4901 40TH PLACE
About This Property
Discover the historic charm, sophistication, and elegance of 4901 40th Place, a distinguished Colonial Revival home built circa 1870 by Hyattsville's founder, Christopher Hyatt. This residence showcases classic Italianate details, including cornice brackets and pendants. A welcoming trellis and stone path lead you and guests to this grand stunner with a welcoming 40-foot wrap-around concrete porch with a porch swing. Inside, you'll find a gracious center hall layout spread over 2990sf with warm wood floors flowing throughout. Abundant natural light through a plethora of windows fills this home, and all of the natural light is complemented by gorgeous vintage lighting providing ambiance in every room. The living room has a bay window, built-in bookcase, a lined wood-burning fireplace, and porch access through French doors. The dining room, with its exposed beamed ceiling and French door porch access, is adjacent to the charming kitchen. This Julia Child-style kitchen overlooks the rear garden with both original and updated cabinetry providing abundant pantry and cupboard storage. A main-level bedroom with built-ins makes the perfect home office, and a half bath offers main-level living convenience. Enjoy the outdoors on the fabulous screened porch with high ceilings and a fan, leading to an enchanting garden with perennial native plants and flora. Back inside and up the original staircase with original curved newel post and handrail, you'll find four bedrooms, including a king-size primary suite with an exposed brick wall and original decorative fireplace. The other front-facing secondary bedroom has a built-in desk and an extra-large closet. The full bath features a clawfoot tub, a window, and more period-style updates. The two rear bedrooms are super-spacious and provide great guest space or other multipurpose uses to suit your wants and needs. The expansive top floor, with a 9-foot ceiling, skylights, and ample storage, offers a versatile family room, art studio, home gym, and so many more options. The basement is ideal for hobbyists, with a workbench, storage space, exterior access, and laundry/utility space with shelving. Central AC & radiator heating, double pane windows, and a long side driveway with ample parking complete this home. Located blocks from local favorites, bike path access to the Arts District and Metro, this home offers a vibrant, happy, & convenient lifestyle.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Hyattsville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017