603 CHAPELGATE DRIVE
About This Property
The main level features a spacious, open layout with living and dining areas and half bath, perfect for relaxing and entertaining. Upstairs offers three bedrooms and a beautifully updated full bath, while the lower level includes a fourth bedroom, full bath, laundry, and additional storage.
Outside, enjoy a fenced yard with space to relax or entertain, plus two storage sheds. The paved driveway and additional gravel parking area provide plenty of room for multiple vehicles, a camper, or RV.
Conveniently located near shopping, dining, parks, and major commuter routes to Annapolis, Baltimore, and Washington, D.C.
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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 |
|---|---|---|---|
| Jun 26, 2026 | Sold | ||
| Sold | |||
| May 31, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | Relisted | $430,000 | |
| Relisted | |||
| May 24, 2026 | In contract | - | |
| In contract | |||
| May 8, 2026 | Listed by CENTURY 21 New Millennium | $430,000 | |
| Listed by CENTURY 21 New Millennium | |||
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About Odenton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017