5704 48TH AVENUE
About This Property
With updated 200-amp electrical service, a wide concrete driveway, a carport, and a rear patio, the home has solid bones and and plenty of room to grow. The expansive lot provides space to add a garage, workshop, or studio-ideal for creative projects or extra storage-with flexibility for future expansion as your needs evolve.
Located only blocks to the MARC train, the Riverdale Farmers Market, and Riverdale Town Center-home to establishments like 250 BBQ, Manifest Bread, Town Center Market, Rivera Tapas, and Banana Blossom Bistro-with the Whole Foods in Riverdale Park just a few minutes beyond. Also nearby are the Hyattsville Arts District and the upcoming Purple Line. There's convenient bike trail access to the University of Maryland, and the nearby scenic Anacostia River Trail connects cyclists to Washington, D.C.
Riverdale Park offers a tranquil small-town feel with the convenience of nearby city life. Whether you're a homeowner ready to build equity and create your dream home or an investor seeking a streamlined project, this property presents a rare opportunity in a charming neighborhood with great proximity to all sorts of urban amenities.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Nov 14, 2025 | Sold | ||
| Sold | |||
| Oct 25, 2025 | Listed by Long & Foster Real Estate, Inc. | $299,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Apr 3, 2023 | Sold | ||
| Sold | |||
| Mar 18, 2023 | In contract | - | |
| In contract | |||
| Mar 14, 2023 | Price Decreased |
$390,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017