3910-3912 Rhode Island Ave 5,841 SF 100% Leased Retail Building Brentwood, MD 20722 $2,492,100 CAD ($426.66 CAD/SF)

3910-3912 Rhode Island Avenue is part of the Hyattsville Maryland
submarket. Hyattsville is home to the University of Maryland in College
Park and is a transit-connected submarket located in Prince George's
County, Maryland, just northeast of Washington, D.C. The area is defined
by major transportation corridors, including Interstate 495 (I-495), U.S.
Route 1 (Baltimore Avenue), and Maryland Route 410 (East West Highway).
The Washington Metro's Green Line runs through the submarket, with
stations at Brentwood/Rhode Island Avenue, College Park and Prince
George's Plaza providing direct access to regional employment centers.
The submarket includes neighborhoods such as Brentwood, University
Park, Chillum, Langley Park, and Berwyn Heights, and features a mix of
residential, institutional, and commercial land uses.
Residential demand is supported by proximity to the University of
Maryland, regional hospitals, and public schools. Multifamily properties
are primarily clustered near transit nodes and commercial corridors,
particularly along Baltimore Avenue and East West Highway, where
zoning and infrastructure support higher-density development. The
area offers moderate walkability and access to parks, retail centers,
and neighborhood services. Hyattsville attracts a diverse population of
students, families, and working professionals drawn by its transit access,
affordability, and proximity to civic institutions.
Hyattsville currently has 23,457 rental apartment units. The area also
has almost 15,000 student units, which are not included in this report's
analytics.
The area has experienced tremendous growth. Approximately 1,800
were added in the last five years. During the same time, 990 units were
absorbed. The vacancy rate has been relatively volatile in the last few
years, rising and falling as new projects are delivered.
In the last year, there were 550 units of absorption as of the third quarter
2025. At the same time, approximately 960 units were delivered, one of
the highest years ever in the submarket. Another 610 units, representing
a 2.6% expansion of inventory, are currently underway and set to deliver
in 2026.
With monthly rents averaging $1,800, the Hyattsville Submarket remains
more affordable than the Washington metro as a whole, with average
rents of $2,260. Rents are rising at 0.5% annually.
The outlook for the Hyattsville multifamily market is favorable. Demand
drivers are solid, and the market should be able to absorb all of the new
units coming online in the next few years.