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6124 41st Ave 8 Unit Apartment Building $1,500,000 ($187,500/Unit) Hyattsville, MD 20782
Investment Highlights
- The property's strategic location near the University of Maryland, College Park.
- Multiple public transportation options ensure robust and consistent tenant demand.
Executive Summary
6124 41st Avenue in the Historic Hyattsville neighborhood of Prince George’s County, Maryland. This 1952-vintage, low-rise building, situated within the Washington, D.C. metropolitan area, offers a strong, high-density asset positioned for immediate income generation and significant long-term growth. The property's strategic location near the University of Maryland, College Park, top-tier retail (for example, Prince George’s County Mall), and multiple public transportation options ensures robust and consistent tenant demand. Moreover, the immediate vicinity's comparable single-family residences, commanding prices in excess of $500,000, underscore the enduring appeal and potential for capital appreciation in this submarket. A key differentiator in this urban setting is the provision of seven dedicated off-street parking spaces.
Property Facts
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $187,500 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 5,048 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1952 |
| Apartment Style | Low-Rise | Parking Ratio | 1.39/1,000 SF |
| Zoning | RMF20 - Residential Multifamily | ||
| Price | $1,500,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 5,048 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1952 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | RMF20 - Residential Multifamily |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 16-1831361 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,031,567 |
Property Taxes
Parcel Number
16-1831361
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,031,567
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6124 41st Ave
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