4916 40TH PLACE
About This Property
The charming wrap-around front porch overlooks a white picket fence and beautifully landscaped side gardens. The expansive rear yard welcomes sunny afternoons spent on the stone patio surrounded by flower beds and mature trees, while the playhouse / shed offers endless creative potential.
Three bedrooms, two full baths and a sun porch make up the second floor, including the generous primary suite featuring a beautifully updated bath with a classic clawfoot tub and heated towel racks. Full-height attic provides excellent storage or future living space, while the unfinished lower level offers even more flexibility.
Parking is accessible from the rear alley, backed by woods with a path leading to a 32-acre community park with tennis and pickleball courts, athletic fields, and the Hamilton Splash Park. Just minutes from Mt. Rainier and Hyattsville's lively main business districts, offering easy access to dining, groceries, shopping, and cultural destinations. This beautifully-preserved piece of history awaits its next chapter.
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Cap Rate Calculator
What does this mean?
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%.
How much can I actually make?
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2025 | Sold | ||
| Sold | |||
| Aug 24, 2025 | In contract | - | |
| In contract | |||
| Jul 29, 2025 | Listed by Compass | $750,000 | |
| Listed by Compass | |||
| Jun 15, 2025 | Price Decreased |
$799,000
↓ $26K
(3.2%) | |
| Price Decreased | |||
| Jun 13, 2025 | Price Decreased |
$825,000
↓ $15K
(1.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017