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5116 Lackawanna St, College Park, MD, 20740

3beds
1baths
936sqft
$385,000
$411price/sqft
$2,830/moest. monthly cost
$113,200/yrincome needed

About This Home

Welcome to 5116 Lackawanna Street in the heart of College Park, Maryland! Situated on a generous 5,000-square-foot lot, this charming 3-bedroom, 1-bath home offers 943 square feet of comfortable living space with endless potential to make it your own. The inviting layout is filled with natural light and provides the perfect setting for first-time buyers, downsizers, or investors looking for a home that's both move-in ready and full of future possibilities. One of the property's greatest opportunities lies in the unfinished basement, offering valuable space to expand your living area. Whether you envision a spacious family room, home office, fitness area, recreation room, workshop, or additional storage, the lower level provides the flexibility to create a space that fits your lifestyle and adds long-term value. Outside, the expansive backyard offers plenty of room for entertaining, gardening, pets, or future outdoor enhancements. Ideally located just minutes from the College Park Metro, the University of Maryland, and major commuter routes, you'll also enjoy convenient access to MOM's Organic Market, restaurants, coffee shops, parks, shopping, and everyday essentials. Combining a desirable location, comfortable living, and exciting potential for future growth, 5116 Lackawanna Street is an exceptional opportunity to own in one of College Park's most sought-after neighborhoods.

Getting Around

55
WalkingSomewhat Walkable
62
TransitGood Transit
52
BikeBikeable

Schools

7/10
2/10
Buck Lodge Middle SchoolGrades 6-82.3 mi
2/10
Parkdale High SchoolGrades 9-122.9 mi

Construction

Condition

  • Year built: 1950

Materials

  • Foundation: Block
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Area: 456

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 936

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Natural Gas

Interior Area

  • Total structure area: 1,392
  • Total interior livable area: 936 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 17212418531
  • Zoning: RSF65
  • Special condition: Standard

Features

  • Levels: Three
  • Stories: 3
  • Pool features: None

Lot

  • Lot size: 5,621 sqft

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Lightning
Winter Weather

FEMA Declared Disasters Across Maryland Counties

Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,946$23,352
Home Insurance *$120$1,440
Property Taxes $483$5,796
Electricity $281$3,374
Total$2,830$33,960
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$97,028/yr
40% on housing$84,900/yr
45% on housing$75,466/yr

Maryland FAIR Plan Programs

Maryland Joint Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 678Commercial: 44
Total Premiums$854,000
Total Exposure$326.56M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 8.1%
8.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$411This listing

vs Other Active Listings

Avg $/sqft

ZIP 20740$230
Prince George's County$186

vs Homes Sold Last Month

Median $/sqft

ZIP 20740$251
Prince George's County$231

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-05Contingent$385,000
2026-07-30Listed for sale$385,000
2021-03-26Sold$360,000
2021-02-22Pending sale$350,000
2021-02-21Listed for sale$350,000
1994-04-27Sold$110,000

For Sale by Agent

AgentDaniel Wheeler
BrokerageKeller Williams Capital Properties

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