Riverdale Station Apartments

Unique Opportunity to Acquire a Garden Asset in Riverdale

• Rarely available middle-market multifamily offering in Prince George’s County
• Features 23 units with a mix of (21) 1 Br-1 Ba and (2) 2 Br-1 Ba
• Typical unit features consist of stainless steel appliances, wood cabinets, granite/white quartz countertops, and laminate/hardwood flooring

Minimal Deferred Maintenance and Expertly Maintained Property

• Current ownership has renovated 21 units between 2016 and 2022
• Other capital improvement projects include replacement of the roof and windows, renovation of common areas, and exterior painting
• Opportunity exists for a new owner to renovate the 2 remaining classic units and increase the legacy utility reimbursements to current rates

Less Than a 10-Minute Drive Away From the University of Maryland College Park and Washington, DC

• Convenient access to Capital Beltway, The Station at Riverdale Park, Riverdale MARC train station, and two stops on the upcoming Purple metro line
• Major area employers nearby: U.S. Food and Drug Administration, University System of Maryland, NASA Goddard Space Flight Center
• Major colleges nearby: University of Maryland, College Park, The Catholic University of America, Howard University, Prince George’s Community College, Bowie State University

NEIGHBORHOOD SPOTLIGHT: RIVERDALE PARK

Riverdale Station Apartments is located within Prince George’s County, situated in an enviable position within a 20-minute drive to the nation’s capital.

Already proximal to existing public transit, the property is located within walking distance of several brand new lightrail stations, which will be active upon completion of the purple line (estimated to be completed in 2026). The addition of the new rail line will connect Prince George’s county to several powerful employment centers in neighboring Montgomery County.

The property is within a 5-minute walk from the Riverdale MARC station stop and right off the I-295 corridor. It is strategically located between Baltimore and D.C., with a diverse mix of employers, including a large federal government presence and educational institutions.

Within miles of the University of Maryland College Park (UMD), the state’s flagship university and one of the nation’s preeminent public research universities, enrolling more than 30,000 students. The university is also one of the top employers in the area, with 18,726 employees. Other area colleges include Prince George’s Community College, which enrolls 11,805 students, and Bowie State University, which enrolls 5,308 students.

Top employers include the Joint Base Andrews Naval Air Facility Washington (17,500 employees), U.S. Internal Revenue Service (5,539 employees), and U.S. Census Bureau (4,414 employees).