Excellent investment opportunity or owner-occupant opportunity in the heart of Historic Mount Rainier! This well-maintained four-unit multifamily property offers immediate rental income with significant long-term appreciation potential. The property currently generates approximately $64,800 in annual gross scheduled rental income, including seasonal utility reimbursement. The building includes one 2-bedroom apartment, two 1-bedroom apartments, and one studio apartment, with three tenants under one-year leases and one month-to-month tenant, providing both stable income and future flexibility. Numerous capital improvements have been completed, including a new boiler, new water heater, updated roof, replacement windows, upgraded electrical system, fresh exterior paint, selected interior updates, and new luxury vinyl plank flooring in Unit 1. The property also features inviting front and rear porches, a private backyard, shared laundry, a detached two-car garage, and a separate workshop/storage building. Conveniently located just minutes from Washington, DC, the Arts District, shopping, restaurants, parks, public transportation, and major commuter routes. Whether you're expanding your investment portfolio or seeking to live in one unit while generating rental income from the others, this is a rare opportunity in one of Prince George's County's most desirable historic neighborhoods.
Discover this spacious income-producing triplex, ideally located just minutes from the Metro and steps from the bus depot. The property features two 2BR/1BA units and one efficiency, offering flexible rental or owner-occupant options. Two units are currently occupied, with one vacant and ready for immediate move-in or market-rate leasing (see pictures). Residents enjoy off-street parking, shared laundry, and a private deck on one of the units for added outdoor living space. 2 miles to the Redline. 3.8 miles to the Green line. 3.6 miles to College Park University. Whether you're looking to expand your investment portfolio or live in one unit while renting the others, this property delivers strong potential. This is a rare multi-unit opportunity in a highly sought-after location. Tenant's require 24 hrs notice.
Mount Rainier is located in Maryland. Mount Rainier, Maryland has a population of 8,290. Mount Rainier is more family-centric than the surrounding county with 29.87% of the households containing married families with children. The county average for households married with children is 26.76%.
The median household income in Mount Rainier, Maryland is $59,268. The median household income for the surrounding county is $91,124 compared to the national median of $69,021. The median age of people living in Mount Rainier is 40.8 years.
The average high temperature in July is 88.7 degrees, with an average low temperature in January of 25.6 degrees. The average rainfall is approximately 43.1 inches per year, with 13.6 inches of snow per year.
