.8K – $397.1K
NOI $23,824 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - A second-floor residence features a granite kitchen, stainless steel appliances, and one assigned parking space.
Where is this residential income property located?
The property is located at 9808 47TH PLACE Unit 206 College Park, MD.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,055 square feet; Second‑floor condo built in 2004; Kitchen with granite countertops and stainless steel appliances
