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8702 50TH PLACE
About This Property
Welcome to 8702 50th Place, a charming detached home tucked away in the heart of College Park. Offering 3 bedrooms, 1 bathroom, and three levels of living space, this home blends timeless character with thoughtful updates and room to grow.
A welcoming covered front porch sets the tone, inviting you to slow down and enjoy the neighborhood. Inside, you'll find bright, comfortable living and dining spaces, hardwood floors, and a functional layout designed for everyday living. The spacious kitchen offers ample cabinetry and workspace, while the upper level features two generously sized bedrooms. A main-level bedroom provides flexibility for guests, a home office or convenient one-level living.
The unfinished basement presents a blank canvas for your future vision-whether it's a recreation room, workshop, fitness area, additional storage, or a custom space tailored to your needs. Outside, enjoy a large, fenced backyard with plenty of room for gardening, entertaining, pets or simply relaxing outdoors. The driveway provides convenient parking and space for multiple vehicles.
Recent improvements provide peace of mind, including a new roof (2022), furnace, AC, chimney liner, chimney cap, and sewer stack (2023), as well as a new 200-amp electrical service, upgraded panel, and tamper-resistant outlets and switches (2024). Additional updates include copper plumbing and water heater (2017) and replacement wood windows (2021).
Ideally located, you are just moments from neighborhood favorites including Vigilante Coffee, Tacos A La Madre and scenic Lake Artemesia. Commuters will appreciate being only a short drive from the College Park Metro, with easy access to the University of Maryland, major commuter routes and everything the greater College Park area has to offer.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017