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More details for 3301 Chillum Rd, Mount Rainier, MD - Multifamily for Sale

Queenstown Apartments - 3301 Chillum Rd

Mount Rainier, MD 20712

  • Day Care Center
  • Multifamily for Sale
  • Price Upon Request
  • 1,037,676 SF
  • Air Conditioning
  • Day Care
  • 24 Hour Access
  • Fitness Center
  • Kitchen

Mount Rainier Multifamily for Sale - College Park

Transwestern’s Mid-Atlantic Multifamily Group, as exclusive agent, is pleased to offer an opportunity to acquire Queenstown Apartments (the “Property”), a 1062-unit garden-style Naturally Occurring Affordable Housing (NOAH) investment opportunity situated in a Qualified Census Tract (QCT) that has been owned by the same ownership group for over 45-years and is ideally situated in the Mount Rainier/Hyattsville MD-Washington, DC Corridor in Prince George’s County, Maryland. The Property benefits from significant in-place cash flow with excellent historical performance and has been well-maintained for many years by a predominant local investment firm with significant high-cost capital improvements completed. The asset is primed for several investment strategies including being preserved as high-quality workforce housing, a potential LIHTC conversion, or implementation of continued market-rate value add improvements allowing a new ownership group multiple business plan executions to create value.

Contact:

Transwestern Real Estate Services

Property Subtype:

Apartment

Date on Market:

2025-10-23
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