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About This Property
Residents of One Independence Plaza enjoy fantastic building amenities including a fitness center, community room, and landscaped courtyard. Ideally located near Metro access, shopping, dining, major commuter routes, and close to University of Maryland, College Park, this home offers the perfect blend of comfort, lifestyle, and convenience. Mortgage savings may be available for buyers of this listing.
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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 |
|---|---|---|---|
| Aug 3, 2026 | Price Decreased |
$219,900
↓ $10K
(4.4%) | |
| Price Decreased | |||
| May 22, 2026 | Listed by Redfin Corp | $229,900 | |
| Listed by Redfin Corp | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017